When Twitter and Square CEO Jack Dorsey spoke at the virtual Oslo Freedom Forum 2020 on Friday, he said blockchain technology is the future of Twitter.ÃÂ
Ã¢ÂÂBlockchain and bitcoin point to a future, point to a world, where content exists forever,Ã¢ÂÂ Dorsey said. Ã¢ÂÂWeÃ¢ÂÂre not in the content hosting business anymore, weÃ¢ÂÂre in the discovery business.Ã¢ÂÂ
In short, Dorsey expects the nonprofit 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.ÃÂ
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Ã¢ÂÂ[Blue Sky] is a completely separate nonprofit from the company [Twitter],Ã¢ÂÂ Dorsey said. Ã¢ÂÂWeÃ¢ÂÂll focus on becoming a client of it so we can build a compelling service and business where anyone can access and anyone can contribute.Ã¢ÂÂ
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He added the nonprofit is still looking to hire at least five roles, tasked with creating a public blockchain platform.
Ã¢ÂÂYou see this most fundamentally in bitcoin and in blockchain,Ã¢ÂÂ Dorsey said, describing the shift from centralized service providers to diverse network participants. Ã¢ÂÂThe keys will be more and more in the hands of the individual.Ã¢ÂÂÃÂ
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As for Bitcoin Twitter, as it exists today, Dorsey broadly spoke to the importance of safeguarding usersÃ¢ÂÂ identities, which may be the key to healthy discourse. Plus, TwitterÃ¢ÂÂs staff are amping up reliance and machine-learning tools to help identify non-authentic user behavior, aka propaganda.ÃÂ
Ã¢ÂÂI appreciate the difference between anonymity and pseudonymity,Ã¢ÂÂ he said. Ã¢ÂÂPseudonymity is built identity. Ã¢ÂÂ¦ We want to protect that,Ã¢ÂÂ he said.
The appearance comes after the now-infamous Twitter hack of July 2020, when the platform suffered its most prominent attack in years. A 17-year-old hacker is still being tried for multiple fraud charges in Florida for infiltrating some of the worldÃ¢ÂÂs most prominent accounts and soliciting bitcoin payments.
Ã¢ÂÂSecurity is not anything that can ever be perfected, itÃ¢ÂÂs a constant race,Ã¢ÂÂ Dorsey said.ÃÂ Ã¢ÂÂThe more weÃ¢ÂÂre giving the individual the keys, the safer weÃ¢ÂÂre going to be.Ã¢ÂÂ
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