Elon Buys Twitter - Project X (BlueSky / AT Protocol)

[Iroh]

After becoming twitter largest shareholder and now talks about buying twitter after the failed attempt, he’s now suggesting that anyone who signs up for twitter blue would get an authentication checkmark.
Personally, I think he should just leave twitter alone and start his own platform.
Hopefully his platform would be as successful as Trumps truth social. 😅

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[Kavelj22]

In the latest updates regarding the crisis between Twitter and Elon Musk, Elon Musk's lawyers again demanded more data on non-original or automated accounts on the Twitter platform, and on how to calculate the number of users from whom revenue can be derived and those who are active daily. This comes about two weeks before a Delaware court hears the Twitter case that seeks to compel Musk to acquire it, which is scheduled for October 17.

At the same time, Twitter's lawyers announced that analysts hired by Elon Musk had failed to prove that the proportion of fake accounts on Twitter was much higher than those announced by the network, and this is the main argument used by Elon Musk to justify his retreat from the purchase of the platform.

Source: an article published on France 24.

[NotATether]

I don't think it means much for Bitcoin or web3, but likely crypto will receive a boost in the form of giving Doge a real usage case.  I imagine his everything app will be like Uber/DoorDash/Facebook/Robinhood/Tesla/(insert favorite news app here) all rolled in one.  You'll be able to order food and trade stocks from the same app you use to get your news and make social media posts.  You'll be able to see how many calories you've taken in and how much you've slept from the same app that calls your car to pick you up or monitor your home's electrical use.  All of this will likely be done on a Tesla phone and who knows, maybe it'll be free with subsidies (for lower bandwidth model) and not have a monthly service fee because it runs on free satellites.  

If that's his goal, then he is late to the party. Tencent already beat him years ago (WeChat does all those things and then some).

By 2030, I expect that the Tesla phone will be as popular as the iPhone.

I just see hype here. Steve Jobs solved a real problem in 2007 - make the phone a mini computer with easy input. Pi Phone doesn't innovate anything. In fact, no subsequent phone including newer iPhones have innovated anything.

Pi Phone's biggest (or should I say only) selling point is combining all of Musk's pet projects into one. At best it will crush all Android phones, given that OS development is absolutely laborious and taking the usual "build many startups at a time" approach to operating systems will just make an engineering disaster, so he'll probably just reuse a re-skinned Android on that thing (so that people don't think it's actually Android).

Apple has too strong of a cult for a single corp to break through it, without their own army of followers - Musk doesn't have that of course, it's only applicable to companies, and all his companies are vying with each other for attention. It's possible you can be a Tesla fan but not a Neuralink or SpaceX fan. Your position would be one of indifference to them all, and also to Musk.

Competing against a single company is kind of like maintaining a war front - there's only so many fronts an army can hold at once, so attempting to compete against all these companies (including Apple) will not end well for his plans.

[Moneyprism]

it seems that twitter will become a web3-based social media platform and more friendly,, but in my opinion this is still an ordinary social media where censorship is still there,, even though it is not as massive as before,, but it is better.. there is no new innovation in this and this will be new cash field for Musk

[theskillzdatklls]

Well, we know what it is now. It's "BlueSky" from the "AT Protocol"

https://blueskyweb.xyz/blog/10-18-2022-the-at-protocol

It will be built off of Bitcoin. And will function a lot like LBRY.

It remains to be seen if it's a base layer, of that base layer is open etc.

[BADecker]

Musk is teasing twitter employees by talking about firing 75% of them as he takes over.




'Let That Sink In' - Elon Musk Barges Into Twitter HQ Ahead Of Deal Close

Twitter employees have penned an open letter to soon-to-be boss Elon Musk and the Board of Directors begging to keep their jobs, after the Washington Post reported that Musk is planning to get rid of nearly 75% of the company's 7,500 workers - whittling Twitter down to a 'skeleton' staff of just over 2,000.

https://twitter.com/i/status/1585341984679469056

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[NotATether]

Musk is teasing twitter employees by talking about firing 75% of them as he takes over.




