Jack Dorsey says he’s ‘partly responsible’ for internet centralization

Jack Dorsey, co-founder and former chief executive of Twitter TWTR, said he was “partly responsible” for centralizing the internet.

Dorsey, chief executive of Block Inc. SQ, tweeted on Saturday about his early internet nostalgia. “The days of Usenet, irc, the web…even email (with PGP)…was amazing. the centralization of discovery and identity in enterprises has really damaged the internet,” he wrote. “I realize that I am partly responsible and I regret it.”

Dorsey resigned as chief executive of Twitter in November.

Dorsey’s message was posted two days before it was revealed on Monday that Tesla chief executive Elon Musk had acquired 73.49 million shares, or a 9.2% passive stake in Twitter, becoming thus the main shareholder of the platform.

Read: Twitter shares soar after Elon Musk takes stake valued at over $3 billion

Less than two weeks ago, Musk slammed Twitter for what he said was a breach of its principle of free speech, and said he was “seriously considering” building a new platform. -form of social media.

“People are tired of corporations controlling global information,” said Nader Al-Naji, head of the DeSo Foundation, which builds the DeSo decentralized social blockchain. “Jack and Elon are tweeting about free speech and open-source algorithms are a clear signal that the tide is turning,” AI-Naji wrote to MarketWatch in an email.

Gritt Trakulhoon, chief investment analyst at crypto asset manager Titan, said he was “extremely curious” to know what Dorsey’s next steps are or what his visions will be for the new era of decentralized internet. . “We can’t be sure what this will look like, but I suspect it will likely involve going back to the roots, using open source protocols instead of platforms,” ​​Trakulhoon wrote.

Trakulhoon is also watching Musk’s potential move on Twitter, “as he promises to make it a bastion of free speech and resistance to censorship, both of which promote a more decentralized internet.”

“What worries me with Elon is that he might start preaching things like Dogecoin over Bitcoin, and criticizing things like NFTs, Ethereum, smart contract platforms,” Trakulhoon said. Such moves are “detrimental to a decentralized and free narrative”, according to Trakulhoon.

In January, Musk blasted Twitter’s feature allowing users to add non-fungible tokens as profile pictures.

Meanwhile, as a strong supporter of the Dogecoin meme token DOGEUSD,
Musk said the crypto is better suited for transactions than bitcoin BTCUSD,
and pushed Tesla to accept dogecoin as payment for certain goods.

Dogecoin jumped nearly 10% to $0.157 on Monday, before falling back to $0.144, according to data from CoinDesk.


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