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Whatever the “everything app” turns out to be, it may involve a return to Musk’s roots of offering some form of digital payments, in addition to Twitter’s messaging functions.Īnd if Musk manages to seal the Twitter deal, X.com will likely play a part in the next version of the company, possibly as the company’s new name, realizing a dream that has been in relative stasis for 23 years.Watch the recordings of the Visual Studio 2022 launch event to learn about what's new, hear tips & tricks, and download free digital swag. However, a few weeks later, on April 25, Musk wrote, “Blockchain Twitter isn’t possible, as the bandwidth and latency requirements cannot be supported by a peer to peer network, unless those ‘peers’ are absolutely gigantic, thus defeating the purpose of a decentralized network.” Changing Twitter’s name would allow Musk to take ownership of the company in a different way You have to pay a tiny amount to register your message on the chain, which will cut out the vast majority of spam and bots,” Musk wrote in a text message on April 8. “I have an idea for a blockchain social media system that does both payments and short text messages/links like Twitter. One idea involved moving Twitter to a decentralized model that might involve blockchain technology. It’s not entirely clear what Musk’s end goal is if he does complete a purchase of Twitter, but some hints arose in the text messages revealed as a result of Twitter’s legal action against him. 4 when asked by another user why he didn’t just start a competing social network on X.com instead of buying Twitter. “Twitter probably accelerates X by three to five years, but I could be wrong,” tweeted Musk on Oct. Elon Musk’s plans for Twitter are bigger than just taking it private In August, a few months after the acquisition process stalled, Musk mentioned the X.com domain as a possible alternative social media platform if the deal fell through.Īnd if there’s any doubt about Musk’s penchant for naming things X, it’s worth remembering that his company SpaceX, his electric car, the Model X, and even one of his children, X Æ A-12, all bear the X moniker in some form. In 2017, Musk repurchased the X.com domain and has since kept it as one of his unused assets.
The entrepreneur has been obsessed with the X.com domain since he launched it in 1999 as an online banking services platform that would later be renamed PayPal. But in Musk’s case, referring to the next iteration of Twitter under his ownership as “X” is meaningful. Usually “x” is used as a stand-in for a name when a person is outlining an example or new idea (e.g. Hilary Swank, Pregnant at 48, Joins Growing List of Celebrities to Conceive Well Into Their 40s The Most Popular Grocery Store in Every State Overwatch 2's Phone Requirement: 'It's Like Being Punished For Being Poor' McDonald's Workers Are Begging People To Stop Ordering Adult Happy Meals You Can't Play Overwatch 2 Right Now Because It's Under Attack “Buying Twitter is an accelerant to creating X, the everything app,” wrote Musk on Twitter. 4, make mention of an “everything app” Musk refers to as “X.” A couple of those tweets, posted in the waning hours of Oct. Elon Musk’s plans to buy Twitter for $44 billion appear to be back on, and as a result, the tech mogul is tweeting about the deal again.
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