Jack Dorsey’s Ambitious: Twitter wants to Become a Place of Freedom of Speech

By xuanling11 | Crypto Learning | 18 Aug 2021


Jack Dorsey turned down Ethereum and focused on Bitcoin while hiring former Zcash Dev to head a decentralized social network project called Bluesky.

As many people knew that Jack is pro-Bitcoin and uses Ethereum to creates NFTs already. However, he is very cautionary about the future of social media platforms that, at some point, the history may alter depends on the political environment. 

 

The government will shut down the website at some point

Since the government owns the internet, the government may shut down your website. Just look at China. Twitter is worried their website may shut down at one point due to political pressure.

 

The Bitcoin blockchain can prevent shutting down 

Since the creation of Bitcoin from 2009, global governments try to shut it down each time and have not yet succeeded. This unique feature makes Twitter a hope for its future.

 

Why not Ethereum?

Ethereum has never experienced government sanctions before. Its miners aren’t as powerful as Bitcoin miners. Ethereum is centralized after Ethereum 2.0. Ethereum has a leader figure, its inventor Vitalik Buterin while Bitcoin got no leader but a fictional creator(s) Satoshi Nakamoto.

 

Crypto-like social media is the future

Each social media company may run their cloud storage or rent from others to run their cloud storage to maintain their operation. The dangerousness is when those cloud services order to stop providing services, online companies may need to find another provider. Solutions for such incidents can reference blockchain as individuals may become nodes to offer online data service support: the more users, the more energy to help a website run.

 

InterPlanetary File System

If you are familiar with filecoin, you may hear about IPFS. It is a peer-to-peer network for sharing and storing data.

The goal is to connect all global computing devices so that the website will continue running without interruption.

 

Twitter wants to run forever 

The vision of Twitter in the future may become a social media platform that runs forever and records human history.

 

In conclusion 

The last thing Twitter wants to figure out is social media privacy and using blockchain technology to integrate into the platform.

It is exciting but speculated how a public traded company might turn itself into a crypto form in the future. We will see how it happens.

 

Photo by Jeremy Zero on Unsplash

Related articles:
Stablecoin is Not So Stable
CBDC: Stablecoin 2.0 or Stablecoin Killer
Chinese CBDC: the Ultimate Financial Weapon or Just another Copycat
DeFi Swap: Great Returns come with Great Cost
CBDC vs Cryptocurrency: the War of Privacy
Inflation vs. Bitcoin: How Speculation to Hedge Inflation has Failed in Short Term but may Create Opportunity in Long Term
Game of Three Kingdoms: CBDC vs. Cryptocurrency vs. TechCoin
Gold vs. Bitcoin: Digital Twin or Enemy
Volatility of Bitcoin: Threat or Opportunity
Lesson Learn from Robinhood IPO: Era of Crypto Exchange Comes to an End or a New Beginning?
Hypothetically, What if the Fed Fails to Control Inflation, Will Crypto Save Us?!
Stablecoin: We Ever Need Them More Than CBDCs
China FUD: Are We Done Yet?
SEC vs. Ripple: the Endless Game of War
SEC vs. Defi: What is the goal of the Defi?
City Coins: Are they the Era of New Coins?
Ethereum London Hardfork: How Hard does It Actually Fork?
Did the U.S. government just thumbs up on Bitcoin and down on Ethereum after the London Hardfork?
The End of Era for Crypto Exchange Platform?!
NFT: Digital Solution or Delusion?
NFT: The Future of Gamers' Assets
Is Bitcoin Untraceable Anymore?! It Depends!
Why Crypto Got So Political Suddenly: The Beginning Tale of Government Crypto Surveillance Program
Where are We Position Crypto at : the Problem with Money and Wealth
Crypto Hacking: How Did it Really Happen?
Bitcoin Mining Recover?! The Chinese vs. The U.S Strategy of Blockchain
The Legendary of Shitcoin: Meme to the 🌓 or Unique of 💎 or Simply just 💩
Defi: A Rainbow 5-Layers Cake
Crypto Economy: the Untold Speculative Financial System We will Live?
Red Alert: Lesson Learns from the Nearly Cashless Nation
-------------------------------------------------------------------------------------
Disclosure: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose cryptocurrencies are mentioned in this article. This information is only for educational

How do you rate this article?

23


xuanling11
xuanling11

Check out https://www.xuanling11.com/.


Crypto Learning
Crypto Learning

All article was written by a delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.