Ripple chief technology officer David Schwartz commented on a recent tweet from Elon Musk and talked about what the alleged real reason for Twitter’s recent takeover attempt by the Tesla chief.
Ripple’s senior executive accused Musk of wanting to use the social media giant to “include thoughtfulness in his preferred political speech.”
David Schwartz responded to yesterday’s tweet by the Tesla boss, talking about Musk’s vision of optimal moderation policies for any social media platform.
Recently, Musk offered to buy Twitter for $54.20 for over $41 billion in cash to make the company private. Prior to that, he also tweeted that he was seriously considering launching his own social media platform, suggesting that the world’s richest man may want to expand his influence beyond the fields he currently works in: space, e-cars and internet connectivity.
The majority of people on Twitter seem to support Musk and his attempt to take over Twitter; however, there are many who oppose it, including the Ripple CTO.
Schwartz criticized the idea, while responding to Musk’s tweet that “The policies of a social media platform are only good if the extreme left and right 10% are equally unhappy”:
“This is an incredibly bad policy that works ridiculously badly. It rewards unreasonable people and punishes reasonable people. And if there is one lesson to be learned from economics, it is that people respond to incentives.”
In a later tweet, Ripple’s CTO stated that Musk’s goal was not to create the best environment for free speech.
Schwartz believes, in reality, that Musk, as a major Twitter shareholder, is trying to change Twitter’s moderation policy to gain better conditions for the political thought he supports and a chance of “more maltreatment” for political thought he does not support.
Musk, in a recent interview with Ted’s founder, stated that Twitter has become a global city square and people should be allowed to speak their minds freely there. That was the motivation for buying and customizing the microblogging platform.
Among those criticizing Musk for his attempt to take over Twitter is Dogecoin co-founder Jackson Palmer, who says the Tesla boss is the last person to own Twitter.
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