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Crypto fans should get behind Elon Musk’s subscription model for Twitter

Published 11/08/2022, 05:06 PM
Updated 11/08/2022, 06:40 PM
Crypto fans should get behind Elon Musk’s subscription model for Twitter
BTC/USD
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Like many people, I was originally dubious of Elon Musk’s takeover of Twitter given his historic tendency to make bold promises but later back away. That said, there is merit to his idea of adding a subscription layer to Twitter and using it to both improve curation and diversify away from advertising. If you believe in the core values of crypto, you should believe in it.

To see why, we need to revisit the basics of Bitcoin (BTC). Most people focus their attention on the coin, but the more remarkable thing about Satoshi Nakamoto’s invention was the design of the platform.

Most popular social networks worldwide as of January 2022 ranked by number of monthly active users (in millions). Source: Statista
Omid Malekan is a nine-year veteran of the crypto industry and an adjunct professor at Columbia Business School, where he lectures on blockchain and crypto. He is the author of the upcoming book Re-Architecting Trust: The Curse of History and the Crypto Cure for Money, Markets, and Platforms.

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