Hey Everyone,
As expected Twitter accepted Elon's 44 billion dollar bid for Twitter stocks today and he will likely take Twitter Private. One of the talking points Elon used was Free Speech.
It occurred to me during the 3 week drama that lead up to this moment, that if Elon bought Twitter in some way it would be good for DOGE or at least people would talk about it being good for DOGE, so I bought some. I'm not a big fan of DOGE, and will likely not hold it long term, but I fully acknowledge that DOGE is not the same old Dog it used to be with a Elon rebranding effort that has lasted for a couple of years now.
At the time of this post DOGE is up about 25% and trading at higher than average vol. To my knowledge Elon hasn't yet mentioned DOGE in context with Twitter.
The men who owned the largest stake in Twitter prior to Elon's bid to purchase the company.
While I am a strong advocate for Free Speech and the Free exchange of ideas I have mixed feelings about Elon and I do not see him as the savior of Free Speech, but I abhor the control that Blackrock and Vanguard have on politics and communication so I am happy about the deal. I am also happy to see that most Americans are over this idea that we shouldn't passionately discuss ideas, instead of avoiding conversation and discussion.
The financial implications for shareholders is they received more per share than if they had sold their shares on the market, so that's a win. As far as future financial impacts, since the company is now private, it doesn't really matter to anyone but Elon and his private stakeholders. I imagine the emotions at Twitter headquarters are all over the place and I'm sure there will be internal shake ups.
When big deals happen and attention gets focused on the deal there is usually money to be made, so I'm going to hold some of my new Doge tokens 'til this shakes out a bit, strictly on speculation.
Whether you love or hate Elon or like me, land somewhere in the middle, if you enjoy a bit of Drama the entire situation should continue to provide a fair amount of amusement over the next few weeks.
What are your thoughts?
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I have been against holding Doge for quite some time now, but I might have to reconsider given the fact that he will potentially finally give it a use case. We will see what happens with all of this. He should really consider the past scrutiny Facebook was put under before congress before he makes this move. His cavalier attitude likely won't get him too far.
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I am not sure he will create too many use cases for it.
Outside of tipping which hasnt gone over big as of yet and paying for subscriptions that nobody seems to use, I am not sure what he can do.
But it is Elon, he might come up with something.
As I said in another comment, perhaps we have Tesla ads on every page.
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That's a real point. Going to be interesting, as a company it's been fairly stagnant, maybe Elon will fluff it up, but as long as he is taking it private, it really doesn't matter much for the vast majority of people
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It could be a good thing for the users. One thing Musk hates is the short term focus of quarterly goals.
So he might have a legit long term place for it. We will find out soon enough.
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That may just be the way it goes!
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I think I'm in the middle with you. Although I'm getting more annoyed at bored billionaires and their games
I really didnt care at all. It doesnt matter much to me.
The only thing I hope is he lifts the Hive shadowban.
Outside that, just another social media site I am not too invested in emotionally.
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The billionaires are a mess, I remember my Grandparents saying the "Real Rich" are invisible.. and for a while they were, but that phase is long gone now
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Egos got in the way.
The Internet millionaires (then billionaires) changed all that.
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It certainly did, and the ability to market through social media and the success of companies that have a good "Front Man" plays into that as well.
Most of the ultra rich have their funds in "foundations" for tax breaks and in order to pass it on without inheritance taxes.
But yeah, there is money out there we aren't following for sure.
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Not sure what he can do to implement dodge other than tipping and that ultimately will fail. I think while it's an exciting day for a lot of people Elon is doomed. Twitter will become a nightmare and he will become the arbiter of free speech effectively ending free speech.
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Yeah, I simply don't share the idea that Elon can kill or save free speech.
And I don't think Twitter is going to suddenly change. I'm a fan of people being able to use words to discuss basically everything.
Time will tell, I just don't have the "Sky is Falling" ideas that many do.
In addition if Twitter goes through a rough patch, that's not that big of a deal.
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He's going to get blamed for everything and he's not going to like it.
That's likely true.
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The rougher the path they go through, the better the opportunity for us.
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I don't really care about most of it. I did buy a few bucks worth of DOGE today for laughs.
The one thing I do like is this is a focal point to validate those who are lukewarm about free speech. Maybe it will cause a few to wake up and realize that free speech is ok and good.
