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RE: "Twitter" on Blockchain and its Impact on the Global Economy

in LeoFinance3 years ago

Twitter has the capital to effect this immediately. Compare the market cap of hive to Twitter, and you will see this is feasible. However, Twitter represents centralization.

If Twitter were to start a blockchain, it wouldn't be a blockchain per se because they will have significant control, which is again the ethos of blockchain, and power isn't something anyone wants to lose.

Secondly, I think decentralization works best with smaller groups. This is one reason I believe hive is going in the right direction. We are a decentralized community made up of smaller decentralized communities.

I haven't been around much, so I missed the announcement. I will check that out.

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Mehn it will take an entire paradigm shift for Twitter to change their infrastructure and entire business model, but this is where we know Javls true intentions, he claims this is the way forward, Surely twitter on Blockchain might seem farfetched, but whatever will be built with a representation of twitter has to be done right henceforth, decentralized, and the best tech yet for such is Hive blockchain.

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