FTX CEO Bankman-Fried Wants to Fix Social Media With Blockchain

It is well-known that cryptocurrency billionaire and FTX Chief Executive Officer Sam Bankman-Fried wants to give away his entire fortune. Next on his agenda is fixing social media’s “broken model” through blockchain technology.

“What is the moderation policy for all of social media -- it’s like three guys? It’s the people who run three companies who choose what does and doesn’t get censored. That’s a broken model,” Bankman-Fried said in an interview with Bloomberg TV.

WATCH: FTX CEO Sam Bankman-Fried explains how he wants to fix social media’s “broken model” through blockchain technology.

Source: Bloomberg

Much like Tesla CEO Elon Musk, Bankman-Fried thinks censorship is a major issue. Creating a system in which social media platforms could each ...