The Twitter purchase offer made by Tesla founder Elon Musk last week caught the attention of Ethereum founder Vitalik Buterin.
For the record, Musk offered $ 43 billion in cash in the purchase in hopes of making Twitter more decentralized.
But, co -founder of Dogecoin (DOGE), Jackson Palmer also spoke out, describing Musk's actions as causing the social media platform to become more 'under control'.
This time, Buterin spoke out through an official sharing on Twitter over the weekend.
Don't oppose Elon running twitter (at least compared to status quo), but I do disagree with the more generalized enthusiasm for wealthy people/orgs hostile-takeovering social media firms. That could easily go * very * wrong (eg. Imagine an ethically-challenged foreign gov doing it) https://t.co/LDqjXh3xCK
- vitalik.eth (@VitalikButerin) April 15, 2022
According to him, he accepted Musk’s presence to manage the platform but he was less fond of the way rich people or organizations took over social media companies through hostile offerings.
Buterin then gave an example, linking the presence of foreign governments that did so. Of course this trend is very inappropriate.
Even more worrying when the figure also emphasizes the power of someone who only owns 5.2% of Twitter shares but is able to control the policy up to more than 10x double if his ownership increases to 50%.
Buterin’s tweet caught the attention of well -known figures including former Twitter CEO Jack Dorsey and Binance founder Changpeng Zhao (CZ).
According to CZ, this situation reveals how capitalism happens and claims there is something bigger that not many people know.
Twitter decentralization? Many seem to be OK!
TRON founder Justin Sun came out in support of Musk's initiative and offered Twitter purchases at a higher price of $ 60 per unit, unlike Musk who only offered $ 54.
FTX CEO Sam Bankman-Fried posted a description of how Twitter is moving towards decentralization:
1) FWIW, some thoughts on what a decentralized Twitter might look like:
- SBF (@SBF_FTX) April 14, 2022
Not to be outdone is Cardano founder Charles Hoskinson who earlier proposed a new social media site to replace Twitter with the objective of decentralization.
What do you think if Twitter was actually taken over by Elon Musk?
