In putting together the Twitter acquisition, Musk has seemed to waver on his commitment to crypto.
Binance, the world’s largest digital-asset exchange, committed US$500-million to Musk’s financing for the deal in May and is reportedly building a team focused on exploring how crypto could be useful to the social media company. In a trove of text messages released as part of litigation over the Twitter deal, Musk initially discussed using blockchain to promote free speech and reduce spam on social media, only to write later that “blockchain Twitter isn’t possible”.
Freedom of speech is close to Musk’s heart, and he intends to lift the company’s lifelong bans on users. Those values align with those of many crypto believers dedicated to the ethos of decentralisation promoted by blockchain. They think that a single entity shouldn’t make major decisions over how a platform is managed.
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Musk fired Twitter execs in attempt to avoid payouts, layoffs planned: reportsMusk fired Twitter execs in attempt to avoid payouts, layoffs planned: reports: Twitter's new owner Elon Musk fired top executives in an effort to avoid hefty severance payouts, while lining up other layoffs as soon as Saturday to avoid stock grants due…
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