Will Elon Musk's Twitter Takeover Impact Project Blank?

▶️ Watch on 3Speak


Ahh our coveted project blank. Elon Musk's latest attempts to buy or takeover twitter have caused a lot of discussion in our community.

Elon and many others view Twitter and other social media platforms as having overreached their powers into our lives.

Being a part of Web3, Hive and Decentralization, I think most of us can agree with those sentiments.

I think Elon would bring positive changes to Twitter. If I was a shareholder, I would welcome him with open arms.

That being said, I don't think that makes conversations around the building of platforms like Project Blank irrelevant. Project Blank and the decentralization of Social Media is the only long-term path forward.

I talk about it more in this clip from our LeoFinance Weekly AMA.

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(Edited)

The fact that Elon acknowledges Web 3.0 and the need for a decentralized platform is one things I feel quite comfortable with. I'm really curious to see how things work out with Twitter and the possibility of decentralization he's currently working on. Elon has done well for himself, his idea of a decentralized Twitter could be better than most of us think.

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The fact that Elon acknowledges Web 3.0 and the need for a decentralized platform is one things I feel quite comfortable with

Acknowledges it? He was the one who asked where it is.

He is not going to create anything to do with Web 3.0.

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he asked where it is facetiously. to him, and to most, web 3.0 isn't web 3.0 at all.

he also wouldn't advertise competitors to what his vision of web 3.0 could be so I'm not surprised he asked where it is as a direct challenge to those in the space already.

web 3.0's definition is nowhere close to concretized man, you know that's true.

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he also wouldn't advertise competitors to what his vision of web 3.0

Musk doesnt care about competitors. After all, Tesla patents are all open. So any car company can use them.

So it is a bit presumptive to believe he approaches this like many others would. He did mention open sourcing the Twitter software (we will see if he was serious about that).

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well, he's gotten quite a bit of moolah from the People thanks to massive subsidies.

It's clear that lithium batteries in cars isn't saving the planet - it takes 500k lbs of earth/minerals to make one 1000 lb battery in his teslas.

I am all for the needle moving forward but I'm not going to wear blinders now that Elon did something I like.

Elon making people seethe across the board today on Twitter has been absolutely deliciously satisfying though. I'm almost too full on self-delight right now.

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Well this is now a viral topic I saw someone posting having a line like "Elon VS Poison Pill" it sounds really overreaction of many people. This is now a topic of discussion. Thanks for sharing the discussion you made.

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The poison pill was actually a reference to the strategy used by Twitter’s board to try and prevent musk’s takeover.

evidently, it didn’t work loo

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I mean can twitter be any worse than it already is under new ownership? Nope, but it would still be maybe a publicly traded company and it would still be owned by someone thus making no real changes to it in general. Project blank would bring real decentralization to the mix and rewarding content creators which to me is the path forward to give power back to the individual person that is creating all of the content for that platform for people to interact with in the first place.

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exactly this.
Elon may even find a way to reward content creators, who knows? Im sure he could make some popular choices, but in the end, its still just another takeover and I doubt he's going to want to lose money by giving over control. He could prove that wrong of course... It would be an impressive move.
But EVEN THEN, Hive is years ahead in terms of development and experience with community tokenomics. Imagine trying to apply everything we have learned to a population the size of twitter? It would be mayhem. The real revolution is here on hive, with 3speak, project blank and sovereign communities. All we have to do is keep patiently building while the giants try and fail to convince the world otherwise.

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Exactly, keep our head down and keep building. That’s all that matters, web2 competing with web3 is like horse and buggy competing with the automobile

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It isnt a question of being worse. Of course, Musk will likely make it better.

The question is will it sabotage the efforts of Web 3.0?

No in the slightest in my view.

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If anything it will fuel adoption and bring awareness to the real issues with current systems.

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Bringing awareness is something Musk is good at, both positively and negatively.

There is no worries. Simply put, Web 3.0 is orders of magnitude better than Web 2.0.

We just have to build it out.

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Undoubtedly, elon musk makes everything he touches better.

That said, there’s a limitation already in place because Twitter is still Twitter. Web2 can’t make the leap to Web3. It has to be seeded from the ground up

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It is impossible to provide data ownership or account protection with Web 2.0.

Even if they dont exercise the ban, they can still ban one.

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Yes 100%, Twitter is already an absolute shit show. I think Elon has proven that he’s good at getting things done and generally has a positive outlook on creating abundance for the world at large

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I think Elon would bring positive changes to Twitter. If I was a shareholder, I would welcome him with open arms.

I do not think that the richest man on Earth would bring any positive change to Twitter. Probably this is pure business to him.

But we will see.

!PIZZA.
!LUV.
!hivebits.

