Home » Beyond Dogecoin: Elon Musk Explains Why He Bought Twitter

Beyond Dogecoin: Elon Musk Explains Why He Bought Twitter

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With just one day left to officially acquire Twitter, Elon Musk released a last-minute statement today about his motivations for acquiring the social media giant.and enthusiastic dogecoin Fans have more in mind than the possibility of building cryptocurrency into the platform.

“There’s been a lot of speculation about why I bought Twitter and what I think about advertising. Most of it was wrong,” Musk said. Said on twitter on thursday.

Musk said his primary motivation for buying the company was to secure “the future of civilization.” The goal, he said, is not to split into “far-right and far-left echo chambers” but to maintain a “common digital town square” where people of a wide range of beliefs can discuss their views without resorting to violence. said.

The billionaire believes that while traditional media have consistently responded to these extremes in their pursuit of profit, they have created an environment of no dialogue in the process. That’s why I bought it.I didn’t do it to make more money.I did it to help the human race I love,” he wrote.

Musk made it clear that he doesn’t want Twitter to be a “free-for-nothing” or “free-for-all hell,” and that the user experience is customizable to the content they want to consume.

Regarding advertisers, Tesla’s CEO aims to target ads that are relevant to users as much as possible. “Irrelevant ads are spam, but relevant ads are really content,” he added.

Reducing spam is part of Musk’s commitment. top priority Since announcing the acquisition deal, Twitter bot spam has become particularly prevalent in the cryptocurrency community, with scammers often employing the identities of influencers like Musk to lure investors.

Musk is looking to implement a blockchain-based solution to address such issues.of leaked message The mogul, who was revealed last month, talked about making spam expensive, forcing users to pay a small fee to register their messages on-chain. “Freedom of speech is guaranteed because it should not be choked,” he wrote at the time.

Dogecoin, Elon Musk’s favorite cryptocurrency, Rose At 31% in the last two days before trading, it looks particularly bullish amid the broader crypto market rally this week. move the market with his tweetseven if cryptography is not directly involved.

Disclaimer

The views and opinions expressed by the authors are for informational purposes only and do not constitute financial, investment or other advice.

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