from Balaji | by Balaji



about 1 year ago

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On the current path, Twitter drops substantially in both revenue/advertisers *and* expenses/headcount. It’s now smaller as a business…but far more independent. Then it can rebuild new non-ad monetization streams. You don’t need that many people to run a modern web service.

It may turn out that necessity is the mother of invention. If the ad-based model is cut off, but a few engineers can keep the site going, you’ll need new ways to provide investor returns while safeguarding freedom. Decentralization is an option.

BNB alone is worth $50B, and @cz_binance is a major investor in Twitter. So the talent and tech are ready. Web3 can decentralize Twitter, protect global freedom of speech, and deliver long-run investor returns in the process. This is a path @elonmusk can explore to replace ads.

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