Elon Musk is currently in the middle of a legal process in which he refuses to buy the micro-blogging site Twitter. In the wake of the case, a batch of leaked messages between Musk and Twitter founder Jack Dorsey indicate that the two were considering moving Twitter to the blockchain, removing its reliance on government-controlled, centralized systems. The messages were exchanged before Dorsey stepped down as CEO of Twitter in November 2021.
Discussing how ideal Twitter should be, Dorsey suggested an ‘open source model’ managed by a foundation, which contributes to the protocol without having any proprietary rights to the platform.
At the time, Musk called Dorsey’s proposal a “very interesting idea.” Leaked messages are noted.
“I think it’s both right to try to move Twitter in a better direction and to do something new that’s decentralized,” the Tesla CEO noted.
Dorsey also expressed reservations about Twitter’s transformation into an advertising powerhouse in recent years.
Twitter’s main goal in moving to blockchain is to break free from its position as an advertising model.
Dorsey highlighted that advertising gives companies and governments a ‘surface area’ to control social networking platforms.
Becoming a Twitter ‘company’ is Dorsey’s biggest regret, he claimed in a tweet in early August.
The biggest problem and my biggest regret is the company it became.
— Jack (@Jack) 25 August 2022
In April this year, Musk bought a 9.2 percent stake in Twitter and two weeks later he offered to buy the company for $44 billion (roughly Rs. 3,59,855 crore).
However, Musk began to push back on the Twitter buyout, claiming the company had not leveled with him about the number of spam and bot accounts among its 230 million users.
Twitter says Musk has buyer’s remorse and his anxiety is an excuse to pull out of the deal.
The case will likely be finalized on October 17 in whether or not Musk, the world’s richest man, can walk away from buying Twitter.