Now if we can just comedians telling politically incorrect jokes and making fun of EVERYONE we will have a start to getting back on the right track. One can dream...
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I honestly dont either other than for entertainment.
I own no DOGE, no TWTR. I honestly only use Twitter to promote Hive and Leofinance.
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The DOGE price action is another wonderful illustration on why short term markets are mostly just sentiment, hype, speculation and not much else. Only when things get tough people get to see a glimmer of truth. Even if Elon takes Twitter private and build something better, don't we already have something better like @dbuzz where you don't have to rely on a company to not to censor you?
One thing I have noticed is that Axie hype has gone down a lot while @splinterlands has managed to hold there ground. Axie did not have great tokenomics and great user experience like what @splinterlands had. I think overall it is a good time to promote ourselves more on Twitter.
!PIZZA
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I forgot about dbuzz, it's a great little project but the community on Hive is pretty stuck on Long Form essay style communication. will be hard to get people on board.
Splinterlands is rocking it and has a real project. They've done well.
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@dbuzz should focus more on newcomers to HIVE who are not very likely to be into writing long form content. At least I'm having a great time with the project and try to use the DAPP at least once a day to help with DAPP user statistics.
!PIZZA
DBuzz also posts to the top line, meaning a blog post. That is a drawback.
#ProjectBlank is going to use Custom JSON posts so it will not affect feeds or autovoters.
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I had some Doge during the Elon’s initial shilling, I don’t mind buying extra for the gains. Can’t tell if Twitter will remain the same again, but I am here for the ride
Any changes in my opinion will be on the fringe. He might end a lot of the banning but outside that, not sure a great deal more will take place.
Either way, it is up to us to keep building and expanding what we are doing.
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He might also implement holding crypto as a means of verifying ones Twitter account. Micheal Saylor has also been pushing for this
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Not sure how that would work since a crypto account has a degree of anonymity to it.
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Yeah, I don't pretend to know either, but honestly.. I'm not that invested, nor is anyone else after the purchase goes through. Which will also be interesting.
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There are those still referring to Doge as a meme coin. The dynamic changed some time ago. Doge is an investment in Elon. In a similar way that MicroStrategy is an exposure to BTC... buying Doge is indirectly investing in Elon. It has reached that point.
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I keep going back to the fact that saying you're censorship-resistant is completely different to being technically censorship-resistant.
Twitter under Elon is the first and will ultimately be compromised in the end.
All roads lead to Hive.
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I don't think people want to talk about child porn, I think they want to talk about how they feel about vaccines, and to read the ER doctors who have opinions on such matters, but time will tell.
I do believe in community standards, but not politically charged ones.
We have the same issues on Hive though.. I hope it is good for Hive
Bold claim. Hope it comes true.
Roll out #ProjectBlank and lets go to battle.
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The drama is fun but I don't really have any DOGE. I am glad that Elon will restructure Twitter because it should be a better place afterward. I do wonder if there will be censorship or what his true view of the public square is.
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Completely free speech can go too far, some standards are needed I think, but I'm very curious how he approaches it and how people react.
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The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
Twitter is now home to free speech, unless you speak poorly of DOGE.
Then the ban button comes back in.
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That's hilarious and another point he is making is verify humans, I hope there isn't kyc in that. lol, interesting path ahead, but whether you love Elon or hate him it should be interesting
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Every twitter user will have to have a DOGE wallet with at least $3 worth of DOGE in it.
That is one way to stimulate buy demand.
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Frankly, I'm glad Elon bought Twitter. I would also like him to buy 100% in the future.
Also, I saw on Twitter that you bought the doge a few weeks ago, and then I bought some too. Your guess is pretty good. Thanks.
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Well, we shall see I think in the early stages everyone imagines what they want. As time goes on.. should be interesting
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LOL i didn't thought about that, if people on twitter can receive BTC, we would probably see the same thing with DOGE haha
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Yeah maybe doge tipping or at least doge marketing? Who knows.
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I would think he implements it. After all, Musk is a DOGE fanboy.
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I don’t know how all this might play out for crypto but i which it help hive and leo finance in positive way.
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It's a possibility, but I don't see the twitter experience and the hive experience being very closely related.
Not sure there is any impact. This is a Web 2.0 platform being bought out. We might see some crypto implemented but that is it. Still Web 2.0.
