Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
No Result
View All Result
Invest In Crypto News
No Result
View All Result

Jack Dorsey criticizes Bluesky for straying from decentralized ethos

CryptoExpert by CryptoExpert
May 10, 2024
in Business
0
Jack Dorsey criticizes Bluesky for straying from decentralized ethos
  • Facebook
  • Twitter
  • Pinterest


You might also like

US Sanctions Iran’s BitBank Over IRGC Bitcoin Transfers

Banks Now Account for Nearly 1 in 4 EU MiCA Crypto Providers

Trump says US will form AI Force

Share this article

Follow Crypto Briefing on Google News

There’s always one or more reasons behind a company board member’s departure. With Jack Dorsey and Bluesky, it’s all about direction. Speaking with Pirates Wires this week, Bluesky’s inventor said the company is straying from its original decentralized ethos and resembling a conventional social media app, the type of app he intended to avoid at the beginning.

“This is literally repeating all the mistakes we made as a company. This is not a protocol that’s truly decentralized. It’s another app. It’s another app that’s just kind of following in Twitter’s footsteps, but for a different part of the population,” Dorsey stated.

Dorsey’s initial vision for Bluesky was to create a social media protocol that could overcome the challenges faced by centralized platforms, such as those he encountered at Twitter (now X). He expected that Bluesky would support free speech and not be beholden to the constraints of a publicly traded company dependent on advertising revenue.

Phemex

However, as Bluesky developed, it began incorporating more traditional corporate elements, including forming a board and seeking venture capital funding. For a person deeply committed to decentralization, it’s a clear departure from his original goals for the project.

“Everything we wanted around decentralization, everything we wanted in terms of an [open-source] protocol, suddenly became a company with VCs and a board. That’s not what I wanted, that’s not what I intended to help create,” Dorsey remarked.

According to him, this shift, combined with a growing emphasis on app development and moderation tools, moved Bluesky away from being a truly decentralized protocol.

Commenting on the public perception of Bluesky as “anti-Twitter,” Dorsey said it was not the foundational intention. Bluesky was meant to be a neutral protocol rather than a direct competitor.

Dorsey also noted the limitations of the advertising-based revenue model for social media platforms, which he believes compromises content policies and platform governance. He suggests alternative revenue streams, such as subscriptions and commerce, could provide a more sustainable and less compromising approach.

Earlier this week, the team behind Bluesky announced that Dorsey was no longer on the board of directors. At the time, neither Dorsey nor Bluesky commented publicly on the departure.

After leaving Bluesky, Dorsey has turned his attention to Nostr, a protocol he considers a more accurate reflection of his decentralized social media aspirations, operating without a central authority or corporate structure.

Share this article

Follow Crypto Briefing on Google NewsFollow Crypto Briefing on Google News

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight – and oversight – of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.



Source link

  • Facebook
  • Twitter
  • Pinterest
CryptoExpert

CryptoExpert

Recommended For You

US Sanctions Iran’s BitBank Over IRGC Bitcoin Transfers

by CryptoExpert
September 21, 2026
0
Cointelegraph

US authorities on Thursday announced sanctions against Iranian crypto exchange BitBank, accusing it of processing Bitcoin paid by ships transiting the Strait of Hormuz.The US Department of the...

Read more

Banks Now Account for Nearly 1 in 4 EU MiCA Crypto Providers

by CryptoExpert
September 21, 2026
0
Cointelegraph

Banks are rapidly expanding their presence in Europe’s regulated crypto market, with traditional lenders now accounting for nearly one in four providers listed under the European Union’s Markets...

Read more

Trump says US will form AI Force

by CryptoExpert
September 20, 2026
0
Cointelegraph

US President Donald Trump said that he plans to create an “AI Force” and appoint an artificial intelligence czar.Trump posted on Truth Social on Saturday that his new...

Read more

Raoul Pal Says Bitcoin Will Outrun the Nasdaq as Rates Break Higher

by CryptoExpert
September 20, 2026
0
Raoul Pal Says Bitcoin Will Outrun the Nasdaq as Rates Break Higher

Key TakeawaysRaoul Pal said on Sept. 18 that BTC has broken its downtrend against the Nasdaq 100 on weekly charts.His call came two days after the Fed hiked...

Read more

Kalshi Files to Bring Perpetual Futures to US Stocks

by CryptoExpert
September 20, 2026
0
Kalshi Files to Bring Perpetual Futures to US Stocks

Kalshi has filed to offer perpetual futures tied to individual US stocks, joining Coinbase in a push to bring crypto-style derivatives to traditional equity markets.The prediction market filed...

Read more
Next Post
Bitcoin Ethereum

Move Over Bitcoin, Robert Kiyosaki Advocates For Ethereum Investment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 85,164.00
ethereum
Ethereum (ETH) $ 2,731.64
tether
Tether (USDT) $ 0.999689
bnb
BNB (BNB) $ 790.70
xrp
XRP (XRP) $ 1.49
usd-coin
USDC (USDC) $ 0.999754
solana
Solana (SOL) $ 117.15
tron
TRON (TRX) $ 0.344189
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
zcash
Zcash (ZEC) $ 1,542.24

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?