I understand that a lot of people view Twitter as stupid, and certainly not worth $1 billion dollars. But step back for a second and look at it this way: For much of this argument, I’m just using “Twitter” the way my colleague Steve Gillmor uses it, which is to say, as a word not tied to one brand but meaning the “realtime web.” It doesn’t matter what method we use for this realtime information dissemination, what matters is that it is happening. And this is the future.

That said, there is no denying that right now, Twitter, the brand, is the winning channel for this new type of news consumption. It’s the Walter Cronkite for realtime information. And when the next major event happens, an increasing number of us will be huddled around our computer screens, watching. And even more the time after that…

And that’s the way it is.

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