'Let That Sink In' - Elon Musk Barges Into Twitter HQ Ahead Of Deal Close

Twitter employees have penned an open letter to soon-to-be boss Elon Musk and the Board of Directors begging to keep their jobs, after the Washington Post reported that Musk is planning to get rid of nearly 75% of the company's 7,500 workers - whittling Twitter down to a 'skeleton' staff of just over 2,000.

https://twitter.com/i/status/1585341984679469056

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First of all is that a fucking sink he's holding?  

Second, I think the layoffs are good - Twitter has been an inter-government spyhouse for a long time now (think S.H.I.E.L.D, but populated by agents from many governments all competing against each other) so it's good that all the rubbish who are just stealing company data for governments are being cut out.

Third: https://blueskyweb.xyz/blog/10-18-2022-the-at-protocol

At least it's not "Skynet"

Looks like a Web3 social network. I've joined the waitlist, and hopefully the app doesn't let me down like CoPilot.

[BADecker]

Wouldn't it be nice if Musk could buy Youtube? But even if he tried, the cost would be prohibitive... even for Musk. So, fast forward to Youtube 2... well not quite. But how about adding a Youtube-like program to twitter?


Elon Musk Confirms Plan to Add Youtube Clone to Twitter

Nextbigfuture wrote how it would be simple to combine Starlink generation 2 backhaul bandwidth capabilities to enable video with Twitter.

SpaceX Starlink just passed 250,000 users in April and is now about 1 million users. Starlink could be around 1.5 million users by the end of 2022 and could reach 200-300 million users by 2025.

The generation 2 Starlink satellites will be able to handle the entire internet. Elon Musk will have space satellites for a global communications backbone.

Future Starlink satellites will likely weigh around one ton (~2200 lb) each, be capable of a maximum individual bandwidth of some 60-80 Gbps, and have solar arrays capable of supplying something like 15-20 kilowatts to power an army of antennas. If SpaceX ultimately wins FCC approval, the ~30,000 satellite Starlink Gen2 constellation as proposed would have a total instantaneous bandwidth of at least 500 terabits per second (Tbps) over land (~1800 Tbps including ocean coverage). As of 2020, the total installed bandwidth of global internet infrastructure was estimated to be 600 Tbps.

Youtube makes about $25-30 billion of revenue annually. Twitter makes about $4-5 billion in revenue annually.

SpaceX has talked about launching Gen 2 satellites twice a month in 2023. This would enable SpaceX to have thousands of Gen 2 satellites in orbit by the end of 2023. This would enable direct orbit to earth text and voice communication service for hundreds of million people (a few million at a time). It would also mean about ten to twenty percent of the complete Gen 2 infrastructure. This would be about 200-300 Tbps of global bandwidth.

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[theskillzdatklls]

Wouldn't it be nice if Musk could buy Youtube? But even if he tried, the cost would be prohibitive... even for Musk. So, fast forward to Youtube 2... well not quite. But how about adding a Youtube-like program to twitter?

Well... this is what BlueSky / ATProtocol is perhaps attempting to fix. It won't even require him to buy YouTube but will instead open the marketplace up. This could just ruin YouTube / Facebook etc.

A layer zero type protocol that will allow other projects to join. The biggest blockchain competitor to YouTube by a mile is LBRY / Odysee. That could integrate into the ATProtocol and host on BlueSky / Twitter. And then Twitter can bootstrap all of the other competitors that join on chain. And people could freely move from one protocol to the other seamlessly through a single account they control web3 style.

[Maestro75]

Elon purchased Twitter and claims it's part of Project X.

Any thoughts on what this might mean in the realm of Bitcoin/crypto/web3, if any? Or just perhaps censorship in general as a theme?

