Maybe yes maybe no, by the way it just a plan. Facebook has Libra and maybe Twitter also see new opportunity in crypto, that's good. I see so many company release their own coin but never survive, they look like scammer with brilliant idea collect money and gone. If twitter want to launch a decentralized platform they need learn from facebook experience, as starter use big name they still fail.

It is not that easy to have a "decentralized" platform, it is not easy to actually do anything decentralized. People see blockchain and bitcoin and think anything could be decentralized but what they are wrong is that blockchain is perfect for a currency, it was made for a currency, how the hell would a twitter type of social media platform can become decentralized with absolutely no administration or rules?

People would literally write "I would like to hire someone to kill a person" or something illegal and if it is truly decentralized and not have an owner that person won't have any troubles until figured out who they are. That is not something that easy to manage and I feel it would be quite difficult to build it on technology sense but also impossible for the legal sense.