The Founder of Cardano (ADA) has invited Tesla owner and billionaire, Elon Musk, to work with him in developing the first decentralized social media platform. Charles Hoskinson, who also doubles up as the CEO of Input-Output Global is offering to help Elon Musk achieve his goal of free speech on social media.

The news follows Elon Musk’s acquisition of a stake in Twitter last week. The Billionaire bought 9.2% of Twitter, estimated at $2.89 Billion, and was even offered a seat on the micro-blogging site’s board. However, after deliberations, Elon passed on the offer since it would bar him from owning beyond a certain threshold of Twitter’s shares.

Free speech advocate

Elon Musk is on record for being a passionate supporter of free speech and open internet policies. He has in the past openly accused Twitter of muzzling free speech and open internet use. He recently held a poll that indicated that most users would prefer an edit button on Twitter and said that if he is not allowed to acquire the platform, he would have to reconsider his position as a major shareholder of Twitter.

To actualize this cause, he has offered to acquire the platform for a reported fee of $43 Billion in cash. This intended acquisition has left his critics and supporters talking and would go a long way in helping him bring much-needed changes to Twitter. His intention has however come under fire with his critics, including Dogecoin co-founder, Jackson Palmer saying that Elon Musk is planning a hostile takeover of Twitter. 

Hoskinson’s offer to Elon Musk

Upon seeing the opposition against Elon Musk’s plan, Hoskinson wooed Elon to join him in creating a decentralized social media platform. He tweeted:

“@Elon if Twitter rejects your offer, then hit me up. Happy to build a decentralized one.”

This offer follows Elon Musk’s Twitter poll where he sought the opinion of his 80 million followers about a decentralized social media platform. He posited that were he to be barred from acquiring Twitter, he would establish his decentralized platform that would be founded on free speech and open internet.

Elon Musk’s campaign for free speech and open internet has not been welcomed by all. Some of his critics have argued that coating his move with good intentions, his true intention is to get revenge against the SEC for muzzling his Twitter activities.

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In a surprising turn of events, Tesla CEO Elon Musk has declined the offer to join Twitter’s board. After a week of anticipation and memes, the CEO of Twitter, Parag Agrawal, has shared a post letting people know that the billionaire will not be joining Twitter’s board of directors after all. This came as a surprise to so many especially because Elon Musk seemed to be somewhat excited to attend the first board meeting in the past week.

Elon Musk is Twitter’s Largest Shareholder

Barely a week ago, Musk became Twitter’s largest shareholder when he bought nearly 10% stake of the social media giant. Parag Agrawal took to Twitter to welcome Musk to the company and shared that they’re officially appointing him to the board. Former CEO of Twitter, Jack Dorsey, also welcomed the Tesla CEO and expressed his joy over him joining the company and teaming up with Agrawal adding that he believes the duo is exactly what Twitter needs right now.

Since then, memes and jokes have been flying on Twitter over Elon Musk’s first board meeting, one in particular shared by the billionaire himself. Most of these memes show enthusiasm for the appointment. Musk has been actively showing interest in the things he wants to change about Twitter. Like the fact that most of the platform’s biggest accounts rarely tweet and that he wants to include an ‘edit’ button and make a few changes to the ‘Twitter Blue’ feature by integrating Dogecoin as a payment method for it.

He shared an idea that suggests Dogecoin be used as a payment method for people to purchase Twitter Blue, a feature that makes an ‘edit’ button available to a tweet for a few seconds after its sent. The tweet came as a response to a Twitter user who asked Musk to make Twitter Blue cheaper than $3 for Argentinians as the amount is really expensive in their currency. Musk replied “Yes, should be proportionate to affordability & in local currency” and then added, a couple minutes later, “Maybe even an option to pay in Doge?” 

Elon Musk Declines to Join Twitter’s Board

After all these, you can see why a lot of people are shocked that Elon Musk declined to join the platform’s board. As shared in a post by Agarawal, Musk’s appointment was to be effective starting Saturday morning, April 9th, but the billionaire has shared, on the very same morning, that he will no longer be joining the board. Agrawal added that whether or not he’s on the board, Musk’s opinions and inputs will still hold value as with all their other shareholders.

This news comes two days after Musk, Jack Dorsey and Adam Back collaborated to launch a solar-powered Bitcoin mining facility in Texas. CNBC shared that the facility is to be finished later in the year. Adam Back’s Blockstream will be in charge of supplying the mining equipment as well as the facility’s engineers, and providing reports on the project’s progress.

Elon Musk has shared several posts about the facility. Although he is yet to post anything about his rejection to join Twitter’s board. It has been 48 hours since he last tweeted anything and I am sure a lot of people are eagerly waiting to hear from him. 

