Twitter CEO Jack Dorsey quoted his passion for Bitcoin and decentralization in a 13 Tweet thread today, explaining why the company banned US President Donald Trump from the platform last week. Although he claims this was the ‘right decision for Twitter’, Dorsey admits it sets a dangerous precedent.
Taking these actions will fragment the public conversation. They divide us. They limit the potential for clarification, redemption and learning. And sets a precedent that I think is dangerous: the power an individual or company has over any part of the global public conversation.
– jack (@jack) January 14, 2021
Trump was banned from Twitter, Facebook, Instagram, YouTube, and other social media platforms on Jan. 7 after being accused of inciting supporters to storm the Capitol, resulting in the deaths of four people. Social networks were concerned Trump would use them for “further incitement to violence.”
In today’s Twitter thread, Dorsey provides a more in-depth explanation, admitting that the decision was not taken lightly and that it will have “real and significant consequences.” He said that while this event was simply “ a company making a business decision to moderate itself, ” it could be very similar to “ the government withdrawing access. ”
Dorsey explained that he did not want Twitter’s unilateral action to “erode a free and open global Internet” and suggested that Bitcoin’s model of decentralization is a better way to approach Internet control and moderation in the future.
Bitcoin shows “what the internet wants to be, and over time there will be more of it,” adding:
“The reason I am so passionate about Bitcoin is largely due to the model it demonstrates: a fundamental internet technology that is not controlled or influenced by any single individual or entity.”
The CEO also reminded readers that Twitter is actively seeking to make progress toward a decentralized future, “funding an initiative around an open decentralized social media standard.”
Twitter is funding a small, independent team of up to five open source architects, engineers, and designers to develop an open and decentralized social media standard. The goal is for Twitter to eventually become a customer of this standard.
– jack (@jack) December 11, 2019
Dorsey posted the statement when news surfaced that Trump was impeached a second time by the House of Representatives. The thread, although only two hours old, has already received more than 41,000 likes.