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IPFS News Link • Blockchain

DeSo is Elon Musk and Jack Dorsey's Answer for Decentralized Social Blockchain

• https://news.bitcoin.com, PRESS RELEASE

Milestones on the roadmap will be executed over the next 2 quarters to solve the major problem with social media today.

"Most people don't realize that social media is more centralized than the financial system was when Bitcoin was invented. Only a handful of companies currently control what we see and do online. We can solve this problem by decentralizing social media and storing all content on a blockchain." said Nader Al-Naji, the founder of DeSo.

The roadmap release comes as new messages emerge between Elon Musk and Jack Dorsey, showing his idea for a blockchain-based social media protocol that does payments and short text messages.

The two billionaire entrepreneurs discussed how Twitter would be better off as an open-source protocol funded by a foundation instead of a company. Dorsey expressed regret over making Twitter a company calling it an "original sin."

The foundation's role in an open-source blockchain-based social network would be to finance and advance its development.


Anarchapulco June 2024