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Billionaire Elon Musk has yet again made headlines as the Tesla and SpaceX CEO recently bought a 9.2% stake in social media company Twitter.

According to the new SEC Filing, Musk holds 73,486,938 shares in Twitter, representing nearly a 9.2% worth of passive stake in the company, which makes him one of the biggest shareholders of the platform.

Musk Buys 9.2% Stake In Social Media Company Twitter

According to the Securities and Exchange 13G Filing shared on Monday, Musk has acquired a 9.2% stake in Twitter which is worth $2.89 billion. The particular investment has made Musk one of the biggest shareholders of the platform.

Previously, Musk had organized a survey poll on Twitter, asking his followers to provide insight on whether the social media company adheres to the principles of free speech.

Since the majority of people responded no, the Tesla CEO had stated that he was giving some “serious thought” to launching a platform of his own.

Musk acquiring a stake in Twitter has significantly impacted the prices of its shares, which have surged a striking 27% after the SEC 13G filing was revealed on Monday. The filing also shows that the purchased Twitter shares are held by Musk’s Revocable Trust, of which he is the sole trustee. Moreover, the surge in shares added $8.38 billion to Twitter’s market cap, which currently sits at $40.8 billion.

Musk is known as an ardent Twitter user and has always utilized the social media platform to openly voice his opinions on critical matters. Moreover, the Tesla chief boasts a following of 80 million followers, making him one of the biggest tech personalities on Twitter.

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The top right-hand man of Warren Buffett’s Berkshire Hathaway company, Charlie Munger, recently dropped a provocative bombshell on the crypto world, after likening the frenzy around bitcoin and altcoins adoptions to “venereal disease”. A disgusted Charlie, during a Q&A session at the LA-based Daily Journal Corp, openly blurted:

“I’m proud of the fact that I avoided it. It’s like some venereal disease. I just regard it as beneath contempt. Some people think it’s modernity, and they welcome a currency that’s so useful n extortions and kidnappings [and] tax evasion.”

Charlie, a 98-year-old billionaire who has remained an unflinching critic of the developments around cryptocurrencies, spared no horses in expressing, once again, his disgust for the hype and growth around cryptocurrencies. In the footsteps of his boss, Warren Buffett, who once referred to cryptos as rat poison, Charlie once again riled up the crypto Twitter community, provoking an avalanche of reactions that relegate his opinions on crypto to the realm of obsolescence.

Of all comments posted, Elon musk’s was widely received as the Tesla techno King walked Charlie Munger down memory lane to a one-on-one conversation in 2009, on how his verbal pessimism over the concept of Tesla almost drained Elon of the enthusiasm needed to kick-start Tesla.

By Elon’s tweet, observers have deduced the tendency for the veteran investor to be on the wrong side of history with crypto. Mungo’s reiteration of much ill news that has beclouded the use of cryptocurrencies—which is not uncommon to the case for fiat currencies—goes to show the demography that has backed bitcoin over the past few years are well above Munger’s peers.

But a cursory look at the books of Berkshire Hathaway where Munger had served for 44 years, shows how, contrary to voiced opinions, it may rethink its perceptions about crypto investment. The latest $1 billion investment in Brazil-based mainstream bank Nubank has shown that Warren Buffett is ultimately interested in reaping reasonable gains from companies that are attuned to modern innovations not excluding cryptocurrencies.

Nubank in May last year gained the Bitcoin ETF issuing company, Eazynvest, to capture crypto investors across Latin America. By proxy, Buffett can be called a crypto-investor, having financed the growth of Latin America’s biggest bank towards Fintech and crypto services. 

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Elon Musk spiked the price of Dogecoin by 3% after tweeting that SpaceX will take the meme-themed cryptocurrency to the literal moon.

“SpaceX is going to put a literal Dogecoin on the literal moon.”

Traders often use the term “to the moon” when expecting prices of a certain stock or digital currency to surge.

Elon Musk is a self-appointed Dogecoin and Bitcoin advocate and frequently tweets witty statements about the Japanese dog Shibu Inu, the central appeal and logo of the meme-themed cryptocurrency. The last time tweeted about Dogecoin was in mid-March:

“I’m getting a Shiba Inu #restistanceisfutile.”

The tweet also comes a month after Elon tweeted a meme of a Shiba Inu standing on the moon in a spacesuit while holding a Dogecoin flag, followed by the words, “literally” and “on the actual moon.”

Elon Musk and Dogecoin

Elon’s ability to influence bitcoin and Dogecoin’s price actions by merely tweeting about it has been both acclaimed and criticized for boosting crypto adoption and hindering mainstream acceptance, respectively.

Dogecoin has a total circulating supply of 129 billion Doge and an undefined maximum supply, unlike Bitcoin. Analysts including Binance CEO Changpeng Zhao have warned investors against exposing themselves to assets with infinite amounts of supply.