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0.1$ is a pretty good entry price for Doge. If anything, it’s up from here or down. Lol. But then again, there’s Shiba inu, which is also super influenced by Elon.
Who knows.
Funny I saw your tweet way before the acquisition announcement. Nice call.
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Yeah, I forgot about Shiba.. Also a good idea.
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I think it’s actually bullish for the entire crypto, Elon has always been an advocate for Bitcoin. Do you remember the Bitcoin talk that happened with Jack Dorsey and Cathie Underwood?
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Lets get Hive on his radar.
Actually lets force him to incorporate HBD for tipping.
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no matter what, it's going to be interesting and entertaining!!!
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Elon loves to stir the pot!
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It is never boring with Musk.
And it is usually profitable.
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I mean I'm still glad I sold a bulk of my Doge back when it was 0.07 lol would knew it would go up to the price it is now. At that time a pretty much worthless token to $0.07 was HUGE.
I don't see how Doge would get added to twitter other then some form of tipping perk which I feel no one would really use. It would have to be a rewards type system such as LEO has but I personally don't see that happening. Feels like just some over hype once again.
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You are making my point on it not being a long term hold, but rather a speculation buy, which I will sell!
Tipping doesn't inspire anyone and is rarely used. Dan used to talk about this in the early days and part of the reason they used inflation to rewards content in the original plan
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My thought was yesterday evening: I am gonna buy Doge in the morning. Well I should have reacted sooner.
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The old investing strategy is when you decide to buy, buy. When sell, sell.
Follow the decision with action, no dithering around.
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Yes I should have done that, but somehow buying Doge still fills me with anxiety 😂
Well for me the decision not to buy DOGE happened long ago.
And that has not changed.
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I was very keen to get in on Doge but tbh I could have made some money in these small swings. The way elon is promoting doge I do have high hopes for doge but there are other good background tokens/coins to meddle with. I can as well say, Elon is too much to handle lol
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The Tesla (TSLA) stock fell a lot in the previous few days. Currently it is sitting at $881.51 USD. The investors of Tesla are worried that the buying of the Twitter is bad for Tesla. Many of them are not sure how Elon Musk will cover this transaction financially. Probably this Tesla (TSLA) price fall is just/only temporary, but we will see where this goes.
If Mr. Musk looks at a platform for a free speech, he must look at Hive blog ;)
$WINE
I would guess it isnt even on his radar.
The best we can hope for is the shadow ban is lifted on Twitter. That will be a big step forward.
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Let's wish he means a system that might work in the decentralize nature. Otherwise, it might end like how STEEMIT does!
$WINE
Cheers~
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Congrats on foreseeing and capitalizing on the DOGE hike.
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With this development, I just cannot wait to see and how feel how uncensored Twitter looks like . Will speeches really be free? Can’t wait to find out .
Been holding Doge for more than a year now, this feels like good news nice.
I can’t wait to see how Twitter is gonna change with the new management. Come to think of it, Twitter has always been a brutal app but now with no restrictions I wonder..
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That one is really paying off for you it seems. Remarkable how it has changed.
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Smart move on #DOGE though, was kinda obvious (everything seems obvious once it happens, LOL).
On the other hand, I don't think the price of #Doge would fall significantly if Elon failed to buy Twitter.
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That's what I thought too, it's likely to move with the market and IF Elon does something with it. .. that's cool too.
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Markets do what they will. But DOGE is well positioned now with Elon being such a fan. He staked his wagon to that one and he has the ability to create use cases.
We simply have to do that on Hive.
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Oh, I love the drama! 😂 Neither love him or hate him, just admire him for making such a smart move and being so much different than other billionaires.
Btw good move on the Doge! ✌️ Elon has the power to pump it 10x with just one tweet.
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Also, one thing's for sure. It's not about free speech at all. There's definitely something else cooking.
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Yikes, yet none of that came up on my feed at all!
I don't use that word, and I don't appreciate those who do in any form with or without the R.
However, it is a word and you can see it anywhere you are looking for it.
I am not looking for it and I will manage my feed to ensure I don't see it often.
I'm going to guess the liberals and trolls are protesting by saying the bad word.
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yeah, just looked obvious trolling for attention. Just block them and move on.
I guess they still ban idiots though, regardless of the whole "free speech" thingy.
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Good!
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