Cointime

Download App
iOS & Android

Elon Musk Asks if He Should Quit Twitter and Bitcoiners Put Forward Their Candidates

Validated Individual Expert

Elon Musk asks if he should quit Twitter and bitcoiners put forward their candidates.

Elon lost a poll to find out if the community wants him to remain CEO of Twitter, while bitcoiners evaluate candidates.

More than 17 million people participated in a poll in which Elon Musk asks users’ opinions on whether he should step down as Twitter chief and nearly 60%, including many bitcoiners, respond, “yes, go away.”

Musk had said before publishing the poll “I will abide by the results”, so, in a possible scenario Elon will remain the CEO of Twitter for an additional time, at least until he gets a replacement.

The billionaire who currently owns the micro-messaging network after becoming its majority shareholder last April has not commented since the poll closed. However, some bitcoiners are already proposing candidates to replace him.

Some are putting forward Edward Snowden, he was the one who revealed to the world, in 2013, the reality about the “collection” of data by the National Security Agency of the United States.

Others prefer Twitter to be back in the hands of Jack Dorsey, but ultimately many in the Bitcoin community are calling for the election of a CEO who understands the cryptocurrency ecosystem.

For the past decade Twitter has been used by bitcoiners as their preferred social network to share or debate ideas and, in many cases, report important stories.

In fact, some thoughts shared by developers and members of the ecosystem, are considered of high historical value.

Bitcoin community calls for a bitcoiner to be head of Twitter

The Twitter account of the late Hal Finney is one that the community considers valuable. This account was “resurrected” after lying dormant for more than a decade.

Hal’s wife, Fran Finney, does not want the ideas shared by the first man to operate a Bitcoin network node to disappear forever, having received the software directly from Satoshi Nakamoto.

In any case, when Musk acquired Twitter, he said he wanted to “ try to help humanity” and that “civilization would have a digital square”, but his plans are not going well, as only 42.5% are against his resignation.

There have been a number of controversial changes at Twitter since Musk bought the social networking site. First he fired about half of his staff and then was criticized for his approach to how content should be moderated on the micro-messaging network.

Here come the Human Rights Groups… again..

Recently, advocates for human rights groups have singled him out for what they call “dictatorial behavior.”

Among other actions, they criticize him for having closed the Twitter accounts of some journalists who cover social media-related news, as well as that of several users who have shared news from Mastodon, a decentralized social network that rivals Twitter.

In this regard, the UN tweeted that freedom of the press “is not a toy”, while the European Union threatened Twitter with sanctions.

It is worth to mention that both entities (UN & European Union) were OK when shutting down thousands of Twitter accounts of people who objected covid mandates and anyone who said anything online against the narrative.

Yet another decentralized social network

Meanwhile, Jack Dorsey, former CEO of Twitter, donated 14 bitcoins to the decentralized social network Nostr.

The project is seen by developer William Casarin as a communications layer that matches the Bitcoin economy and as an initiative that contributes to the evolution of the Internet.

Nostr itself is a protocol, developed by Fiat Jaf, which does not rely on a central trusted server.

Comments

All Comments

Recommended for you

  • 38,244.04 DMD Permanently Burned in the Past 7 Days

    On June 25, 2026, the latest on-chain data from DMDAO revealed that a total of 38,244.04 DMD has been permanently burned through the established transaction and wealth management burn mechanisms over the past 7 calendar days.

  • BTC Falls Below $60,000

    Market data shows that BTC has fallen below $60,000, currently priced at $59,954.84, with a 24-hour decline of 4.19%. The market is experiencing significant volatility, so please ensure proper risk management.

  • ETH Drops Below $1600

    Market data shows that ETH has fallen below $1600, currently priced at $1597.55, with a 24-hour decline of 3.81%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Billionaire Philippe Laffont Prefers Investing in Space Over Bitcoin

    Philippe Laffont, founder and portfolio manager of Coatue Management, stated on the Squawk Box program that he is currently unable to determine his stance on Bitcoin. He mentioned that he is rethinking Bitcoin's positioning and expressed a preference for investing in space over Bitcoin. (thestreet)

  • Tech Giants' Data Center Leasing Commitments Exceed $850 Billion

    On June 24, an analysis by Bloomberg of regulatory filings revealed that as tech giants compete to expand their server clusters, the total amount of future data center leasing commitments by large cloud computing companies has continued to rise over the past year, surpassing $850 billion. Last quarter, Meta added leasing commitments of $79 billion, a 76% increase from the previous period; as of March 31, the total reached $182.9 billion. Meta CEO Mark Zuckerberg has stated that the company plans to invest hundreds of billions of dollars in AI infrastructure by 2030. Microsoft followed closely, adding over $41 billion in leasing commitments, bringing its total to $196.6 billion.

  • Address with $34.61 Million Long Position in 21,000 ETH Faces $1.696 Million Loss at 18x Leverage

    According to on-chain analyst Ai Yi, a certain address took a long position of 21,000 ETH with 18x leverage yesterday, amounting to approximately $34.61 million. Currently, it is facing an unrealized loss of $1.696 million, with an opening price of $1,728.5 and a liquidation price of $1,590.1.

  • U.S. 10-Year Treasury Yield Falls to 4.4138%, Lowest Since May 11

    On June 24, the yield on U.S. 10-year Treasury bonds fell to 4.4138%, the lowest level since May 11. The yield on U.S. 30-year Treasury bonds dropped to 4.8572%, the lowest since April 15.

  • Crypto Market Liquidations Reach $134 Million in the Last Hour, with $125 Million in Long Liquidations

    According to CoinGlass data, the total liquidation amount across the network in the last hour reached $134 million, with long liquidations accounting for $125 million and short liquidations amounting to $8.539 million.

  • BTC Falls Below $61,000

    Market data shows that BTC has fallen below $61,000, currently priced at $60,986.03, with a 24-hour decline of 2.88%. The market is experiencing significant volatility, so please ensure proper risk management.

  • International Oil Prices Plunge as U.S. Oil Futures Fall Below $70

    On June 24, international crude oil prices continued to decline, with U.S. WTI crude oil futures falling below the $70 per barrel mark during trading, down 4.4% for the day, reaching a new low since March 2, and reverting to levels seen before the outbreak of the Iran conflict. Brent crude oil futures for August dropped 4.5%, settling at $73.6 per barrel. Market expectations of easing tensions in the Middle East, a recovery in Iranian oil supply, and rising interest rate expectations due to U.S. inflation have pressured oil prices.