At the end of the day, Twitter is a centralized database with front end. Regardless of what is added, everything will still feed into that back end they control.
When news broke about Elon's plan in that regard for Twitter, I saw a joke but it's quite a serious observation: he wants us to link our bank accounts to Twitter when he's just fired all his security staff?
Web 2.0 does not have the built-in safeguards that blockchain has. Even when we were dealing with he-who-shall-not-be-named, the community was able to keep our wallets safe. The birth of Hive is still what I use to explain to people how we are a real community working together here and that gives us power you don't see elsewhere.|
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He is going to set up a financial system that will have to entail a wallet system he creates. The security that he fired was basically worthless anyway as most of the company was.
In the end, he will start with a few hundred hard core software engineers and build a lot of it from scratch. What he cant build he will buy. Expect him to go after some companies like Robin Hood.
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I already don't trust Robin Hood either. 😂
I don’t trust any of em! Lol
Posted Using LeoFinance Beta