Parag Agrawal out; Elon Musk in.
With the world’s richest man – and chief Dogecoin enthusiast – now in charge of Twitter, the platform’s biggest crypto influencers are nothing short of ecstatic. Twitter’s new “Chief Twit”, as Musk now refers to himself in his Twitter biohas made its plans for the platform clear.
And the new CEO’s commitment to free speechplus his opposition to permanent ban of usershave proven to be particularly popular in crypto circles.
Coin Center Communications Director Neeraj Agrawal compared Musk’s takeover to Batman villain Gane giving his infamous “Gotham is Yours” speech in the movie “The Dark Knight Rises”,” as they freed prisoners from their cells.
MicroStrategy’s executive chairman (and staunch Bitcoin advocate) Michael Saylor, has also released a series of upbeat tweets on the matter. On Thursday, he shared a cartoon of Musk freeing Twitter’s iconic bird from its cage.
The day before, Saylor told Musk that free speech and citizen journalism could only be guaranteed if Twitter protected users from “the establishment above and bots below.”
Spambots, which are particularly prevalent on crypto-Twitter, are another problem that Musk has promised to combat. Some users have already claimed that crypto-related hashtags are experiencing significantly less spam since Musk’s takeover, although there is no hard data to back this up yet.
Crypto industry heavyweight Binance already has too promised to help eliminate bots from Twitter afterwards support Musk’s $500 million Twitter purchase deal.
Musk was there close calls with industry leaders on how to find blockchain-based and decentralized solutions for Twitter before confirming his offer this year, including with the likes of Jack Dorsey and FTX CEO Sam Bankman-Fried.
Given the industry’s close involvement, Custodia Bank CEO Caitlin Long believes that Musk’s new role primarily represents a development in payment technology.
“Elon Musk’s acquisition of Twitter is all about payments,” she tweeted on Friday, responding to Binance and Twitter’s partnership. “Banks – get ready to be disintermediated by far better payment technology.”
Many groups outside of crypto Twitter is not supportive of the change in leadership, or of Musk’s liberal attitudes about freedom of expression on the platform.
Dogecoin creator Billy Markus thinks Musk’s critics are overdramatic.
“Why are people worried about Elon making Twitter worse, anyway? This place was already a hellish sewer,” he tweeted on Friday.
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