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Is Twitter even making money? That is what he would look at if it were pure business.

I am not sure that is the reason he is in it. He has enough entities that will drive more wealth to him.

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Elon been someone who like decentralization makes a little comfortable with it. How he manages it is another thing. Would be looking to see the new outlook of Twitter with him onboard

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Elon is not going to decentralize Twitter.

Whoever is funding the buyout will still want to be paid. That means generating a profit. Unless Musk has a completely new business model, which he has not alluded to at all, that means advertising.

This is still Web 2.0.

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Don't know exactly how to feel with Elon musk now incharge. Whatever happens web3 is here to stay and I hope projectblank occupies a good spot over there

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Musk in charge? Did he get approval to take over Twitter by the shareholders? I think you are jumping the gun a bit.

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I trust he will be a major shareholder and have some kind of influence in decision making. Whatever it is, with him now part of Twitter, certain changes are likely to happen

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The board is fighting him to the point of putting in a poison pill.

My guess is that, if he loses, his stake will be bought out. He will not be welcomed. That is how hostile takeovers work.

Amazing that one is happening over Twitter but that is the case.

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Project blank of course! Elon has too much money and clearly not that good at investing. Why even bother with trying to take over Twitter?

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To start, he isnt using his money. Someone is funding it so it is their money at risk, not his.

As for Twitter, it isnt going to disappear overnight. If profitable, it might be a cash generator for a while.

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Thats the biggest concern. Do people know and how can they continue to allow him to do so. His shares have taken a hit.

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With the way the issue of twitter is trending with Elon Musk's idea of taking over really makes me feel there's changes that are willing to occur positively and sooner than expected which I believe will make twitter alive again than expected

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Twitter in the hands of musk is yet to be seen but given to his idea of decentralization, it might be a good thing. All things been equal this should usher in web 3.0 massively. Good for web3, good for projectblank

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All this shows why we need projectblank to enter the picture and take things to a whole new level.

Elon might be successful in his buy but what if it goes the other way round...what happens next? something to think about

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Elon might be successful in his buy but what if it goes the other way round...what happens next? something to think about

My thoughts too. Having a true decentralized web3 solution in Twitter won't be very possible. ProjectBlank will certainly be an appealing project.

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Yes, it will.

It has the potential to get more people here.

We need it now more than ever with what is going on between Elon and Twitter.

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All this shows why we need projectblank to enter the picture and take things to a whole new level.

We need it now.

Actually like yesterday.

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I seriously doubt that Elon Musk will be able to create a truly decentralized social media. Such a brilliant character wuanto egocentric, he will hardly leave the management of one of his creatures exclusively to the community.

Project Blank will be the real Revolution 🎉

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I seriously doubt that Elon Musk will be able to create a truly decentralized social media.

I dont think he stated anywhere that was his goal. He mentioned free speech, not decentralization.

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Twitter is a centralized platform. You can't just changed things to suit you. Project Blank could assist and reward creators financially better. It's difficult for Elon to have his way !

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At the end of the day, Twitter will be centralized and I think Elon will make it business-oriented. So they will be out to make money and I don't think that will always benefit the users either.

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Hoping that Elon will grant free speech is kind of missing the point about what free speech is. Looking forward to the day that it is just taken for granted through the algorithm of Project Blank. I just hope you have it out in time to be real competition to the billionaire owned networks. Striking while the iron is hot will allow for easier marketing.

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Free speech has to be tied to account and data ownership.

As long as an account can be closed, it is not free speech.

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Project Blank and the decentralization of Social Media is the only long-term path forward.

THIS. 100%. The days of me trusting centralized social media are long gone.

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I think with the new phase of Twitter we envisage under Elon Musk, ProjectBlank will certainly become more appealing. We know that though Musk is a pro- FreeSpeech, the technology of Twitter cannot give a whole 100% web3 and decentralized experience that Hive is presently giving.

It's time we anticipate updates on #ProjectBlank development from LeoFinance HQ.

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Web 2.0 cannot convert to Web 3.0; it is impossible. The business model will not allow it.

Wall Street still runs the show and they expect profits. They are the "owners", not the users.

Web 3.0 looks to set this on its ear.

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I used to like Elon, but I think power starts to make him evil. The latest post on Gates was an evidence of pure hate.

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Was the post about gates unwarranted? Or did he deserve that?

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I think if Gates can trigger such feelings from Elon and such a response, this shows mental weakness of Musk which is dangerous for a person with such power.
I also doubt Elon really has Asperger since his conduct implies otherwise.

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I think we will be more free on Twitter with Elon Musk. In particular, censorship of cryptocurrencies will decrease. But Elon Musk is obsessed with cryptocurrencies. It's bad that it's a little distant from those other than bitcoin and dogecoin.

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