In an attempt to decentralize social media, the former CEO of Twitter declared in December 2019 that he was supporting the social networking startup.
- Jack Dorsey has left BlueSky, a social media startup, as a board member.
- The former CEO of Twitter urged his followers to use open source protocol Nostr and “freedom technology” like X on Saturday.
- In December 2019, Dorsey declared his support for BlueSky as part of his endeavor to decentralize social media.
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Jack Dorsey, the former CEO of Twitter who went on to become a cryptocurrency entrepreneur and the CEO of payments company Block (SQ), is no longer on the board of BlueSky, the social network startup he began investing in in 2019 with the goal of decentralizing social media.
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Using “freedom technology” like X, Dorsey urged his followers on Saturday in a post on X to stop depending on businesses “to grant you rights.” On Nostr, an open source protocol that aims to enable a fully decentralized, censorship-resistant social media experience—where he has been very active lately and where he donated 14 bitcoin, or roughly $245,000 at the time, to the protocol’s founder in 2022—he made a very similar statement.
After a year, Dorsey gave $10 million to OpenSats, a nonprofit that supports open-source and free bitcoin projects such as Nostr.
After his post, Dorsey was asked if he was still on the BlueSky board, and he replied, “no.”
The business posted on Saturday, saying, “We sincerely thank Jack for his help funding and initiating the Bluesky project.” In order to replace Dorsey, it is currently seeking a new board member.
A small independent team was being funded by Twitter, which Dorsey led as its CEO at the time, to create an “open and decentralized standard for social media,” which Twitter would eventually adopt. This announcement was made in December 2019.
At the time, he stated, “New technologies have emerged to make a decentralized approach more viable.” “Blockchain identifies a number of decentralized options for governance, open and long-lasting hosting, and even revenue. There is still much to be done, but the basics are in place.
The business posted on Saturday, saying, “We sincerely thank Jack for his help funding and initiating the Bluesky project.” In order to replace Dorsey, it is currently seeking a new board member.The CEO of the social networking site, which went live in February, is software engineer and businessman Jay Graber.
However, the rise of Nostr in recent years has virtually eliminated the need for BlueSky.
On that platform on Monday morning, Dorsey declared, “There is no Nostr board.”
A small independent team was being funded by Twitter, which Dorsey led as its CEO at the time, to create an “open and decentralized standard for social media,” which Twitter would eventually adopt. This announcement was made in December 2019.
At the time, he stated, “New technologies have emerged to make a decentralized approach more viable.” “Blockchain identifies a number of decentralized options for governance, open and long-lasting hosting, and even revenue. There is still much to be done, but the basics are in place.
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