Jack Dorsey, the co-founder of Twitter, has stepped down from Bluesky’s board, the decentralized social media platform he originally envisioned and funded back in 2019 during his tenure as CEO of Twitter.In a Sunday post on the platform, Bluesky confirmed Dorsey’s departure from its board.“We sincerely thank Jack for his help funding and initiating the bluesky project. Today, Bluesky is thriving as an open source social network running on atproto, the decentralized protocol we have built,” the post read.
Dorsey Provides No Reasons for Departure
Remarkably, neither Dorsey nor Bluesky gave an explanation for his leaving. Before the formal declaration, Dorsey briefly replied “no” on X to a question regarding his standing on Bluesky’s board at the time.
no
— jack (@jack) May 4, 2024
In the meantime, attention was drawn to Dorsey’s recent actions on X, where he advocated grants for open interest protocols and called the social network that Elon Musk currently owns “freedom technology.”
Observers saw that Dorsey had reduced the number of people he followed on the platform to just three:
Musk, NSA leaker Edward Snowden, and Stella Assange, the wife of WikiLeaks founder Julian Assange.
The fact that Dorsey continues to follow Musk and supports X implies that the two tech titans may be on the verge of reconciliation.
This comes after Dorsey openly condemned Musk’s X management in the previous year and voiced his displeasure with the board’s choice to sell him the platform.
The goal of Bluesky, which was first revealed by Dorsey in late 2019, was to create an open and decentralized social media standard.
But Bluesky did not start beta testing until March 2023, and on February 7, 2024, it was eventually made available to the general public.
According to Bluesky’s own statistics, the service has approximately 5.6 million users despite its relatively recent launch.
Dorsey’s Block Expands Bitcoin Mining Ambitions
Dorsey’s payments company Block has shifted its focus from designing chips to developing a complete Bitcoin mining system, which coincides with his departure from Bluesky’s board. According to reports, Block has announced that it has successfully designed a standalone three-nanometer (3nm) Bitcoin mining chip and that it is working with a top global semiconductor foundry to complete the chip’s design. But the company’s mining endeavor goes beyond the creation of chips. It intends to broaden the scope of its work to include system design. It is important to remember that Dorsey has a strong involvement in the cryptocurrency industry. Apart from his position at Twitter, Dorsey was also the CEO of Square Inc., a financial services startup that created the well-known Cash App for mobile payments. Under his direction, Square emerged as one of the first well-known businesses to accept Bitcoin, allowing customers to purchase, sell, and keep the digital currency inside the Cash App. It is well known that Dorsey has a personal interest in Bitcoin, and he has been a vocal supporter of the cryptocurrency’s adoption and potential to completely transform the financial sector. In support of using Bitcoin as a hedge against inflation and government overreach, he has frequently emphasized the cryptocurrency’s qualities as a decentralized, inclusive form of money.