He should go ahead and also buy Telegram and WhatsApp too so all their interrupted services and scam activities will become checked. Elon has a magic touch to things. He is a successful businessman who knows how to make things work out. There is no need for anyone to accuse him of hiding behind anything to buy Twitter. He has a right to buy any property he wants provided he has the money for it.

[Gyfts]

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This list of fired employees, including some top executives is, but not limited to:

CEO Parag Agrawal
CFO Ned Segal and
General counsel Sean Edgett
Legal and policy exec Vijaya Gadde

Their unemployment journey won't last long. Another tech company will gladly scoop them all up for them to inflict their cancer on whatever platform.

It's time to unban the twitter accounts that were censored - I'm hoping for Dr. Robert Malone soon. Maybe even Orange Hitler can come back if he's willing to ditch Truth Social. Doesn't seem like he wants to leave it though.

[nutildah]

The biggest blockchain competitor to YouTube by a mile is LBRY / Odysee. That could integrate into the ATProtocol and host on BlueSky / Twitter. And then Twitter can bootstrap all of the other competitors that join on chain. And people could freely move from one protocol to the other seamlessly through a single account they control web3 style.

LOL bro what are u thinking, obviously he will put DOGE at the forefront of any crypto-related anything he'll do with Twitter.

I wouldn't worry about it as he'll be using Dogecoin obviously.

[theskillzdatklls]

That's true. Binance put themselves in for $500M of the Twitter purchase. So they are clearly going to do a lot of various crypto integrations into Twitter, Doge will be part of it. How big compared to the bigs like BTC/ETH is really just anyone's guess presently.

I seriously doubt that Doge will be front and center. I would imagine that aggro play would be to have BTC, ETH and DOGE front and center and anything else moved back, if Elon wanted to go that route.

[BADecker]

...

This list of fired employees, including some top executives is, but not limited to:

CEO Parag Agrawal
CFO Ned Segal and
General counsel Sean Edgett
Legal and policy exec Vijaya Gadde

Their unemployment journey won't last long. Another tech company will gladly scoop them all up for them to inflict their cancer on whatever platform.

It's time to unban the twitter accounts that were censored - I'm hoping for Dr. Robert Malone soon. Maybe even Orange Hitler can come back if he's willing to ditch Truth Social. Doesn't seem like he wants to leave it though.

If Musk is truly going for less censoring, and if Trump truly comes back to twitter, does that mean that Trump necessarily has to ditch Truth Social. Why not use both for a variety of things?


The Firings Begin: Twitter CEO, CFO, & Top Censor Escorted Out

Just minutes after the world's richest man has reportedly closed the $44 billion deal, The NYTimes reports that, according to sources that declined to be identified, the Twitter executives who were fired include:

Parag Agrawal, Twitter's chief executive,

Ned Segal, the chief financial officer,

Sean Edgett, the general counsel, and

Vijaya Gadde, the top legal and policy executive, (or censorship czar).

We suspect she was first on the list given this tweet from Musk earlier in the year...

As a reminder, having been with Twitter since 2011, Gadde was the key executive in charge of 'trust and safety, legal and public policy functions' - described by Politico as the company's "moral authority."

Gadde holds one of the most controversial positions at Twitter: Her teams decide how to moderate content. That's made her a target of right-wing criticism, particularly when Twitter blocked the distribution of a New York Post article about President Joe Biden's son, Hunter Biden, in 2020. She faced a renewed wave of criticism after multiple reports confirmed she was behind the decision to ban Trump from Twitter. -Politico

In other words, Gadde is likely the exec who signed off on ZeroHedge's February 2020 ban for speculating that Covid-19 may have emerged from a Wuhan Lab, and President Trump's January 2021 ban in connection with the capitol riot.

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[Gyfts]

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I suppose he could. Issue is that he's financially involved with Truth Social, I don't know if he would use both. I'd prefer Trump be back on twitter only to make the far left grifter account/MSM lose their mind.

