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Elon Musk and Jack Dorsey privately discussed creating a more decentralized version of Twitter. The two billionaires discussed the matter briefly before Dorsey stepped down from Twitter’s board of directors.
Elon Musk and Jack Dorsey discuss decentralized Twitter
The messages between Musk and Dorsey have been shared as part of the ongoing legal tussle between Musk and Twitter after the Tesla CEO pulled out of a deal to acquire the social media company.
The shared private messages show that on March 26, Dorsey told Musk that there was a need to create a new platform that did away with the corporate model, adding that this was why he had resigned from the company.
Dorsey resigned as Twitter CEO in December 2021. In his resignation notice, Dorsey said that his presence on the social media platform was now a “single point of failure.”
In the private messages, Musk asked Dorsey what his version of an ideal social media platform would look like. Dorsey said that such a platform would rely on an open-source model and a foundation that contributes to the protocol but does not own it. He also added that an example of such a platform is “Signal.”
Dorsey said such a platform would also eliminate an advertising model, adding that such models gave advertisers and governments a way of controlling it. Dorsey previously criticized Twitter’s advertising model, saying it was his “biggest regret.”
“If it has a centralized entity behind it, it will be attacked. This isn’t complicated work, it just has to be done right so it’s resilient to what has happened to Twitter,” he said.
Musk responded to Dorsey, saying that his proposal was a “super interesting idea.” The Tesla CEO added that he was willing to help Dorsey achieve that vision, saying it was worth moving Twitter in the right direction and creating a decentralized platform.
On April 4, Musk excited the Twitter community after announcing he had bought a 9.2% stake in the social media company. Musk bought this stake one week after his discussions with Dorsey. After two weeks, Musk announced his intention to buy the company and make it a private entity that promoted free speech.
Creating a decentralized Twitter on blockchain
Musk seems to have given much thought to creating a decentralized Twitter and integrating blockchain technology. Musk also had a conversation with the CEO of FTX, Sam Bankman-Fried, saying he was interested in discussing how blockchain Twitter could operate.
In some of the messages shared by Musk, he also proposed that users pay a fee to have their social posts published on the blockchain, saying that this would solve the problem of spam accounts on the platform.
It is not the first time that the idea of having Twitter on the blockchain has been floated. Michael Saylor, the Executive Chairman of MicroStrategy, has previously suggested that Twitter incorporates the Lightning network.
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