New information regarding Sam Bankman-Fried and Twitter has come to light following the release of formerly private messages in the course of the now-halted lawsuit between Musk and Twitter regarding the former welching on his original purchase offer (per Fortune). Prior to Musk’s purchase, he had been vocal on his own Twitter account about perceived censorship (not censorship he likes, naturally, but censorship against him) and the frustrating fragmentation of social media across multiple services.
Sam Bankman-Fried did what he does. He got in touch with Musk and proposed blockchain as a solution. According to sources at crypto news platform Forkast, Bankman-Fried contacted Musk at a frustrating point in his talks with Twitter, offering a partnership going forward. His vision seemed to be a blockchain-based approach to Twitter data security, potentially providing a backbone for a whole suite of services to take on Facebook, Instagram, and other major players in the space. The same sources indicate Bankman-Fried was prepared to put serious skin in the game, offering from eight to $15 billion.
Obviously, as Musk elected to proceed with the purchase of Twitter alone, and Bankman-Fried has since developed serious cash flow problems, blockchain on Twitter will likely remain a “what if?” for the foreseeable future. Still, the idea stands, and even if Musk intends to keep Twitter as a private fiefdom, plenty of other social media outlets enjoy money and could use better security. The future of decentralized social media will have to wait, but the possibility remains.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Gaming News Click Here
