Banning the RealDonaldTrump Twitter account had “real and significant ramifications,” Dorsey wrote. Dorsey said that the widespread suspension of the president by many platforms challenged the notion that if people didn’t like Twitter’s rules, they could simply go somewhere else. And though the president can issue a press release or call a press conference whenever he wishes — or simply go on television — Dorsey expressed concern that the enforcement actions might “erode a free and open global internet.”
And that was when bitcoin came up. Dorsey is also CEO of Square, an internet payment company, that bought $50 million of bitcoin as part of a bet on cryptocurrency. Square has accepted bitcoin since 2014. According to Dorsey, bitcoin provides a model for a decentralized model for social media. Dorsey did not elaborate on how such a network might address Twitter’s failures in moderation, creating healthy conversations, or provide for more consistent policy enforcment. “It’s important that we acknowledge this is a time of great uncertainty and struggle for so many around the world,” Dorsey wrote on Twitter. “Our goal in this moment is to disarm as much as we can, and ensure we are all building towards a greater common understanding, and a more peaceful existence on earth. I believe the internet and global public conversation is our best and most relevant method of achieving this.”
Read more of this story at Slashdot.