Twitter CEO Jack Dorsey Praises Bitcoin, Calls It ‘Future’ Of Company Security

By Landon Manning

Twitter co-founder and CEO and longtime Bitcoin advocate Jack Dorsey has added to his praise of the cryptocurrency and its underlying blockchain, saying it is the future of security and other protocols on the social media platform in wake of recent hacks.

Dorsey has been a persistent advocate for the possibilities of Bitcoin for quite a while now, saying it was 10 years away from being the world’s single currency in 2018 and calling it the “best” of all available cryptocurrencies earlier in September 2020. And, later that same month, Dorsey made more specific and motivated predictions about some parts of Bitcoin’s future, particularly those parts he can take advantage of at Twitter.

The key to understanding Dorsey’s new statements on Bitcoin is to see how the advantages of a decentralized, trustless, secure platform that anyone can contribute to unfolded in a way very close to him.

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Jack Dorsey says Bitcoin and blockchain will shape Twitter’s future where ‘content exists forever’ | Currency News | Financial and Business News

Twitter CEO Jack Dorsey.


  • Bitcoin and blockchain will shape Twitter’s future through a decentralized internet standard, Twitter CEO Jack Dorsey said at the Oslo Freedom Forum 2020 last week.
  • BlueSky, a designated team tasked with developing the standard, will hire about five people to build a protocol enabling Twitter’s transition to a decentralized platform.
  • Dorsey’s renewed motivation towards a “trusted system in a distrusted environment” comes after July’s massive security breach in which hackers took over dozens of high-profile Twitter accounts.
  • “I fundamentally believe that security is something that can never be perfected,” he said. “It’s a constant race. It’s a constant push to be ten steps ahead of hackers.”
  • Visit Business Insider’s homepage for more stories.

The future of social media platform Twitter will be shaped by Bitcoin and its underlying technology, according to chief executive Jack Dorsey, who was once again endorsing a decentralized social

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Twitter CEO Jack Dorsey backs Bitcoin and blockchain technology as the future of microblogging site; Details

Dorsey has been a vocal advocate of cryptocurrency for a long time.

Blockchain Technology: Twitter CEO backs blockchain technology for microblogging site’s security! 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. Last year, he had announced a Bluesky, a non-profit platform for the development of a decentralised and open social media standard. During the Oslo Freedom Forum 2020, held virtually, Dorsey last Friday said that Bitcoin and blockchain indicate a world where content would live forever, adding that they were not in a content hosting business anymore, but rather in the discovery business.

Dorsey’s expectations from Bluesky is of the creation of an open Twitter protocol that would also invite contributions from users, as well as allow users to access data from. This would be different from

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Bitcoin And Blockchain Are The ‘Future’ Of Twitter, CEO Jack Dorsey Reveals

Twitter
TWTR
chief executive Jack Dorsey is one of bitcoin’s biggest proponents in Silicon Valley.

Dorsey, who earlier this month said bitcoin is “probably the best” native currency of the internet, has previously gone as far as saying bitcoin has the potential to be the world’s sole currency by 2030.

Now, speaking at the virtual Oslo Freedom Forum 2020, Dorsey has said bitcoin and its underlying decentralized blockchain technology are the future of Twitter.

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“Blockchain and bitcoin point to a future, and point to a world, where content exists forever, where it’s permanent, where it doesn’t go away,

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Blockchain technology is future of Twitter: CEO Jack Dorsey : The Tribune India

San Francisco, September 28

Twitter and Square CEO Jack Dorsey has once again reiterated that Bitcoin and Blockchain technology is the future of his micro-blogging platform to keep it more secure from hackers.

Dorsey last year announced a non-profit platform called Bluesky to develop an open and decentralised standard for social media.

“Blockchain and Bitcoin point to a future, point to a world, where content exists forever. We’re not in the content hosting business anymore, we’re in the discovery business,” the Square CEO said during the virtual Oslo Freedom Forum 2020 last Friday.

Dorsey expects Blue Sky to create an open Twitter protocol, which users can contribute to and access data from instead of a centralized service where the social media platform hosts content on its website.

“(Blue Sky) is a completely separate nonprofit from the company (Twitter),” Dorsey said.

“We’ll focus on becoming a client of it so we

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Blockchain technology is future of Twitter: Jack Dorsey

(MENAFN – IANS)

San Francisco, Sep 28 (IANS) Twitter and Square CEO Jack Dorsey has once again reiterated that Bitcoin and Blockchain technology is the future of his micro-blogging platform to keep it more secure from hackers.

Dorsey last year announced a non-profit platform called Bluesky to develop an open and decentralized standard for social media.

“Blockchain and Bitcoin point to a future, point to a world, where content exists forever. We’re not in the content hosting business anymore, we’re in the discovery business,” the Square CEO said during the virtual Oslo Freedom Forum 2020 last Friday.

Dorsey expects Blue Sky to create an open Twitter protocol, which users can contribute to and access data from instead of a centralized service where the social media platform hosts content on its website.

“(Blue Sky) is a completely separate nonprofit from the company (Twitter),” Dorsey said.

“We’ll focus on becoming a client

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