Jack Dorsey Says that He Hopes Twitter would Adopt Bitcoin Technology

Updated: 13 June 2023

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This Monday, June 12th, Twitter founder and former CEO Jack Dorsey recently gave his first interview since distancing himself from the platform last year.

The interview did not focus solely on Twitter, but it did question his thoughts on the current state of things.

Dorsey said that Elon Musk had a reckless run as the CEO of the platform. He also noted that he hopes Twitter would eventually adopt Bitcoin’s technology.

Dorsey’s Hopes for the Future of Twitter

Dorsey gave an interview on a YouTube channel, Breaking Points, covering a wide range of topics — from AI concerns to endorsement of presidential candidate Robert F. Kennedy Jr. and Twitter’s new management.

Speaking on the social media platform, he expressed hope of Twitter adopting new, advanced technologies.

Dorsey specifically mentioned Nostr, as well as Bitcoin, the world’s largest cryptocurrency by market cap and the first crypto ever created.

Jack Dorsey on Elon Musk’s Twitter leadership

Moving on, Dorsey discussed Elon Musk’s run as the CEO of Twitter, calling it “fairly reckless.”

He mentioned that he asked Musk multiple times to join Twitter’s board prior to his purchase of the platform.

Still, Dorsey added that Musk has deep knowledge about the social media platform due to him being a technologist.

He noted that Twitter was under a lot of pressure and the only way to handle it was for the platform to go private.

Unfortunately, Elon Musk’s purchase of the platform took place around the same time when the market crashed.

As a result, he had to act hasty and there was no time for him to be patient and make decisions that were well thought out.

While Musk introduced several new features to Twitter since he took over, Dorsey did not mention anything specific during his interview. Some of the new additions on the platform include paid blue check marks, subscriptions, and alike.

However, Dorsey did comment on Musk’s appointment of Linda Yaccarino as the new Twitter CEO. He said he was confident in Elon’s move as CEO.

Dorsey concluded by saying that he still owns about 3% of this new company.

He added that he is still supportive, although he does have questions about “certain things” and the long-term aspects of free speech on the corporate-owned platform.

On the topic of free speech, he said that Musk’s approach is to allow everything that is allowed by the law.

However, with Twitter being a global platform, this is not easy to pull off. He mentioned that some countries kept asking Twitter provides information about certain journalists or even shut down their accounts.

Twitter’s dependency on brand advertising also impacts free speech, as brand advertisers can boycott the platform until certain policies are changed if they choose to do so.

This is why Dorsey wanted the platform to shift away from brand advertising being its main source of revenue, and Musk is continuing to push that idea to an extent.

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