Find out what FTX CEO Sam Bankman-Fried has to say about Elon’s Twitter victory.

Key Takeaways:

  • Elon Musk questioned if Twitter “adhered to the values of freedom of expression” (before buying shares and started the quest to take control of the social network).
  • Sam questions if this move is beneficial to users and society as a whole in his twitter post as a response to Twitter’s takeover.
  • “There isn’t a single moderation policy,” Sam believes is the correct solution.

Certain things, such as terrorism, must be moderated by all user interfaces, but there is room for customer choice beyond that.

Sam Bankman-Fried resonates with Elon Musk, he understands. Elon Musk is understood by Sam Bankman-Fried. In an interview with Bloomberg TV, the cryptocurrency entrepreneur and owner of the FTX exchange platform argued that social networks had a “broken paradigm” that may be fixed using block chain technology (which is key to the business). of NFTs and cryptocurrencies). The issue, according to the 30-year-old, is with the networks’ moderation policies: “What is the policy for all social networks in terms of moderation?” Is there a three-type system? The people in charge of three companies decide what gets restricted and what doesn’t. That is a faulty model…

Elon Musk questioned if Twitter “adhered to the values of freedom of expression” in a post a few weeks ago (before buying shares and started the quest to take control of the social network).

“I haven’t spoken directly with Elon about this, but I would be excited to,” Sam Bankman-Fried said when asked by Bloomberg TV interviewers if he had  spoken with Elon Musk about his suggestion.

In a post today, Sam revealed his thoughts on Twitter’s acquisition, writing, “So it looks like @elonmusk may actually be successfully buying @Twitter.”

he proceeds to question Is this good for users and society?  Bad?  Something else?

Musk is a fantastic businessman. At the same time when one of his enterprises technologically overtook NASA, his other venture became the largest global automotive company. But tackling Twitter and  exploring the potential of its content, unleashing the free-speech faucet, cracking down on abuse but simultaneously pleasing frequent users on the far left and far right is an altogether separate task. Nobody will take a hard-tech CEO’s decision to become the leader of a wild social-media huddle lightly.

                                        Nobody is sleeping on Musk and his splendid tactics!

                          We can only wait for the next chapter of this momentous event to begin.

In the end, the FTX CEO believes that it will depend on Musk’s intentions for Twitter.

It’s hardly going to make things better if his objective is to replace the current moderation policy with “ask Elon whether to censor something.”

“Terrorists”– new plan if his objective is to replace it with “no moderation.”

However, he believes there are more important things to do here, and that Elon might actually do them.

In general, Sam believes the correct response is “there isn’t a single moderation policy.”

All user interfaces must moderate certain things, such as terrorism, but there is room for consumer choice beyond that.

Earlier, Sam hinted at what he thinks a decentralised Twitter would look like: Tweets are sent on-chain, encrypted, and the sender decides who gets access to them (i.e. who can decrypt). In some ways, this ties DMs and tweets together: DMs are simply tweets with the privacy option “only Jill.”

In 2022, running a social-media company will earn you metric tonnes of hate every minute of your waking life. However, Jack Dorsey, the founder and former CEO of Twitter, claims that Elon Musk is the only solution he believes in, and that he believes in his mission to spread consciousness.

Tesla and SpaceX CEO Elon Musk identifies himself as a “free speech absolutist” who has attacked what he perceives as excessive moderation on social media sites.

“Free expression is the backbone of a functional democracy, and Twitter is the digital town square where things crucial to the future of humanity are debated,” he said in a statement announcing the purchase, nodding to these ideals.

We’ll have to wait and see what Musk has in store for Twitter!

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Aadrika Sharma

I enjoy writing and try to learn new things every passing day!

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