Twitter’s Jack Dorsey Called Bitcoin “Foundational Internet Technology”

Jack Dorsey has been making headlines due to Donald Trump’s Twitter ban.

This episode has been highly criticized all over the world because it has to do with shutting down free speech, and this is a pretty spiny subject.

Bitcoin is a blueprint for the future of the Internet

The online publication the Daily Hodl notes that the Twitter CEO and co-founder Jack Dorsey just called Bitcoin a blueprint for the future of the internet.

The online publication mentioned above brought up a Twitter thread aimed at explaining the CEO’s decision to ban President Trump from his social media platform.

VIa the tweets, Dorsey said that Bitcoin possesses the principles of what the internet desires to be and could become in the future.

He also said that he hopes for a reimagined web that is truly decentralized in a way that distributes power to many individuals.

He said: “We are trying to do our part by funding an initiative around an open, decentralized standard for social media. Our goal is to be a client of that standard for the public conversation layer of the internet. We call it @bluesky.”

He continued and said that “This will take time to build. We are in the process of interviewing and hiring folks, looking at both starting a standard from scratch or contributing to something that already exists. No matter the ultimate direction, we will do this work completely through public transparency.”

Dorsey also posted the following:

Stay tuned for more news.

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