• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
Musk

Will Elon Musk Accept Cardano Founder’s Offer To Build Decentralized Twitter?

Christian Encila
by Christian Encila
3 years ago
·
Posted in Blockchain, Cardano, News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Charles Hoskinson, Cardano’s founder and chief executive of Input-Output Global, said he is keen in assisting Elon Musk in building a decentralized social media platform from the ground up — if Musk’s Twitter bid fails.

But Douglas Horn, the Telos blockchain’s primary architect, joked that the project would be completed by 2035.

There are numerous technical challenges hampering applications built on the Cardano platform, thus another Twitter user jokes that it can only send 10 messages per minute.

Related Article | Elon Musk Dangles $43 Billion For Twitter Buyout – A ‘Hostile’ Takeover?

Musk made a $43 billion bid to acquire complete control of Twitter with the goal of privatizing it and defending free expression.

The centibillionaire had previously acquired a 9.2 percent interest in the company. He also declined to join the social networking site’s board of directors.

Musk Wants Some Adjustments

The Tesla CEO has criticized Twitter for failing to uphold free speech norms. He has indicated that if his bid is rejected, he will reassess his ownership in the company. “It’s not a threat,” he said in quotes by multiple news outlets.

Hoskinson indicated in a subsequent tweet that the platform will be “cross-chain compatible with Bitcoin, Cardano, and Doge” and would be supported by default.

@elonmusk Elon if Twitter rejects your offer, then hit me up. Happy to build a decentralized one

— Charles Hoskinson (@IOHK_Charles) April 14, 2022

Hoskinson made the assertion in response to a tweet from “Robobubo,” who inquired whether the hypothetical platform would be confined to Cardano.

However, the user persisted, claiming that limiting the network to only three blockchains would be insufficient for a fully decentralized social media experience.

The prospect of the world’s wealthiest individual, who has publicly harassed and made fun of people on Twitter, becoming the owner of the very prominent social media institution generated much uproar.

ADA total market cap at $32.12 billion on the weekend chart | Source: TradingView.com

Not Everyone Was Happy

Jackson Palmer, co-founder of Dogecoin, chastised Musk for attempting a hostile takeover of Twitter.

Neil Campling, chieff of TMT research at Mirabaud Equity Research, believes that it is a hostile takeover and that it will cost “a significant amount of money.”

Musk’s offer was also rejected by Saudi Prince Alwaleed bin Talal Al Saud, a major shareholder in Twitter.

I don't believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects.

Being one of the largest & long-term shareholders of Twitter, @Kingdom_KHC & I reject this offer.https://t.co/Jty05oJUTk pic.twitter.com/XpNHUAL6UX

— الوليد بن طلال (@Alwaleed_Talal) April 14, 2022

Those who oppose Musk argue that he is not a savior of free expression and that his ultimate purpose is retaliation against the US Securities and Exchange Commission.

Musk must obtain approval from the powerful body prior to publishing his tweets as part of his settlement.

Related Article | Former Safemoon Marketing Chief Accused Of Running $12 Million Crypto Scam

Embracing Decentralization

Other crypto industry giants have embraced the idea of decentralizing Twitter.

Sam Bankman-Fried, co-founder and CEO of FTX exchange, suggested that the platform might enable users to submit encrypted tweets on-chain.

The revenue stream can therefore originate from either micro-fees for tweeting or from the user interface (UI). At the end of the day, either kind of monetization would benefit the platform.

In contrast, Justin Sun, founder of the cryptocurrency TRON, has offered to outbid Musk. The cryptocurrency entrepreneur disclosed in a tweet that he is offering $60 per share to take Twitter completely private.

Twitter Is Not About To Be Owned

Meanwhile, Twitter is not ready to accept Musk’s offer to buy and privatize the social media company.

Instead, it is defending itself against the acquisition proposal using a strategy known as a “poison pill,” the company revealed in a Friday announcement.

Anything can still happen. That includes Musk either saying yes to Hoskinson’s alternative Twitter offer, or just declining him outright.

 

Featured image from DailyCoin, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

Japan Post Bank Blockchain

Japan Post Bank To Issue Digital Yen In 2026—$1.3 Trillion Deposits Go Blockchain

1 hour ago
Cardano news Hoskinson Ethereum Buterin

Cardano Founder Slams ‘Drama’ Over Client Diversity Debate

19 hours ago
solana-analyse-tendance-leviers-techniques

Solana en route vers les 300 $ : analyse de la tendance des leviers techniques

1 day ago
Cardano news Charles Hoskinson

Cardano Founder: Leios To Deliver 65x Scaling Within 12–18 Months

1 day ago
Cardano News Leios

Cardano Hits Major Scaling Milestone: Leios CIP Goes Public

4 days ago
Cardano news

Cardano Foundation Fires Back After Hoskinson’s Explosive Criticism

6 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Top 5 Most Profitable ASIC Miners in 2025: ROI Comparison

    8 hours ago
  • Bitget to Transfer 440 Million BGB to Morph Foundation...

    8 hours ago
  • From Institutional to Individual Investors: How XRP and...

    8 hours ago
  • Despite XRP price fluctuations, Mint Miner lets holders...

    9 hours ago
  • CryptoMiningFirm Launches First XRP, BTC Mobile App: Earn...

    11 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.