However, Elon’s influence and Dogecoin’s price action in the past 6 months have inspired its developers to revamp its development. Speaking during an interview, Dogecoin’s lead developer Ross Nicoll said the team is working to make changes to Doge.

“People say it’s a joke coin but we’re very careful to take care of the code. When it took off there was a resurgence in attention and we want to keep the currency operational.” 

SpaceX was founded in 2002 with the goal of reducing the cost of space transportation by using relaunchable rockets to enable the colonization of Mars.  The company’s first commercial trip around the moon on its Starship rocket will take place in 2023.

Elon Musk previously said that he is highly confident that SpaceX will have reached orbit many times with Starship before 2023, and that it will be safe enough for human transport by 2023.

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SpaceX– Elon Musk’s aerospace company, just launched two NASA astronauts into space. SpaceX is a privately owned American aeronautic manufacturing and space exploration technologies corporation, founded sometime in 2002 with the primary intention of revolutionizing space technology and promoting the emigration to mars through reduced space transportation cost. SpaceX group, an enterprise spearheaded by one of the most innovative minds of our times, has introduced a new age of human spaceflight in the United States. The project codenamed ‘Crew Dragon Mission’ was the second attempt by the company to launch spacemen into the orbit, over the last two decades – as the first attempt from three days ago was canceled a few minutes before take-off due to stormy weather.

This most recent development is part of NASA’s Artemis program. It comes as a relish to NASA and SpaceX since the automated spacecraft manufacturer was sanctioned by NASA barely two weeks ago to develop a lunar optimized Starship that would transport its crew between the lunar orbit and the surface of the moon. The two astronauts involved in this record-breaking venture are; Bob Behnken and Doug Hurley – both of whom are NASA veteran space travelers.

NASA astronauts Doug and Bob lifted off circa 15:22 UTC on Saturday, 30 May 2020, from Kennedy Space Center on Merritt Island, Florida – which happens to be the same launch pad used to send the Apollo astronauts to the moon fifty years ago. Notably, the launch of the SpaceX aero flights – Falcon 9 rocket and Dragon crew capsule, from Florida’s Kennedy Space Center to the International Space Station (ISS) marks the first time in 9 years since a spacecraft has been launched from American soil and also the first time a private company has done it.

The NASA astronauts have successfully arrived at the International Space Station. In attendance to witness the event in Florida was President Donald Trump, Vice President Mike Pence, and the SLOTUS – Karen Pence of the United States of America.

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Just recently, the CEO of SpaceX – Elon Musk took to Twitter to reveal his current holding of Bitcoin. The conversation ensued during an effort to educate British author and film producer – J.K. Rowling on the subject of cryptocurrencies. Following a tweet originally referred to CoinDesk’s senior reporter – Leigh Cuen by the Orator of the Harry Potter fiction on Saturday, for an explanation to bitcoin’s operability.

J.K. Rowling subsequently received Musk’s reply among several others from Bitcoin’s advocates and cynics alike; such as the co-founder of Ethereum and Bitcoin Magazine– Vitalik Buterin, among many others. Notably, the author’s tweet drew some attention to the tune of 2,800 replies, as at the time of writing.

Furthermore, the co-founder and CEO of Tesla, Inc., emphasized that the bulky issuance of currencies by the central banks of various economies is making the digital currency – Bitcoin, more solid in juxtaposition to fiat. Musk also went on ahead to convey his views towards digital money as being positive, even though he currently owns a quarter of a Bitcoin as stated in his tweet that reads;

“I still only own 0.25 Bitcoins btw.”

Yet, Cuen replied Rowling with a reassuring statement while providing her with guides to sample use-cases of Bitcoin. Cuen stressed this in a tweet with the message;

“Hi! My D.M.s are open if you want to chat w/out onlookers. The very short version is: Bitcoin is money fueled by a community of contributors. There is no king or central bank in charge. There are countless stories we can use to explore the ethics of a world w/global currency.”

Albeit, Rowling expressed her discontent with regards to the explanations she received, as her curiosity rapidly became debased by the myriad of responses she received. She disclosed her uneasiness towards the topic in question – with a bit of sarcasm while tweeting the following;

Another noteworthy reply is that of Vitalik Buterin, who added that;

“It is a digital currency. There’s ~ 18m units of it. It is not backed by anything, it’s just valuable because it is, like collectibles. There’s a network of computers (which anyone can join) that maintains a decentralized global excel spreadsheet of how many coins each person has.”

Although, Rowling might have admitted being woozy before publishing these tweets, however, her views on the digital currencies and Bitcoin are unlikely to change when she becomes sober or in the foreseeable future.

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