Elon texted his brother Kimbal Musk, an entrepreneur and Tesla board member, on Apr. 9: I’ve an concept for a blockchain social media system that does each funds and quick textual content messages/hyperlinks like twitter. You have to pay a tiny quantity to register your message on the chain, which is able to lower out the overwhelming majority of spam and bots. There isn’t any throat to choke, so free speech is assured.
The second piece of the puzzle is an enormous real-time database that retains a duplicate of all blockchain messages in reminiscence, in addition to all message despatched to or obtained by you, your followers and people you observe.
Third piece is a twitter-like app on your telephone that accessed the database within the cloud.
This might be huge
Kimbal Musk: I’d love to be taught extra. I’ve dug deep on Web3 (not crypto as a lot) and the voting powers are superb and verified. Lots you could possibly do right here for this as nicely
Would have to pay w a token related to the service? You’d have to maintain the token in your pockets to publish. Doesn’t have to be costly, it should develop over time in worth
Blockchain prevents folks from deleting tweets. Pros and cons however let the video games start!
If you probably did use your individual token, you wouldn’t wants promoting it is a pay to be used service however at a really low value
With scale will probably be an enormous enterprise purely for the advantage of the customers. I hate ads
There are some good advertisements on the market. The voting part of customers (solely vote if you need to) might vote on advertisements that add worth. The advertisers would have to stake a a lot bigger quantity of tokens, however apart from that there isn’t any cost for the advertisements. It will convey out the creatives and the advertisements might be politically incorrect/artwork/activision/philanthropy
Voting rights might additionally crowdsource kicking scammers out. It drives me loopy once I see folks selling the rip-off that you just’re making a gift of Bitcoin. Lots of dangerous folks on the market