FTX chief suggested using blockchain to improve social media
Sam Bankman-Fried sees censorship as a serious problem
20.04.2022 - 15:20
244
1 min
0
What’s new? The CEO and founder of the FTX crypto exchange, Sam Bankman-Fried, has suggested improving social media with blockchain technology. The head of the exchange criticized the moderation policy on social media. He stated that people in leadership positions should not decide what to censor. Bankman-Fried voiced this opinion in an interview with Bloomberg.
What else did the head of FTX say? Bankman-Fried said that creating a system in which media platforms could get basic data from the same source would help solve the problem of censorship and streamline the user interface. Asked whether he had spoken with Elon Musk about this, Bankman-Fried said he had not directly communicated, but would be delighted to.
What had happened before? Tesla CEO Elon Musk offered to buy Twitter for $43 billion. Then Cardano blockchain founder Charles Hoskinson stated that he is willing to help create a decentralized version of Twitter. In April, it became known that the head of Tesla and SpaceX acquired a 9,2% stake in Twitter worth $2,89 billion. However, later the chief of the social network Parag Agrawal said that the businessman will not join the company’s board of directors.
Useful material?
Incidents
Scammers took advantage of the former US president’s recent announcement of a real DeFi protocol
Sep 4, 2024
Technologies
The upgrade is aimed at implementing a new decentralized project governance system
Sep 2, 2024
Incidents
The company placed $2б4 billion in bonds maturing in 2026, but their value has fallen dramatically since the entrepreneur’s arrest
Aug 30, 2024
Incidents
In both cases, depending on the outcome of the investigations, the messenger could be blocked
Aug 29, 2024
Market
The project will offer a decentralized alternative to traditional banking services
Aug 29, 2024
Trends
Within a week of its launch, the platform managed to overtake its main competitor, Pump.fun on the Solana network
Aug 28, 2024