Bitcoin Bull Jack Dorsey Nudges Twitter Team To Explore Decentralized Protocols

Jack Dorsey, Twitter co-founder, former CEO, and an ardent Bitcoin supporter, has reacted to the newly-imposed Twitter restrictions on what number of tweets a consumer can view per day.

Within the late hours yesterday, July 1, American billionaire and chairman of Twitter, Elon Musk, announced that Twitter could be briefly limiting the variety of posts a consumer can view day by day in an try to “address extreme levels of data scraping & system manipulation.”

Musk, who acquired Twitter for $44 billion in October 2022, acknowledged that verified accounts are actually restricted to studying 6,000 posts per day, with the day by day restrict set at 600 posts for unverified accounts and 300 posts for brand new unverified handles.

Nonetheless, the view limits have been raised twice since then, with verified accounts now allowed to view 10,000 tweets day by day, whereas unverified and new unverified accounts can learn 1,000 and 500 posts per day, respectively. 

Jack Dorsey Advises Twitter Team To Take a look at Decentralized Protocols

As anticipated, these new view limits have drawn many reactions from Twitter’s quite a few customers, most notably from the corporate co-founder Jack Dorsey.

Dorsey expressed that he understood that managing Twitter was no straightforward activity, stating the present crew was solely “doing their best.”

“Running Twitter is hard. I don’t wish that stress upon anyone. I trust that the team is doing their best under the constraints they have, which are immense. It’s easy to critique the decisions from afar…which l’m guilty of…but I know the goal is to see Twitter thrive. It will.” He tweeted 

In a follow-up tweet, Dorsey went additional, nudging the Twitter administration to try constructing on decentralized protocols describing this know-how as important to a free web house. 

He tweeted: 

“And I do hope they consider building on truly censorship-resistant open protocols like bitcoin and nostr to help ease that burden. Good for all, and critical to preserve the open internet.”

Jack Dorsey is a recognized crypto and web3 advocate. Following the acquisition of Twitter by Musk, Dorsey invested 14 bitcoin (valued at $245,000 on the time) to fund the event of Nostr, which features as a decentralized social community.

Nostr features equally to Twitter and is supported by Bitcoin maximalists, though it isn’t constructed on the Bitcoin blockchain. Along with its social networking position, Nostr can be designed to course of funds on Bitcoin’s Lightning Community. 

How May Twitter New Restrictions Have an effect on The Crypto House?

The Bluebird app is a crucial social media software for engagement within the crypto house, because it permits for ICO bulletins, bounty marketing campaign promotions, and basic mission information. 

Though this transformation is short-term, one might solely marvel concerning the ripple results of the brand new Twitter views restrict on its vibrant neighborhood. For now, these results look like minimal, with the whole crypto market cap rising by 0.4% within the final 24 hours, in response to data by Coingecko.

Bitcoin, the premier cryptocurrency, is buying and selling at $30,534 with a 0.3% achieve within the final day. The token’s day by day buying and selling quantity is valued at $5.91 billion, whereas its market cap stands at a powerful $592.76 billion. 

BTCUSD buying and selling at $30,520 | BTCUSD chart from TradingView

Featured picture from BBC Information, chart from TradingView

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