Musk’s $2.8 Billion Can’t Buy Influencer Status

Sometimes it truly does feel like a high-tech civil war is brewing: regime vs. resistance. [Gilder's Daily Prophecy] April 04, 2022 [UNSUBSCRIBE]( | [ARCHIVES]( Crypto Insiders are FURIOUS About This… Inside this box is the BEST kept secret in cryptocurrencies: [Click here to learn more]( [Click Here to See What’s In The Box]( In fact, the device inside this box is SO powerful… Most crypto investors would prefer that you NEVER hear about it. [Click here to open the box and see for yourself](. Musk’s $2.8 Billion Can’t Buy Influencer Status [Jeffrey Tucker]Dear Daily Prophecy Reader, A remarkable and truth-telling post appeared over the weekend from the former CEO of Twitter, Jack Dorsey. Despite how the platform went to heck under his leadership — presuming he really ever had control — he has done good for the world. For years, he has seemed to object to how his own company was operating. He would defy even his own censors, knowing that they couldn’t really block his own speech. After long battles, he finally resigned as CEO, not in protest or even in expressed sadness but merely to walk away. Most of us had an intuition as to why. He just couldn’t seem to turn the ship around to make it the inclusive and broad platform it was supposed to be. It had become a canned and highly censored venue for official thought, with legions of heretics purged daily, often at the urging of the Biden administration. Jack wrote: “the days of usenet, irc, the web...even email (w PGP)...were amazing. centralizing discovery and identity into corporations really damaged the internet. I realize I'm partially to blame, and regret it.” Such a statement is highly unusual in this world! I share his nostalgia. In fact, I wrote whole books about the glorious consumer-friendly innovations in social media and finance. I’ve not looked back on those books simply because it would be too heartbreaking. The centralization of the platforms, as George Gilder has pointed out, led to their demise. And this is because such platforms are too easily captured by the government. And they have been. It’s the strangest thing to see enterprising companies enter and then stay on the long trajectory to their own extinction. Not even the CEO can stop it. Musk to the Rescue Over the same weekend as Jack’s tweet, Elon Musk revealed what he had been hinting about in the previous week. He threw down $2.8B to become Twitter’s largest single shareholder with a 9.2% stake in the company. This is screen-level capitalist drama and tremendously exciting. As I’ve written before, Musk has established himself as an enemy of the state, opposing lockdowns and mandates and generally refusing to go along with the great-reset agenda. And he has the money and credibility to back it up. Will he somehow manage to save Twitter from itself? I doubt it but so does he. Now the company has to listen to him. He wants access to their algorithms and ban lists. He wants to know how posts get promoted and why posts sink without a trace. He wants to know the how and why of the bans of scientists, philosophers, entrepreneurs, and journalists. The wrecking of Twitter over several years has made a mighty contribution to throttling free speech and debate in the US. This is because Twitter figured out a way to train major influencers to craft their posted thoughts to conform to official priorities. The company even wrote in a protocol that forced users to take down their own posts, as if to shame people into granting Twitter’s control of messaging. It has felt to many people that they were being pressured to lie, sort of like what one would find in a dystopian novel. These weird devices are about to appear all over America According to America’s top tech futurist – dubbed the “Tech Prophet” by Forbes – millions of these strange little devices are about to appear in every corner of our country… including your home. What are they? And why did one tech insider with connections to Apple and Microsoft claim they’ll “rewrite the rules of what’s possible?” [Find out more right here.]( The Agenda Musk has not somehow taken over the company but his influence is suddenly huge, especially since the stock jumped 26% on the news. He will seek transparency. Then he will seek to unban many accounts (my guess). Then he will seek reforms that allow speech on the platform with basic rules that everyone once had, before the days when social media became nationalized by the CDC and the rest. Then he might seek real structural change, moving to a more decentralized model rooted in blockchain ledgers rather than centralized control. This is the dream, in any case. The attempt is certainly worth the effort. I do worry that his big news has created expectations that are too high. He cannot stop the purges…yet. He cannot unban accounts…yet. He