Cardano (ADA) founder Charles Hoskinson has invited Tesla and SpaceX CEO Elon Musk to build a decentralized social network if his bid to buy Twitter is rejected.
Through a tweet posted on Thursday, August 14 on his personal account, Charles Hoskinson made an invitation to Elon Musk to build a new decentralized social network, should his bid to buy Twitter be rejected:
@elonmusk Elon if Twitter rejects your offer, then hit me up. Happy to build a decentralized one
— Charles Hoskinson (@IOHK_Charles) April 14, 2022
However, the Cardano founder’s invitation to the world’s richest man generated divided opinions on Twitter. User @EdersonAmorim6 commented in favor of Hoskinson’s approach:
I have the same idea for a long time now, build a social media, running on the blockchain, 100% users account verified, no fake accounts, a space productive and organized, with many tools for the crypto folks and crypto company’s. 🚀🚀
— Ed. (@EdersonAmorim6) April 14, 2022
Recall that Musk this week offered Twitter executives the astronomical sum of USD $41.3 billion to take over management of the iconic social network. However, he is not alone, as the founder and former CEO of TRON, Justin Sun, who set the bar higher and offered to pay USD $60 per share.
The fact is that both Musk and Sun are contemplating making Twitter a private company, which would continue its work under a new operating model that would be much more protective of freedom of expression.
For the former CEO of TRON, the proposal aims to link the social network with Web3, which would operate outside the U.S. in order to have much more freedom.
Regarding Hoskinson’s proposal, there was no shortage of people who ironized about what it would mean for a social network of the caliber of Twitter to currently operate on Blockchain. One of them was Douglas Horn, architect and head of Telos, who joked that it would be ready by 2035, while others claimed that the lack of scalability would mean that only about 10 messages per minute could be sent, unless these problems were solved soon.
However, the idea of creating a social network of these properties that operates on Blockchain is not new, but what is not clear in the short term is what will be the network that can optimally host a project of such proportions.