Jack and the company just forgot to mention to him that it already exists.
Elon Musk text exhibits (Twitter v. Musk)
Blockchain social media system that does both payments and short and long text messages/links like twitter. Everyone reading this on Hive knows it already exists, you are on Hive. Everyone reading this that does not know, you are reading this on a Blockchain social media system that does both payments and short and long text messages/links.
It also has an easy link to Bitcoin Lightning network.
There are multiple frontends, web and mobile based to access all the data. Elon could easily built his own frontend.
"I think it is worth both trying to move Twitter in a better direction and doing something new that's decentralized"
No need to build it, just plug in Twitter accounts to it.
Steve Davis you could say to those blockchain engineers to have a look.
"You'd have to hold the token in your wallet to post"
You mean like having Hive Power to be able to send transactions (texts, transfers...) on the blockchain.
Jack Dorsey knows about Hive, because BlueSky people talked with community members of Hive about it.
CZ for sure knows about Hive. He was intentionally or unintentionally heavily involved in creation of it when Binance participated in Justin Sun Steem takeover that resulted in community forking over to Hive.
Did they just forgot to mention it to Elon? Slipped their minds?
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I really don't have high hopes that Elon with do anything crucial for "the rest" (or us)... Even with Twitter, it can be better, and maybe it will be, but in any case, when it comes to decentralization, it's hard to "give up the control"... Those people (in the end, all of us) are thought to control things, and decentralization, blockchain is great to brag, but when you have to make a move than it's hard to do the switch...
When they find a way to control things, they will build it, and implement things... Before that, I doubt...
one maybe good thing that could happen is that they implement crypto into it and fast forward the adoption.
and maybe paying 8$ would get my account shown to more than 10% of my followers :D
They're never going to do this.
But something I've been thinking about is that we can essentially make Twitter a front-end of Hive without their permission!
Picture Threads with the functionality of linking a Twitter account and automatically publishing your Threads content to Twitter.
Word for word - No links, no hashtags.
If Twitter ban you, you still have everything saved on your Hive account and can just plug in a new Twitter for greater exposure if you please.
I'd love to see this happen eventually!
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i am far from knowing how that tech work but i think the problem is Twitter API nodes and access to them. Maybe that will change now, not really sure how honest Elon was with what he was saying.
Somehow I hope this Twitter deal will put Elon bankrupt. I am sick of his arrogant douchebaging on daily basis. On the other hand, I don't understand what is with Americans and Twitter. They act like it is an essential tool out there. Christ just use Hive and you bypass centralism :)
i can't make my mind about him :D sometimes his lack of fucks given is interesting sometimes feels like douchebag :D
everything is now happening online and i think all the news outlets feel that feel that in their business, especially in the last few years. fear of being irrelevant is there.
I don't think Elon is that interested in Hive because he went there for the profit. Hive is just unknown to most of the world and I don't think it's on many people's radar. However, that can change when there are better applications built on Hive.
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he is talking about building the exact thing that is hive. but yes they do want to be in charge as we seen with Bluesky people while talking with people from Hive.
I think it is on purpose that they ignore Hive. They are secretly aware but would never admit it is great. Why?
Because at the end of the day they want to make money, in one way or other. And to jump on the existing Hive with it´s established whales, communities, etc. wouldn´t earn them enough money. Also they might genuinely think Hive is not scalable enough to run millions of users.
Instead they will create something new, "decentralized", but ensuring they will have their nice stake in it.
Jack talks shit about VC in web 3 all the time, and is all about decentralization. But from the looks of it, it is all just talk.
For sure, they must have forgotten... 😉
most probably :)
Why pay $8 when we can earn more than that amount in Hive?
my only reason for maybe thinking of paying something (if elon was not lying should be less where i live) is to finally get my hive links and tweets shown to people on twitter :D
I bet Elon knows about the existence of Hive and probably is trying to copy what has been done here, but u find it hard to believe he will succeed in an environment like Twitter filled with censorship.
i don't think he does. especially when seeing those texts. People around him do.
Problem with starting something now is how do you distribute initial tokens to keep it decentralized and don't get all the regulators on your back. With all the hype around Elon right now, not sure he will be able to do it.
literally he will just copy hive... he could build his front end with his own token but these kind of people likes the control... he will not let pass the opportunity to be in charge of this new thing he wants to make
i believe he would not just plug it in as yes they do want to control it. same as Jack and people from bluesky.
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why you say it can't scale? of course it can!
Are you talking about the amount of "free" accounts?
butthurt? 😂
You don't build something ON TOP of twitter, you need to build Twitter ON TOP of something. Having and audience helps for sure.
About scaling. Do you know what is the max capacity of transaction on hive? Splinterlands was doing a good amount of them in the bull market and hive did not even noticed it. Would be fun to see what is the limit.
I think he is mainly talking about the amount of accounts that can be created. There definitely is a limit for "free" accounts. Not sure if there is a limit for paid ones
if i am not wrong (not 100% on this) the limit is 14 characters and what ever the number of combinations you can get. so a lot.