Time for Binance to Step Away from Twitter
Elon Musk's Twitter Revamp: A Potential Game-Changer for DOGE and Cryptocurrencies in General
DogeCoin Surges 10% Amidst X Payments Speculation, Resulting in $10M Loss for DOGE Futures Traders
Twitter should not have an overlord, according to Jack Dorsey, the company's creator and on-again, off-again CEO. But, if it must, Elon Musk, the world's richest man, is as good as it gets.
"Elon is the one answer I trust," Dorsey said of Twitter's planned ownership transition. Musk won his effort to take the firm private for $54.20 a share earlier Monday.
Dorsey, a bitcoin maximalist, began his remarks with a tribute to decentralization: "I don't believe anybody should own or operate Twitter in principle. On a protocol level, it aspires to be a public good rather than a corporation. However, resolving the issue of it being a corporation is a different story "Elon, and only Elon, is required.
"Taking it back from Wall Street is the first step in the right direction."
Dorsey's remark comes after a day of hand-wringing on Twitter over the repercussions of a super-rich, bombastic billionaire seizing control of his favorite megaphone. Musk has made his preference for DOGE payments no secret, therefore this dispute might have an influence on crypto as well.
Musk, for one, has committed to emphasize free expression on Twitter, which Dorsey hailed as a message of open discourse.
"Elon's objective of building a platform that is "very trustworthy and extensively inclusive" is a good one. This is also the purpose of @paraga, which is why I selected him. Thank you for rescuing the firm from a precarious situation. This is the way to go... I wholeheartedly believe that "Dorsey sent out a tweet.
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