Jack Dorsey, the former CEO of Twitter who went on to become a cryptocurrency entrepreneur and the CEO of payments company Block (SQ), is no longer on the board of BlueSky, the social network startup he began investing in in 2019 with the goal of decentralising social media.
Using “freedom technology” like X, Dorsey urged his followers on Saturday in a post on X to stop depending on businesses “to grant you rights.”
He made a similar statement on Nostr, an open source protocol that aims to provide a completely decentralised, censorship-resistant social media experience. He has been very active on Nostr in recent weeks, and he donated 14 bitcoin (approximately $245,000 at the time) to the protocol’s founder in 2022.
Dorsey gave $10 million to OpenSats, a nonprofit that supports free and open-source bitcoin projects like Nostr, a year later.
Dorsey replied, “No,” when asked if he was still on the BlueSky board after his post.
The business posted on Saturday, saying, “We sincerely thank Jack for his help funding and initiating the Bluesky project.” In order to replace Dorsey, it is currently seeking a new board member.
A small independent team was being funded by Twitter, which Dorsey led as its CEO at the time, to create a “open and decentralised standard for social media,” which Twitter would eventually adopt. This announcement was made in December 2019.
He remarked at the time that “new technologies have emerged to make a decentralised approach more viable.” In terms of open and long-lasting hosting, governance, and even monetization, blockchain offers a number of decentralised alternatives. The basics exist, but there is still much work to be done.
Chief Executive Officer Jay Graber is an entrepreneur and software engineer who oversaw the social networking service’s February public launch. On the other hand, BlueSky is no longer really necessary due to Nostr’s recent ascent.
Dorsey stated on that platform Monday morning, “There is no Nostr board.”