Make no mistake, Elon didn't just wake up and concluded he wanted to buy Twitter. He's a stylishly vocal man, he might have been active on Twitter a lot, but 2021 seemed to be the year he was arguably more active than ever, why is this? Crypto.
Last year, he singlehandedly influenced the price of crypto with how he tweets about a coin and how he tends to take off his supposed influence after a while. More like when he said Tesla wouldn't be accepting Bitcoin, even if he's pro-bitcoin. While this was for the benefit of the business it sure did take Bitcoin to the brink.
Well, I like to think that Elon's involvement with crypto led him to discover the massive influence Twitter wields. Of course, he noticed how it works and he's probably thinking of the enormous influence that could be exerted from his ownership.
But, do we know of the other intents of this massive mad money purchase?
I don't think this is all. I mean, there are mixed feelings about this huge takeover, but there's one synonymity with wealthy people, they like to exert their influence and the first true intent of this influence is to have more money, Musk is a different type of billionaire, he's futuristic, he is a risk takeover, but then, he's wise, he's systemic and he's probably the only billionaire who sees the glimmer influence crypto will have in let's say a decade to come.
Another thing is that he likes to flex his financial power and we can see this through his space programs in the past. Anyone who thinks that this move is to just go empowers people and promote free speech is wrong.
There are tons of reasons to purchase Twitter
yeah. But it's only one reason that'll make Elon fork $44 billion. The truth is, not many people are paying attention to the figures. When you begin to envisage how much this money is, this is when you'll begin to understand that, there's a predominant force at play.
Musk might be a billionaire but the biggest reasons that I can currently see for this purchase are influence and more money. It's not relatively bad for a billionaire to keep chasing more billions, after all, Twitter Inc and Jack Dorsey did it for a long time, I'm thinking this wouldn't just be madly to make more money, there'll be essential to this type of money-making.
I think Twitter will be revitalized, I don't see any changes being made to the external image, I only think that Musk will make some decisions that might seem questionable, why? Because he's a futuristic billionaire, he probably pulls stunts to target things ordinary people might not see, but it's left to see if these decisions would be generally good for Twitter or generally good for him.
As for the famous free speech that's been paraded everywhere, this might generally happen, however. Free speech has its consequences because people tend to abuse anything free. Business-wise, this might not be good. However, the only positive thing to see about this move is that the shadow-banning of crypto-related tweets might stop.
We've experienced this a lot here on Hive, people like @theycallmedan It doesn't just stop here. Since the new owner of Twitter is pro-crypto, are we finally going to see a repackaging of crypto to influence a global adoption? This is something I don't know. Many might argue that Jack Dorsey was pro-crypto, but he wasn't that much of an influence, in reality, Elon is a man that likes to be impactful.
His enquiring about the price of Twitter in 2017 wasn't just because he wanted a share, his wanting a share was only an entry point. The man wanted the whole thing, this is a brilliant correlation to the fact that there's nothing money is incapable of doing.
In Conclusion
As for free speech, I don't know. I just think crypto, in general, will see a glorious awakening, adoption-wise, yes, money-wise? I don't know. What does this mean for coins like doge?, I think some people might be considering buying some doge in anticipation of the coming few years. Some others are already making some crazy and outrageous decisions.
One thing is, this isn't a takeover that will continue aimlessly. There's going to be an impact that will be felt globally. We're definitely in for a ride. As for decentralized media like the Hive Blockchain, I think this is more of an advantage rather than a disadvantage. The stage is set. Big things are going to happen.
Interested in some more of my works?
Crypto & The Outrageous Learning Curve: My Splinterlands Journey As A Case Study
Understanding & Adjusting To The Real Purpose Of Motivation
Thematic Expression: African Child (Shot & Edited On My iPhone 12)
How I Create Original Images for My Blog & Why This is Important
Budgeting: Paying Yourself First With Crypto
Establishing Compatibility: A Case For Self-Improvement
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When you look at Elon's business model, how he goes about promotions differently, and considering this amount of investment, it's unreal to accept that it's free speech.
By making this single purchase, two things may happen, he may go off the list of being the wealthiest man on earth, at least for now; or he may even rise way above his current financial status.
As you've said, this is a strategic move, and the future has a lot of questions to answer.
All we would do is to speculate by the signal or trying to analyze the psychological way of doing business of the man, but I generally think he knows he can't fool the world with the focus on decentralization. But I'd take his ownership over Jack Dorsey.
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Yea. We just speculate and allow time to validate or invalidate our speculations.
Well, nobody will want to loose in life for any reason that I believe, musk's decision on becoming the owner of twitter is definitely for a goal that will serve as increment to him not decrement. Whatever his plans are for this great decision I know it's for his own betterment.
For the criticism, Sometimes the ways of a wise man seems foolish to people but then the result breaks the argument to as wether right or wrong the decision was taken, our eyes are wide open...🙏🙏🙌🙌💙
Exactly so bro. Everything is under the cover of free speech!
Sense man!
