Twitter co-founder Jack Dorsey and Musk discussed a Blockchain based Twitter with no ads

• Elon Musk discussed future plans for twitter with tech giants.
• Twitter co-founder ideated a decentralized twitter 

Jack Dorsey, former CEO and co-founder of Twitter, apparently told Elon Musk that Twitter must be based on an “open-source protocol and funded by a foundation.” Earlier, Musk had pulled out of the deal to buy the micro-blogging site for $ 44 billion; the board, in a bid to effectuate the initial deal, made it a legal affair.

As part of the legal process, Musk’s conversations with several high profile investors in the tech industry are being exhibited. These high profile names include Dorsey, Jason Calcanis, Larry Ellison and Sam Bankman Fried.

Dorsey referred to Signal to buttress his point.”A bit like what Signal has done…It can’t have an advertising model.” He explained that governments and entities could try to influence users using ad space. “If it has a centralized entity behind, it will be attacked,” he added.

The archive of text messages was highlighted by The New York Times reporter Kate Conger.

Musk liked Dorsey’s idea calling it “super interesting.” The conversation is from the time when Dorsey was still on the board for Twitter. Dorsey added that instead of being controlled by a typical corporate, it should be funded the public and that no control should be exercised over the underlying protocol.

Musk was discussing the possibility of a blockchain-based replacement for Twitter that would focus on privacy and getting rid of bots.

Twitter’s alleged failure to disclose the actual number of spam and bot accounts on the site was one of the reason the Tesla founder based his decision to pull out of the deal.

Sam Bankman Fried, CEO of FTX wrote to Musk about Twitter:

“Btw Elon,”

“Would love to talk about Twitter. Also, a post on how blockchain-Twitter could work.”

Musk shared an idea about Twitter wherein the site would include a payments feature: “does both payments and short text message/links like Twitter.” Musk suggested that users would have to pay a small amount for putting messages on the chain to get rid of most of the spammers and bots.

Anthony Rose’s name was suggested to Musk for leading the project. Rose is a former SpaceX engineering manager and is presently the head of engineering, Matter Labs.

Musk suggested the use of Dogecoin (0.1 Doge for each tweet and retweet), his favorite cryptocurrency to pay for messages:  “My Plan B is a blockchain-based version of Twitter, where the ‘tweets’ are embedded in the transaction as comments,” he wrote.

“The idea of blockchain free speech has been around for a long time,”. Musk added. “The questions are really about how to implement it.” Musk noted that bandwidth and latency requirements would be a key problem since a peer to peer network would not be able to support such a project “unless those ‘peers’ are absolutely gigantic, thus defeating the purpose of a decentralized network.”

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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