CEO of Twitter and Square, Jack Dorsey, has reasserted his stand that in order to keep his social media platform more secure from hackers, Bitcoin and blockchain technology is the future. In 2019, the had announced a Bluesky, a non-profit platform for developing a decentralized and open social media standard. During the Oslo Freedom Forum 2020, held virtually, the CEO last Friday said that Bitcoin and blockchain indicate a world where the content would live forever, adding that they were not in a content hosting business anymore, but rather in the discovery business.
Jack Dorsey asserted that Bluesky is an entirely separate entity from Twitter.
Twitter CEO Jack Dorsey’s expectations from Bluesky are of creating an open Twitter protocol that would also invite contributions from users and allow users to access data from. This would be different from a centralized service where the content is hosted by a social media platform on its website. Dorsey also asserted that Bluesky is an entirely separate entity from Twitter, with the former being a non-profit platform and the second one being a company.
Twitter CEO has been a vocal advocate of bitcoin.
Twitter and Square CEO Jack has been a vocal advocate of bitcoin for a long time. He used the asset and its technology as an example of fresh technological innovations paving the way for greater security, trusting a less crucial component. The CEO also mentioned the concept and importance of individuals being able to hold their own access capabilities and keys, as seen in Bitcoin. As reported earlier, Twitter CEO described blockchain and decentralization as changing online content landscapes, hosted by numerous parties instead of centralized entities. Twitter witnessed a major security breach earlier this year, where accounts of many prominent personalities were hacked to solicit cryptocurrency.