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Bitcoin’s Decentralized Model is What The Internet Wants To Be: Twitter CEO

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Bitcoin’s Decentralized Model is What The Internet Wants To Be: Twitter CEO

While calling banning President Donald Trump the “right decision for Twitter,” Jack Dorsey said this sets a “dangerous” precedent.

Twitter CEO Jack Dorsey took to Twitter on Wednesday to clarify his decision to ban President Donald Trump on the platform, which he maintained was the “right decision for Twitter.”

For starters, he isn’t celebrating or feeling pride in this move to ban Trump, but it was made “after a clear warning” and with “the best information we had based on threats to physical safety both on and off Twitter,” he wrote in his series of 13 tweets.

Despite calling this the “right decision,” Dorsey called this ban “a failure of ours ultimately to promote healthy conversation” and set a “dangerous” precedent of an individual or corporation having this much power over a part of the global public conversation.

As other companies made such decisions, Facebook being another big giant to do so, Dorsey says, over the long term it will be destructive to the noble purpose and ideals of the open internet.”

While a company moderating itself is different from a government removing access, Dorsey said it might feel so while adding, “If folks do not agree with our rules and enforcement, they can simply go to another internet service.”

But at the same time, he maintained that Twitter does need more transparency in such moderation operations.

And this is why he has all this passion for Bitcoin, which he has previously said that one day could be the currency of the Internet.

“The reason I have so much passion for Bitcoin is largely because of the model it demonstrates: a foundational internet technology that is not controlled or influenced by any single individual or entity. This is what the internet wants to be, and over time, more of it will be,” said Dorsey, the founder of payment company Square, whose Cash App supports BTC.

Dorsey has been calling for an open, decentralized standard for social media, and it has been towards this goal that they have been developing Bluesky — “a client of that standard for the public conversation layer of the internet.”

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