One of Twitter’s earliest investors wants it to be decentralized
An early Twitter investor wants the company to move to decentralization instead of becoming Elon Musk's latest toy
Elon Musk’s Twitter takeover bid hasn’t immediately helped its stock price, but it has kicked off a passionate debate about the fate of the company. One of the sharpest comments came from Fred Wilson, a venture capitalist who was one of the earliest investors in Twitter in 2007, roughly a year after it was formed.
“Twitter is too important to be owned and controlled by a single person,” wrote Wilson following Musk’s acquisition bid today. “The opposite should be happening. Twitter should be decentralized as a protocol that powers an ecosystem of communication products and services.”
Although Wilson doesn’t explicitly call for Twitter to be governed as a decentralized autonomous organization (DAO), his current portfolio is heavily invested in blockchain projects involving DAOs, NFTs, and cryptocurrency exchanges. If Twitter became decentralized, the dynamic could result in a somewhat less opaque moderation process on the platform.
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