Could Twitter have been the killer app to make blockchains go mainstream? - Episode 321 - by cryptohunt.it

Could Twitter have been the killer app to make blockchains go mainstream?

Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. As always: In plain English.

Jack Dorsey, Twitter's famous founder and multiple-times CEO, hasn't been sitting quietly on the sidelines of the company's struggle under Elon's new ownership.

In fact, he's layed out a vision for what he hopes social media would become... and it would have been great news for blockchain enthusiasts. Let's dig in.

Dorsey argues that no company or government should have control over social media. According to his ideas, it should be owned and controlled by the people using it, and those people should determine how it looks like. This is the way he sees true freedom of speech happening. And instead of building strong content moderation teams inside of Twitter, he says, he should have focused on giving strong tools to the community to do that job and truly democratize decision making.

Sounds famililar? It is, because that is the idea behind blockchains, such as Bitcoin. Dorsey is, in fact, a huge Bitcoin fan and has started funding projects that use blockchain technology or similar ideas to power the next Twitter.

Find it interesting that the Twitter Dorsey describes has absolutely nothing to do with the one that Musk is creating? So do many others - and we'll see what happens. But it could be good news for blockchain fans, as a blockchain Twitter would finally serve as a real killer use case.

And next time - another popular app embraces crypto even more: Paypal. Hear you then and here.

This podcast is produced by Cryptohunt.it, the easiest place to learn all about Web3. Copywriting is done by Arndt Voges, Social Media is done by Brett Holleman, design is done by Carmen Rincon, and my name is Christian Byza, Co-Founder of Cryptohunt and I am your host of this daily show.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.