cannot upend the company. At best, his influence will introduce a pause. Will he now be blamed for all the tribulations its users face? That would be unfair and yet there are signs that this is already happening. People generally underappreciated the reach and influence of the main players in big tech. It’s well and good that alternatives exist such as Gettr, Gab, Parler, and so on, and all of these are great. But they are nowhere near competing in reach and network power of these legacy platforms. We are talking about factors of 100 or even 10,000 times the reach. Generally, I have been with Gilder in my prediction about how all of this would turn out. These large companies that now rule will gradually fade in importance as more powerful, agile, and decentralized solutions replace them. The newer technologies are more rooted in actual human experience and aspiration whereas the old technologies have been captured in the way that Jack Dorsey describes. Still, between here and there, there could be many steps along the way. What Musk has done here is quite impressive, but also unique. There are not too many people in the world who have both the motivation and the resources to accomplish something like this. If it works, it will be remarkable. If it fails, he can move on to start an alternative. And by the way, and maybe this is obvious, but it is not easy to build new platforms. Trump’s own Truth Social continues to fail for all the reasons I spelled out last time: too many shortcuts, not enough programmers, too much fear, too many trolls, too high an expectation. These platforms specialize in looking effortless but they are anything but. Much Deeper Problems While this is all brilliant and delightful to watch, the real problems are much deeper than one algorithm at one company. The capturing of Big Media and Big Tech by Big Government (and we should be clear here: I mean government as controlled not by politicians but rather the administrative state) is much more far reaching. You can pretty well discern everything you need to know about what this machinery wants for our lives by reading the New York Times. Just yesterday, the Times reminded its readers that the war on dissidents is still on. There will be no apologies for two years of disaster. There will be no admissions of error and guilt. There will be no investigations of the ruling class much less the people and forces behind lockdowns, mandates, passports, and so on. In particular, they ran a vicious hit piece on a great scientist Robert Malone, who has been a real champion of freedom and science. He made mighty contributions to mRNA technology and is well positioned to offer wise critiques of how they have been deployed. Instead, the NYT just flat-out framed him as a purveyor of “misinformation.” That’s it: he is an enemy. No other argument needed. This Will Get More Vicious So here we are with astonishing suffering right now, all over the world and at home too, with inflation soaring, government debt ballooning, lives shortening, kids in a state of crisis, communities shattered, and a vaccine that is not only failing but might in fact be responsible for far more adverse effects than we know. And what does big media do? Demonize the regime opponents. Make them suffer. Intensify the censorship. Urge more purges. Sometimes it truly does feel like a high-tech civil war is brewing: regime vs. resistance. Maybe this has been going on for a lot longer than most people realize. With an economic crisis brewing, and public anger rising on all fronts, we are in for a rough few years ahead. A bright spot here: Musk’s taking control of Twitter gives the world a brilliant example of something we’ve not seen for a very long time. It reveals how great wealth can be used to challenge power to stop doing evil. It’s just a beginning. We need much more of this! Regards, [Jeffrey Tucker] Jeffrey Tucker P.S. ** URGENT NOTE FOR YOU – RESPONSE REQUESTED BY MIDNIGHT TONIGHT** A big change is coming to The George Gilder Report. And as one of George’s readers, this change may have a direct impact on you. What’s going on? As you’re about to see, we’re launching a brand-new level to The George Gilder Report. And as a current reader, we don’t want to see you miss out… That’s why – for a very limited time, until the timer below hits 0 – you’ll be able to upgrade your subscription when you [click here](. Seriously. Just [click here]( now to see how to claim your upgrade offer. [Click here to learn more]( Once the timer hits 0, however, it’ll be too late… you’ll miss out. I’d hate to see you left behind. >> [Click here before it’s too late](. 1992 Book Reveals: The Next Big Tech Obsession Silicon Valley insiders have spent the last 30 years passing a “secret playbook” around their inner circles. 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