Charles Hoskinson Wants Elon Musk to Make Cardano His Plan B If His Aim to Acquire Twitter Fails

Charles Hoskinson, the CEO Input Output Global (IOG), has recently suggested that Elon Musk, the founder of the electric car manufacturing company Tesla, should make Cardano his plan B if his intention to acquire Twitter fails.

Hoskinson made his intention known via a tweet that has since gone viral. In the tweet, the mathematician said he’s happy to build a decentralized social media with the popular tech expert.

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

As expected, Hoskinson’s suggestion was criticized by many crypto community members. According to Douglas Horn, the chief architect of the Telos blockchain, such a project should be expected in 2035. Another user joked that the platform would only be able to send 10 messages per minute.

As earlier reported, Musk offered about $41 million to buy Twitter, in a bid to transform the microblogging social media into a platform for free speech across the globe. Before the notable move, he had bought a 9.2% stake in the company.

Musk’s idea to buy Twitter is not without criticism. The fact that he has used the same platform to intimidate, troll, and harass people initiated lots of controversies.

Many people, including Dogecoin co-founder Jackson Palmer, argue that the centibillionaire does not deserve to be called a free speech messiah, believing that his real motive is to get back at the United States Securities and Exchange Commission (SEC).

As widely known, Musk’s tweet has to be preapproved before publishing. This is part of his settlement with the U.S. regulator. So, this can simply be attributed to his plan of taking over the platform.

It’s not certain whether Musk’s plan to take over Twitter will succeed. However, he claims that he has a Plan B. According to reports, the firm’s board is not willing to accept his offer.

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Tobi Loba

Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.