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Charles Hoskinson Supports Elon Musk, Here's How

Sun, 11/27/2022 - 10:25
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Arman Shirinyan
Co-founder of Ethereum and Cardano provides support to Musk after Twitter app controversy
Charles Hoskinson Supports Elon Musk, Here's How
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The story around Elon Musk's Twitter takeover is not over. Recently, the new owner of one of the biggest social media platforms in the world assumed that Twitter's mobile application may disappear from various stores. As a countermeasure to it, Musk is ready to develop his own phone, and the Cardano creator supports the entrepreneur.

After the takeover, rumors about Twitter's mobile app delisting appeared in the space, mostly because of the rapidly changing rules and policies of the platform. Despite the rapid changes, the most important metrics of the app remain intact, as Twitter reports record-breaking numbers of daily active users on the website.

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Charles Hoskinson said that "big tech" should not pressure companies and platforms by threatening to remove their applications from their app stores just because they have "free speech." Previously, the Cardano creator was actively advocating in favor of creating a decentralized version of Twitter.

However, since the takeover, Elon Musk has not been very enthusiastic about implementing any kind of decentralized technology to Twitter. In his personal chat with ex-FTX CEO, he stated that it would be hard to make the platform run on a blockchain from a technical perspective, which is why implementation of crypto makes no sense.

Though Musk made it clear that Twitter will not become blockchain-based, nothing holds the entrepreneur back from accepting certain cryptocurrencies as payment for services on the network, like the blue confirmation mark.

The Cardano creator himself offered Musk help in making Twitter more blockchain-friendly, however, the entrepreneur showed no interest. At the same time, Musk is ready to build his own "Tesla Phone" to avoid excessive limitations from big tech companies and government regulators.

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About the author

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.