Sam Bankman-Fried understands Elon Musk. The cryptocurrency billionaire, proprietor of the FTX alternate platform, gave an interview to Bloomberg TV by which he mentioned that social networks have a “damaged type” that may be repaired the use of block chain generation (basic to the business). of NFTs and cryptocurrencies). In keeping with the 30-year-old , the issue is within the moderation insurance policies of the networks: “What’s the moderation coverage for all social networks? Are they prefer 3 sorts? It’s the individuals who run 3 firms who select what what will get censored and what does not. That is a damaged type… We noticed a social community select to not censor incorrect information in 2016 and were given burned for that call, then we noticed them select censorship in 2020 and get roasted for that call.”
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In keeping with the businessman, the issue with the networks is that all is unbiased of the opposite, even if they belong to the similar corporate like Fb and WhatsApp, which can be a part of Meta: “There is not any risk of seeing a tweet on Fb. In case you ship a message any person on Fb, even WhatsApp cannot learn it, being from the similar corporate. It is a in reality messy device the place there is no interoperability between the other platforms.”
For Bankman-Fried, the usage of blockchains may just remedy the issue or even inspire festival: “You place the real underlying messages immediately at the blockchain. What that suggests is that any platform may just, in idea, get admission to those self same units of messages. So whether or not you might be the use of Fb, Twitter or another platform… they are all in response to all of the messages… They’d be other interfaces dwelling in the similar universe.”
A couple of weeks in the past (ahead of purchasing stocks of Twitter and launching a campaign to take regulate of the social community ), Elon Musk printed a submit wondering whether or not the platform “adhered to the rules of freedom of expression.”
Requested by way of Bloomberg TV interviewers if he had already spoken with Elon Musk about his proposal, Sam Bankman-Fried answered: “I have never spoken immediately with Elon about this, however I might be excited to.”
