Twitter CEO Jack Dorsey is no stranger to decentralized currencies. As a longtime proponent of Bitcoin, Dorsey is known to regularly involve cryptocurrency in his companies. As such, it is quite telling that his Twitter profile makes no mention of the companies he runs, Twitter or Square.
The cryptocurrency landscape shifts wildly each day, but Dorsey stays loyal to its earliest foundation, Bitcoin (BTC).
Dorsey, who also created the Square mobile payment app, said in an interview with Reuters on Sept. 10 that the coin’s scope continues to grow exponentially:
“I think the internet warrants a […] native currency and […] Bitcoin is probably the best manifestation of that thus far. I can’t see that changing given all the people who want the same thing and build it for that potential.”
Twitter as a Decentralized Network?
Dorsey is idealistically dedicated to both blockchain and the Internet — he praises how blockchain eliminates oligopolies, unnecessary corporate and public control, and entrenched power and wealth asymmetries which are inevitably faced by regular organizations.
In addition to talking about blockchain regularly, Dorsey is known to put his money where his mouth is. As a major proponent of the non-profit crypto space, Dorsey has mobilized his Square resources to spearhead a crypto patent library.
Dorsey described blockchain as a crucial technical breakthrough that can confront the problems of Twitter as a centralized network, pointing out that a competitive, decentralized future may be achievable.