2 years ago
A biography of billionaire capitalist Elon Musk reveals details astir his engagement successful the Dogecoin task and an thought to motorboat a societal media level based connected blockchain. The book, which should beryllium disposable aboriginal this month, besides mentions a failed effort by erstwhile crypto mogul Sam Bankman-Fried to assistance Musk’s acquisition of Twitter.
Elon Musk Considered Creating Blockchain-Based Social Media Platform With Payments
Tech entrepreneur Elon Musk has been softly backing the improvement of Dogecoin, according to a caller biography of the proprietor of Spacex and Tesla which volition beryllium published connected Sept. 12. The cryptocurrency, which started arsenic a gag a decennary ago, owes a large woody of its popularity to Musk who besides established himself arsenic a crypto influencer.
Elon Musk’s comments astir dogecoin (DOGE) person been suspected of moving its market. In a class-action suit involving the meme coin earlier this year, plaintiffs accused him of insider trading and inflating the terms of the crypto. In precocious March, Musk sought to extremity the $258 cardinal suit, insisting that tweeting successful enactment of dogecoin wasn’t unlawful.
The billionaire had dubbed himself “The Dogefather” successful a tweet promoting a Saturday Night Live quality successful May 2021 portion this twelvemonth helium changed Twitter’s bluish vertebrate logo to the Shiba Inu logo of Dogecoin. He bought the microblogging and societal networking work for $44 cardinal past twelvemonth and precocious rebranded it to X.
In a post connected X this Saturday, Chinese crypto writer Colin Wu, besides known by his grip Wu Blockchain, turned followers’ attraction to an article successful the Wall Street Journal published up of the upcoming merchandise of the “Elon Musk” biography. In the piece, the writer Walter Isaacson provides an excerpt from his work.
Wu Blockchain besides highlighted that Musk considered launching a caller societal media level based connected blockchain that would incorporated payments. The thought came from his brother, Kimbal. According to the quoted text, Elon Musk pondered “half-jokingly” that the network’s outgo strategy could beryllium utilizing dogecoin. In August, helium said that X volition “never” motorboat its ain token.
A failed effort by the discredited laminitis and ex-chief enforcement of bankrupt cryptocurrency speech FTX, Sam Bankman-Fried (SBF), to put $5 cardinal to assistance get Twitter has been besides described successful the biography. In November 2022, soon aft the illness of the crypto trading platform, Musk stated that neither helium nor Twitter had ever taken an concern from SBF oregon FTX. “Let’s conscionable springiness him an big timeout successful the large house,” Musk tweeted successful December, backing a telephone for Bankman-Fried to beryllium jailed.
Do you expect Elon Musk’s biography to uncover different absorbing moments of the entrepreneur’s beingness and career? Tell america successful the comments conception below.
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