The CEO of Twitter, Jack Dorsey quoted his passion for Bitcoin and decentralization in a thread of 13 tweets today, explaining why the company banned US President Donald Trump from accessing the platform last week. While Dorsey claims this is “the right move for Twitter”, he admits that it is a dangerous precedent.
If you have to take these steps, the public conversation becomes fragmented. They share us. They limit the potential for clarification, redemption, and learning. And it sets a precedent that I consider dangerous: the power that an individual or company has over any part of global public conversation.
– jack (@jack) January 14, 2021
Trump’s accounts were removed from Twitter, Facebook, Instagram, YouTube and other social media platforms on Jan. 7 after he was accused of inducing his followers to storm the Capitol.which resulted in the deaths of four people. Social media expressed concern that Trump was “inciting violence”.
In today’s twitter thread Dorsey gives a more elaborate explanation, admitting that the decision was not made lightly and that it will have “real and significant consequences.” He said that while this event was simply “a business moderation decision,” it could feel very similar to “the government taking away access.”
Dorsey explained that he did not want Twitter’s unilateral action to “undermine a free and open global Internet” and suggested that Bitcoin’s decentralization model is a better way of achieving control and moderation on the Internet in the future.
Bitcoin proves “what the internet wants to be and it just keeps getting bigger over time” Add:
“The reason I’m so passionate about Bitcoin is mainly because of the model it demonstrates: a fundamental internet technology that is not controlled or influenced by any person or entity.”
The general manager also reminded readers of this Twitter is actively trying to move towards a decentralized future, “is funding an initiative around an open decentralized standard for social media”.
Twitter is funding a small, independent team of up to five open source architects, engineers, and designers to develop an open, decentralized standard for social media. The goal is for Twitter to ultimately be a customer of this standard.
– jack (@jack) December 11, 2019
Dorsey released the statement when it became known that Trump had been removed from office a second time by the House of Representatives. Although the thread is only two hours old, it has already received more than 41,000 likes.
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