Elon texted his brother Kimbal Musk, an entrepreneur and Tesla board member, on Apr. 9: I’ve an thought for a blockchain social media system that does each funds and brief textual content messages/hyperlinks like twitter. You need to pay a tiny quantity to register your message on the chain, which is able to reduce 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 replica 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 in your telephone that accessed the database within the cloud.
This might be large
Kimbal Musk: I’d like to study extra. I’ve dug deep on Web3 (not crypto as a lot) and the voting powers are superb and verified. Lots you may do right here for this as properly
Would need to pay w a token related to the service? You’d have to carry the token in your pockets to submit. Doesn’t need to be costly, it would 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 personal token, you wouldn’t wants promoting it is a pay to be used service however at a really low worth
With scale it is going to be an enormous business purely for the good thing about the customers. I hate commercials
There are some good advertisements on the market. The voting part of customers (solely vote if you wish to) may vote on advertisements that add worth. The advertisers must stake a a lot bigger quantity of tokens, however aside from that there is no such thing as a cost for the advertisements. It will carry out the creatives and the advertisements may be politically incorrect/art/activision/philanthropy
Voting rights may additionally crowdsource kicking scammers out. It drives me loopy after I see folks selling the rip-off that you just’re freely giving Bitcoin. Lots of unhealthy folks on the market