Elon Musk’s $44 billion acquisition of Twitter has been one of the most headlined news in the last week. While Musk said he has “freed the bird” in his drive for free speech, Ethereum’s Vitalik Buterin sees more competition ahead for the platform.
Speaking at the Singapore FinTech Festival on Thursday, November 3rd, Buterin said that he’s “hopeful in the next five to 10 years there’s going to be some kind of better social media platform.”
According to Buterin, the better platform could either be Twitter, a host of alternatives, or both. Twitter’s chances of winning the competition depend greatly on Musk, who is now the owner and CEO of the company.
While Twitter currently stands as one of the leading free-speech social platforms, Buterin is unsure where Musk will take it. Buterin is hesitant about picking a direction because “Elon is a very high variance actor.”
Buterin explained that Musk could either make Twitter “really great” or “really terrible.” He believes that if Twitter becomes really terrible, it will open up “opportunities for other people to do something great.”
Buterin explains that the push for a better social media experience from users could lead to Twitter improving or the company facing more competition.
How will Musk’s acquisition of Twitter affect crypto? Read:
Elon Musk’s Takeover of Twitter and His Relationship with Cryptocurrencies
What should you expect from the takeover? Read:
Will Elon Musk Turn Twitter into a Fully Fledged Web 3.0 Platform with Wallet Integration?
See original on DailyCoin
Source: Cryptocurrency - investing.com
