Cryptocurrency billionaire Sam Bankman-Fried could presumably well be thrilled to talk about with Elon Musk about Twitter

Sam Bankman-Fried understands Elon Musk. The cryptocurrency billionaire, proprietor of the FTX change platform, gave an interview to Bloomberg TV wherein he stated that social networks own a “broken mannequin” that will be repaired the exhaust of block chain abilities (main to the change). of NFTs and cryptocurrencies). In accordance with the 30-365 days-weak , the anguish is within the moderation policies of the networks: “What’s the moderation protection for all social networks? Are they love three sorts? It’s the those that urge three companies who decide what what will get censored and what would no longer. That is a broken mannequin… We noticed a social network decide no longer to censor misinformation in 2016 and purchased burned for that resolution, then we noticed them decide censorship in 2020 and get roasted for that resolution.”

In accordance with the businessman, the anguish with the networks is that every is fair of the opposite, even once they belong to the the same company love Fb and WhatsApp, that are piece of Meta: “There is not always a possibility of seeing a tweet on Fb. For folks that send a message anyone on Fb, even WhatsApp can’t read it, being from the the same company. Or no longer it’s a terribly messy system where there’s no interoperability between the so much of platforms.”

For Bankman-Fried, the exhaust of blockchains could presumably well solve the anguish and even wait on competitors: “You place the true underlying messages straight on the blockchain. What meaning is that any platform could presumably well, in principle, get staunch of entry to those same sets of messages. So whether you’re the exhaust of Fb, Twitter or another platform… they’re all in step with the entire messages… They could presumably well be assorted interfaces residing within the the same universe.”

A few weeks within the past (forward of buying shares of Twitter and launching a marketing campaign to take alter of the social network ), Elon Musk printed a put up questioning whether the platform “adhered to the foundations of freedom of expression.”

Requested by Bloomberg TV interviewers if he had already spoken with Elon Musk about his proposal, Sam Bankman-Fried replied: “I own no longer spoken straight with Elon about this, nonetheless I could presumably well be wrathful to.”