I think it'll be generally foolish for people to this the sole reason is to promote decentralization. In reality Twitter is built to be a centralized app. I don't think this will change. But the man will make more money in years to come with this sole decision.
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This is with no doubts bro, with the rates of individuals trooping into the social media everyday hmmmm definitely in one way or the other he is going to make back his money with interest sef...
For this, I can't really say because, I don't know how a decentralized platform like Hive was built, but I am very sure the goal of Hive was known right from plan, but the goal of twitter was strictly a centralize platform i don't really know how they've come with the idea that musk is going furnish it into a decentralized platform, i am sure it's not the easy... But then we will keep our eyes wide open for Elon's next move...
I think he's going to mine that Twitter data and build a chat bot lol.
Well I think what he could do could be endless, the realities of business opportunities could be enormous
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Definitely not about Free Speech. I wrote a post about the real reason why he bought Twitter.
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Yeah, absolutely, I'll check this out. It's definitely not free speech.
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Well I would love him to take the next step ;)
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Elon surely likes to be talked about and he's gotten what he wanted.. we're all speculating, we don't know what his real intentions are...free speech??. Hehehe, yes it'll be free but would it really make any positive impact in the society??..I think it'll just cause more problems because the world is really political.
We can only watch and see .might come as a shock to use in the end and it probably might not ..
I was trying to resolve this in my head earlier. A part of me almost called the other a conspirator. I definitely don't think Elon's investment in twitter had anything to do with free speech. Like you said, if anything, it's mostly about power and influence, but if his public can get a little facelift from t, all the better, right?
The rich gets richer.
He probably used the free speech as a front to his main purpose of suddenly buying Twitter. While there are many theories as to this decision I’m anticipating the real reason on this and how it will all play out both in crypto and Twitter.
Here I talked about the disadvantages this said free speech may lead to.
I agree with you, To me Hive is an upgraded version of Twitter and soon more people will likely join.
I don’t believe that free speech aspect will work but I believe there will be so many changes and this determines a lot. When a business purchases something for that amount he has pictured so many things in his head in such a way that will benefit him massively
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Nice reflection on the subject, and analysis here bro.
I just wanted to remind you that one of the first things he said he'll do (of course, this doesn't mean he will actually do it, but at least, he showed intention) is to make the base code of Twitter open source
(as long as he keeps his word and do this) This would not only lead us to many possible community-driven improvements in Tw itself (just like in Linux), but also to the possibility of forks, and independent alpha versions.
It is funny, that the number one guy in terms of centralization of capital, actually believes in decentralization. This is something we all should be grateful for.
In the meantime, let's always hope for the best.
- EvM
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The man's determination is mad, everyone should just learn, after making that speech in 2017 he worked towards purchasing it no matter the years.
For Any reason he purchased it, i don't really know.
But i also think it has given an advantage to Crypto, if you noticed today Dodge pump to +30% that's a good start.
I don't think it will be the free speech people imagine because he is a businessman. So he bought Twitter because it can make him money and I don't think he likes the current censorship policy because it goes against making money. How do they get more money? Obviously it's to take any profitable ad or to increase cost per user. He has already said he plans on making a membership model for Twitter and I have seen Twitter refuse ads that don't alighn with them.
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Hi @josediccus,
This is an interesting take on the this Elon & Twitter saga.
I am not quite sure about how this will work out but if anything, it'll be entertaining!
Your post was featured in ListNerds.
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Its certainly not about free speech, Elon is the Establishments top boy!
They are getting desperate and trying to create a new narrative to keep people on centralised social media.
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There's only one reason why someone with so much money would spend that amount on buying Twitter (and probably more if he'd been pushed) and thats to make more and more money. Nothing to do with free speech whatsoever, and certainly not to benefit the global community. It's the game that excessively rich people play every minute of every hour of every day. How do i make myself richer, and keep the poorest of the poor down at heel. !hivebits
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Let's get him to invest in Leo and then all our posts will be welcome.
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His money is doing all the talking now, every other thing one must patiently wait and see, just my take, thanks.
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Good words as always man. Im with you on what you feel. I think the u.s medias response to this is god awful though, it feels like they see making things worse sometimes. I think Elon is a more trustworthy personality than others, not that hes 100%. Critics are skewing this as foulplay, or that free speech means anyone can say bad things. There will still be rules but i think hes interested in undoing some of the excessive political correctness. All this stuff with the virus and gender stuff going on past few years. Keep rockin though man, keep up the work.
The man who has the people has the money. I believe Elon wants to leverage the crowd and influence that twitter already has as the world's most popular social media platform.
hopefully, we would all be a part of it.
This is not financial advice but I just do not trust Doge coin, it has no limit, and very little use case and no development to many red flags for my taste.
I have never had that much money so who knows, if I did I might be crazy and selfish enough to buy DC Publishing rather than using that money to solve the poverty situation of a small nation.
It won't be free speech for Elon. He paid $44 billion to say whatever he wants. LOL Thanks for sharing on ListNerds
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