In an interview, Jack Dorsey stated Twitter should adopt technology like Nostr and Bitcoin as it will enhance its safety, security, and responsibility. This technology is the founder’s favorite because it works on decentralized social networks.
Elon Musk is aware of social media platforms because he is a developer and technologist. This is why when Dorsey was a board member, he stated he had asked Elon to join the Twitter board before he bought the platform. But Musk swiftly ignored it.
In a YouTube interview, he also added that Elon’s way of running Twitter as a CEO was very careless. Most of the time, he discussed topics including the engrossing of Robert F Kennedy Jr., his thoughts about artificial intelligence, etc.
Jack Dorsey Stated Views on Twitter CEO
Jack Dorsey does not mention the features in the interview. Elon Musk included many new features to the platform. This includes the paid blue check marks, which priority show the authenticity of the account. Other features include compensation to content providers for posts and access to users for creators’ private material.
Furthermore, he also added his views on appointing the new CEO, Linda Yaccarino, and to have full assurance with Elons move of appointing the new CEO. Additionally, he added that he still owns three percent of this new company.
Jack Dorsey has always wanted to develop the standards for decentralization. Twitter is a free social media platform for blogging and sharing posts and tweets which can be in the form of videos, texts, and photos. Earlier, as a CEO, he came up with a team of five open-source architects, engineers, and designers to make it less centralized.
Twitter Founder Wishes a Decentralized Technology
Nor is the Bitcoin community’s new favorite social media network. This protocol is used to build apps freely. The technology is very easy to use, so the user base is increasing immensely. In a way, Twitter is locked into running on a centralized service, whereas Bitcoin technology is open source. Hence, commencing on Bitcoin technology seems favorable for growth.
The fight with Elon Musk on the micro-blogging platform made Dorsey quit the Twitter Board of Directors. He warned to reveal the actual number of fake accounts the platform holds. After Dorsey stepped down from the position, Parag Agarwal took his position.
The present interview of Jack Dorsey stated the hope for Twitter to have censorship-resistant networks like Bitcoin and Nostr. This can increase the trust, transparency, and traceability of the data.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/06/13/jack-dorsey-aspires-decentralized-technology-for-twitter/