Elon texted his brother Kimbal Musk, an entrepreneur and Tesla board member, on April 9: I have an idea for a blockchain social media system that handles both payments and short text messages/links like twitter. You have to pay a small amount to register your message on the chain, which excludes the vast majority of spam and bots. There is no choking throat, so freedom of expression is guaranteed.
The second piece of the puzzle is a massive, real-time database that keeps in memory a copy of all blockchain messages, as well as all messages sent or received to you, your followers, and those you follow.
The third piece is a Twitter-like app on your phone that accesses the database in the cloud.
That could get massive
Kimbal Musk: I would like to learn more. I’ve dug deep into Web3 (not so much crypto) and the voting rights are amazing and verified. You could also do a lot for that here
Would wa have to pay tokens associated with the service? You must hold the token in your wallet to post it. Doesn’t have to be expensive, it will increase in value over time
Blockchain prevents people from deleting tweets. Pros and cons, but let the games begin!
If you use your own token, you don’t need ads, it’s a paid service but at a very low price
With the size, it becomes a huge business for the benefit of the users only. I hate adverts
There are some good ads out there. Interested users’ voting component (vote only if you want to) could vote on ads that add value. The advertisers would have to stake a much larger amount of tokens, but otherwise there are no fees for the ads. It brings out the creatives and the ads can be politically incorrect/arts/activity/philanthropy
Voting rights could also kick scammers out through crowdsourcing. It drives me crazy when I see people promoting the scam that you are giving away bitcoin. There are many bad people out there