Trump thrives off media attention and he just doesn't get a lot of attention with his posts on Truth Social. If he wants to mobilize for 2024, he needs to get back in the spotlight. Twitter would help him a lot more because everything he says becomes a news story (a double edged sword, of course).

On that note: https://twitter.com/elonmusk/status/1586059953311137792

Twitter will be forming a content moderation council with widely diverse viewpoints. No major content decisions or account reinstatements will happen before that council convenes.

Will this content moderation council allow Trump back? Let it serve as the litmus test for how things will be.

[NotATether]

Wouldn't it be nice if Musk could buy Youtube? But even if he tried, the cost would be prohibitive... even for Musk. So, fast forward to Youtube 2... well not quite. But how about adding a Youtube-like program to twitter?


Elon Musk Confirms Plan to Add Youtube Clone to Twitter

Nobody will use it because Twitter Search is already broken (hard to find anything relevant unless you are laser-precise).

It would be like Youtube but with only it's front page and channel pages of whoever you are following. Search, which 99% of Youtube users depend on, is simply non-existent in Twitter.

Besides, why are they trying to play catch-up with a dinosaur anyway? They should just make another Tiktok clone if that's what they ultimately want to do.

On that note: https://twitter.com/elonmusk/status/1586059953311137792

Twitter will be forming a content moderation council with widely diverse viewpoints. No major content decisions or account reinstatements will happen before that council convenes.

Will this content moderation council allow Trump back? Let it serve as the litmus test for how things will be.

Answer:



Shady as hell.

[Kavelj22]

Finally, an agreement was reached between Elon Musk and the US Department of Defense (SEC) Thursday, to finalize the deal, amounting to 44 billion dollars. This was announced in the international media, which did not mention the details of the trial that the American judiciary was considering.

As soon as he acquired the company, Elon Musk fired many influential officials in the company, and some sources talk about his intention to fire 75 percent of the company's workforce, which is what pushes the workers to hold demonstrations condemning these projects.

According to an article published by the British BBC, Elon Musk will lift the ban on all banned accounts, which may push him to clash with the US government if he lifts the ban at the expense of Donald Trump.
Link to article on BBC magazine: https://www.bbc.com/news/technology-63402338

[theskillzdatklls]

@BADecker, Trump doesn't necessarily have to pick. He could have his platform synced so that a post in once place gets repeated on the other. I don't know if it's set up this way or not currently, but there's no reason it couldn't be.

Overall though, yeah, the move has to be a net negative for Truth Social.

The re-skinned socials with no new technology are going to get wrecked. The technologies with innovation over web2 have more fire power, at least in theory.

[OgNasty]

Dogecoin is on an absolute tear as it seems like the market is expecting Elon to integrate payments into Twitter with Dogecoin being the preferred method. This is pretty huge if it happens and I’m sure Doge fans are over the moon right now. I think this is one of the more impressive stories in crypto at the moment and am very curious how Elon sets up crypto integration with Twitter and of Bitcoin will also be a highlighted option.

[Kavelj22]

A layer zero type protocol that will allow other projects to join. The biggest blockchain competitor to YouTube by a mile is LBRY / Odysee. That could integrate into the ATProtocol and host on BlueSky / Twitter. And then Twitter can bootstrap all of the other competitors that join on chain. And people could freely move from one protocol to the other seamlessly through a single account they control web3 style.

I think you have broad imaginations filled with optimism about the future of YouTube and Facebook. Do you really think that it is easy to establish a simulation system capable of competing with these two giants? Do you have an understanding of how much this will cost and how long it will take? Of course, taking into account that both companies will not take any step to limit or prevent this from happening.

Elon Musk's priority when putting $44 billion to complete the deal cannot be to destroy his rivals in the most sophisticated way. There is a lot that can be done and a lot of profits that can be reaped at different levels, including in the political arena, which lags behind the management of politicians on social media platforms.