GameStop and Twitter are both a mirage and an iceberg — but don’t try tweeting that. Not because you won’t own the tweet (because you won’t), but because the only completely true expression that Twitter is capable of delivering as a platform is unlocking the ugly truth about the internet itself. Or as Elon Musk recently tweeted:
In retrospect, it was inevitable
— Elon Musk (@elonmusk) January 29, 2021
Let me explain.
In the midst of Robinhood halting trading for its supposed users, Jack Dorsey has been talking about decentralizing Twitter and social media in general. But other than a few enthusiasts, the word “decentralization” is the equivalent to syntactical Ambien. But don’t fall asleep just yet. I promise I’m not going to tell you to buy Bitcoin (BTC), but I am going to tell you why you should be able to own part of the next Twitter and Robinhood. First, let’s say what we all clearly feel.
The decentralization has begun
There is something… in the air. There is a palpable electricity. A levy is about to burst — not a literal one, but a symbolic one that has stopped the river of progress and equality from flowing in far too many areas of our world. Power has always been held by the few, and in all of these areas, the equality of power is now at stake.
People are starting to move from centralized power models to decentralized ones, moving from the few holding all of the power to the many sharing in it. When this dam bursts, there will be a massive shift where everyone involved will become more powerful while the most powerful among us will start to become less so. A leak has already begun. It is the dawning of the new power.
Jeremy Heimans and Henry Timms, authors of the bestselling book New Power: How Power Works in Our Hyperconnected World — and How to Make It Work for You, describe the situation in a 2014 article:
“Old power works like a currency. It is held by…