Bankless ROLLUP: Elon Buys Twitter | Free Speech | Optimism Airdrop | Moonbirds NFTs | OpenSea Gem
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Apr 29, 2022 The hosts dive into Elon Musk's shocking acquisition of Twitter and its implications for free speech, while reflecting on the irony of a significant ban on the same day. They discuss cryptocurrency market trends, including surprising resilience against a rising dollar. The explosive growth of ENS domains signals a new wave in NFTs. Fidelity's move to include Bitcoin in 401ks hints at mainstream adoption, and innovations like Stripe's USDC payments redefine finance. The conversation also touches on emerging challenges in the NFT space and the impact of community dynamics in crypto.
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Twitter's Irony
- Elon Musk bought Twitter to promote free speech, ironically banning Stani Kulechov the same day.
- Stani joked about being Twitter's interim CEO, suggesting Web3 integrations like ENS and Lens Protocol.
Own Your Social Media
- On social media, users don't own their followers; platforms have private property rights.
- Web3 social media can flip this, empowering users with ownership and promoting platform competition.
Optimism's Governance
- Optimism's Collective governs via a bicameral system: Token House (short-term) and Citizen's House (long-term).
- The Citizen's House, using soulbound NFTs, governs retroactive public goods funding, a novel concept.