Bitcoinist.net:

jack dorsey twitter CEO

Twitter and Square CEO, Jack Dorsey, has just announced that Twitter is funding a small independent team to develop an open and decentralised social media standard. The ultimate aim is for Twitter to then be a client of this new standard.


Dorsey Brave New World

Dorsey described the plans in a tweet thread earlier this morning, and was immediately supported by both Anthony Pompliano and Vitalik Buterin.

Whilst in its early years Twitter could potentially have become a decentralised internet standard, it ultimately took a path towards greater centralisation. However, in the current climate, Dorsey suggests that would not have been the best decision, citing four key changes:

  • Centralised enforcement of policy to address abuse and ‘fake news’ cannot scale long-term without placing undue burden on manual monitoring.
  • Social media value…

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Source: https://bitcoinist.com/jack-dorsey-funds-development-of-decentralised-social-media-standard/