The Future of Twitter Revealed

September 30, 2020

Twitter is an interesting outfit. Forbes (the capitalist tool, I believe) published “Bitcoin and Blockchain Are the Future of Twitter, CEO Jack Dorsey Reveals”. Twitter is an interesting outfit; for example, it has a new chief information security officer. That’s a good idea, maybe too late for some stakeholders, but it is a step forward.

Forbes reports:

Dorsey, who… said bitcoin is “probably the best” native currency of the internet, has previously gone as far as saying bitcoin has the potential to be the world’s sole currency by 2030…. Now, speaking at the virtual Oslo Freedom Forum 2020, Dorsey has said bitcoin and its underlying decentralized blockchain technology are the future of Twitter.

Forbes quotes Twitter’s top management Zen person as saying:

“The whole spirit of bitcoin, for instance, is to provide a trusted system in a distrusted environment, which is the internet,” Dorsey said…. Earlier this month, Dorsey told Reuters bitcoin is “probably the best” native currency of the internet due to bitcoin being “consensus-driven” and “built by everyone.”

Yep, trust.

A couple of observations:

  • Twitter owns a payment system. Perhaps Mr. Dorsey’s confident assertion about the future is influenced by the method of communications and the beneficiary of the digital currency cheerleading?
  • Twitter licenses its data selectively to commercial enterprises developing products and services to assist law enforcement and intelligence agencies. With Bitcoin generally perceived as a lubricant for illegal transactions, what’s Twitter’s goal? (Check out the Geospark Analytics – Twitter deal for some color. Geofeedia has not been as fortunate as the virtual intelware vendor.)
  • How will enhanced Bitcoin capabilities assist bad actors in money laundering and other possibly questionable activities?

DarkCyber finds Twitter fascinating. A half-time CEO, a messaging system which can spark interesting social consequences, and a peculiar way of supporting law enforcement and other groups simultaneously.

Worth monitoring the dualism.

Stephen E Arnold, September 30, 2020

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