Input Output CEO Charles Hoskinson wants Cardano to be Elon Musk’s Plan B if his bid to buy Twitter fails
Cardano founder Charles Hoskinson has proposed creating a new decentralized social media platform from the ground up with Tesla Elon Musk in case the centibillionaire’s bold attempt to take over Twitter fails.
Douglas Horn, the chief architect of the Telos blockchain, facetiously predicted that the project would be delivered by 2035. Another Twitter user joked that the platform would only be able to send 10 messages per minute, alluding to various tech issues plaguing Cardano-based applications.
As reported by U.Today, Musk offered to pay $41 billion to make Twitter private, saying the unsolicited offer was to protect free speech. Previously, he acquired a 9.2% stake in the company.
The idea that the world’s richest person, who has used Twitter to publicly troll, harass and intimidate people could become the owner of the highly influential social media platform expectedly caused a lot of controversy. Dogecoin co-founder Jackson Palmer criticized Musk for attempting a hostile takeover of Twitter.
Critics say the mogul is far from a free speech messiah and that his real motive is to get revenge on the US Securities and Exchange Commission (SEC). As part of his settlement with the dreaded regulator, Musk’s tweets must be pre-approved before publication. The billionaire is now trying to get rid of his “Twitter guardian”.
Musk is “not sure” whether or not he will succeed in taking over Twitter but claims that he has “a Plan B.” Saudi Prince Alwaleed bin Talal Al Saud, a key Twitter shareholder, has shot down Musk’s offer. The company’s board is also reportedly not willing to accept it.
