Elon Musk considers starting social media network that accepts dogecoin

Billionaire and CEO of Tesla and SpaceX Elon Musk is considering launching a social media network that will accept dogecoin and also have the meme token’s tipping feature.
Elon Musk considers starting social media network that accepts dogecoin
Elon Musk considers starting social media network that accepts dogecoin

Elon Musk has stated that he is “considering” establishing a new open-source social network that supports cryptocurrencies such as dogecoin.

After posting a poll on Friday asking his 79 million followers whether they think Twitter “rigorously conforms” to the ideal that “free expression is important to a functioning democracy,” the world’s richest person floated the idea on his current social network of choice, Twitter.

“The repercussions of this poll will be significant,” he continued. Please vote with care.”

More than 70% of the 2 million responders said no, forcing Elon Musk, the CEO of SpaceX and Tesla, to suggest a new platform.

Failure to adhere to free speech rules significantly damages democracy, given that Twitter functions as the de facto public town square,” he tweeted. “How should we proceed?”

“One that would consist [of] an open-source algorithm, one where free speech and sticking to free speech is given high priority, one where propaganda is extremely minimal,” one follower suggested, to which Mr. Musk replied, “Am giving serious attention to this.”

Any new network, he continued, would have a digital tip jar that supported the meme-inspired cryptocurrency dogecoin.

Mr Musk also addressed another social media platform, responding to a tweet that compared TikTok to “digital cocaine.”

“TikTok feels like such an apparent AI attack that it’s frustrating,” he explained. I’d rather be attacked by AI in a gentle way, with a rose, candles, champagne, Barry White, clever banter, and so on.”

Mr Musk would not be the first big public figure to start his own social media platform if he follows through.

Donald Trump launches his social media

Former US President Donald Trump after being banned from Twitter also launched his own social media platform.

Mr Trump said that his Truth Social platform would “fight up to Big Tech’s tyranny,” but it has been plagued by technical issues since its introduction last month.

The first month of its launch, the reality TV personality was also unusually quiet on his app, neglecting to post anything other than a welcome note.