- Elon Musk’s past actions may spell out his plans for Twitter
- The billionaire was forced to go through with his purchase last month and has big plans for the site
- His future plans may have been signposted in prior comments and actions
Elon Musk may have been leaving breadcrumbs in relation to his plans for Twitter, according to one user. 👨🍳.eth [@CroissantEth] posted yesterday about how Musk may have been waiting for this opportunity to launch a social media platform that has been in his addled mind for some years, with the potential to turn Twitter into a decentralized platform that requires small crypto payments for tweets.
There is some very fascinating stuff going on with Twitter and the recent Elon Musk deal.
Although these circumstances are still a bit speculative, it’s definitely worth digging into.
Here’s what I’ve found… 👀
— 👨🍳.eth (@CroissantEth) October 31, 2022
The suggestion that Musk is fulfilling a 23-year-old plan starts with X.com, one of the world’s first online banks. X.com merged with Coinfinity a year later and would become Paypal, at which point Musk was ousted as CEO and replaced by Peter Thiel. Musk rebought the domain www.x.com in 2017, and registered three holdings companies under the name ‘x holdings’ throughout his acquisition of Twitter.
Throughout the fractious purchasing process, Musk sent a series of messages to the likes of Twitter founder Jack Dorsey discussing his desire to build a “blockchain social media system that does both payments and short text messages/links like twitter [sic]”. In another conversation, Musk said it might be “worth…trying to move Twitter in a better direction and doing something new that’s decentralized.”
Dogecoin Central to Musk’s Plans?
Musk’s love of Dogecoin is well known, and he referenced it again in a message to FTX CEO Sam Bankman-Fried:
My Plan B is a blockchain-based version of twitter, where the “tweets” are embedded in the transaction as comments. So you’d have to pay maybe 0.1 Doge per comment or repost of that comment.
Clearly, Musk is toying with incorporating blockchain and cryptocurrency in some way in the Twitter space, with his known hatred of bots being the reason behind the idea of paid tweets. It is very early days of course, and there are several smaller mountains to climb before he can get to changing Twitter’s entire infrastructure, but it is an interesting proposal nevertheless.