What is Jack Dorsey Up To?
Billionaire Tech entrepreneur Jack Dorsey has announced the creation of a new company, Bluesky, which will aim to develop a decentralized standard for social media. The goal of the company is to create a decentralized platform that will allow for the creation of a "common protocol" for social media, which will be controlled by a community of developers rather than a centralized organization.
Bluesky will be an independent company, separate from Twitter, and will focus on developing a new decentralized protocol for social media. This protocol will be open source, meaning that anyone can use or contribute to it. Dorsey also stated that Bluesky would not be a direct competitor to Twitter but rather an alternative to the existing centralized platforms.
The idea of a decentralized social media platform is not new, with projects like Mastodon and Steemit already existing. However, these decentralized platforms are not as widely used as their centralized counterparts, like Facebook and Twitter. Dorsey believes that with the backing of a company like Twitter, Bluesky could help to bring decentralized social media mainstream.
Dorsey has been relatively quiet on Twitter recently. His latest tweet:
He did have a recent interview at Bitcoin Africa:
It will be interesting to see what this super-talented entrepreneur is about to do next!