Open Protocol Business Potential
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The discussion centers on transforming Twitter from a centralized platform into an open protocol system, similar to email, which would enable innovation and consumer choice in social media messaging.
Key Points:
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Protocol vs Platform Structure:
- Transform Twitter from single-company ownership to an open messaging protocol
- Similar to how email works - no single company owns the email protocol
- Would function as a global short messaging internet protocol
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Consumer Benefits:
- Users could choose different client interfaces
- Ability to select preferred algorithm settings
- Option to filter content (e.g., political content filtering)
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Business Innovation Potential:
- Companies could build and innovate on top of the protocol
- Multiple companies could create different user experiences
- More competition and choice in the marketplace
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Current Challenges:
- Not logistically possible with current Twitter structure
- Easier to implement in a new platform than transform existing one
- Jack Dorsey's Blue Sky project attempting similar concept, but progress uncertain
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Market Reality:
- Building new social platforms is extremely difficult
- Very few successful social platforms exist (mentioned: TikTok, YouTube, Facebook, Instagram)
- Historical success rate is very low despite many attempts
14:02 - 16:17
Full video: 42:25SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.