Twitter founder says centralization has "really damaged the internet"

Date:
Mon, 04 Apr 2022 13:40:57 +0000

Description:
Jack Dorsey took to Twitter, the platform he helped create, to express
regrets over the open web.

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Twitter co-founder Jack Dorsey left the company in November 2021 after 16 years and has been working on undisclosed projects ever since, most likely related to the blockchain.

The time away has clearly given Dorsey space to think and reflect, leading to an interesting tweet from over the weekend.

"the days of usenet, irc, the web...even email (w PGP)...were amazing,"
Dorsey wrote . "centralizing discovery and identity into corporations really damaged the internet. I realize I'm partially to blame, and regret it." the days of usenet, irc, the web...even email (w PGP)...were amazing.
centralizing discovery and identity into corporations really damaged the internet.I realize I'm partially to blame, and regret it. April 2, 2022 See more

The admission is interesting for a number of reasons.

Perhaps the biggest is that it's very rare to hear a candid admission of a mistake from a high-profile tech CEO, especially one as well-known as Dorsey, and it seems unlikely he ever would have said this while at Twitter.

Dorsey is a billionaire many times over especially if you include his (sizeable) bitcoin holdings and Twitter was one of the earliest social behemoths.

It's also not the first time Dorsey has sparked controversy in recent months, having taken a swipe at the VC-funded Web3 startup space in late 2021. You dont own web3.The VCs and their LPs do. It will never escape their
incentives. Its ultimately a centralized entity with a different label. Know what youre getting into December 21, 2021 See more Decentralization station

Under Dorsey, Twitter was making some moves towards decentralisation, including launching Bluesky , but these are still only in their infancy. READ MORE

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Dorsey is still the CEO of Block, formerly Square, and the company changed
its name very soon after he departed Twitter. Block, of course, has parallels to the blockchain.

While crypto is full of scams and people trying to make a quick buck, many prominent technologists are involved in the space, a potential signal that
its underlying technologies and ideas are here to stay.

Given his most recent tweet, it seems that Dorsey is yearning for a return to the old, decentralized web, something that many Web3 advocates would love to see. Make sure your bitcoin is safe with the best bitcoin wallets



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Link to news story: https://www.techradar.com/news/twitter-founder-says-centralization-has-really- damaged-the-internet/


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