THELOGICALINDIAN - Twitter and Square CEO Jack Dorsey has justannounced that Twitter is allotment a baby independentteam to advance an accessible and decentralised amusing media accepted The ultimate aim is for Twitter to again be a applicant of this new standard
Dorsey Brave New World
Dorsey declared the affairs in a tweet thread beforehand this morning, and was anon accurate by both Anthony Pompliano and Vitalik Buterin.
Whilst in its aboriginal years Twitter could potentially accept become a decentralised internet standard, it ultimately took a aisle appear greater centralisation. However, in the accepted climate, Dorsey suggests that would not accept been the best decision, citation four key changes:
Blockchain credibility to a alternation of decentralized solutions for accessible and abiding hosting, governance, and alike monetization. Much assignment to be done, but the fundamentals are there.
Twitter Will Take A Hands Off Approach
Although the aggregation (of up to bristles accessible antecedent architects, engineers and designers) will be adjourned by Twitter, its ascribe will end there. The alone administration provided is that the aggregation should acquisition an absolute decentralised accepted to develop, or actualize one from scratch.
The account to Twitter is that it will be able to admission and accord to a beyond accessible conversation, whilst absorption on its own addition in developing accessible (and healthier) advocacy algorithms.
Dorsey durably believes that the new accepted should be developed aboveboard and transparently, and should not accord to any distinct clandestine corporation. The aggregation should additionally advance an accessible association about the activity who will accede the absolute and abrogating after-effects of any decisions.
Whilst Dorsey accepts that it may booty abounding years to “develop a sound, scalable, and accessible decentralized accepted for amusing media,” Twitter commits to armamentarium the assignment to this point and beyond. Ultimately, Twitter intends to become a applicant of the standard.
Like Square Crypto, But For Social Media
Back in March, Dorsey announced aloof such an initiative for Bitcoin through Square, whereby the aggregation funds Bitcoin developers to body out an open-source ecosystem. He has continued been a champion of Bitcoin, claiming that it should be the ‘native bill of the internet’.
What do you anticipate of Jack Dorsey’s lastest adventure in blockchain ?
