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Jack Dorsey calls bitcoin “the best model of the internet” in a series of tweets about Trump’s account ban

Twitter CEO Jack Dorsey mentioned Bitcoin and decentralization in a series of tweets explaining why the company decided to ban US President Donald Trump from using the platform last week. Dorsey said it was “the right decision for Twitter,” but admitted that it sets a dangerous precedent. On January 7, Trump was blocked from accessing Twitter, Facebook, Instagram, YouTube and other social networks after he was accused of inciting the storming of the Capitol. Dorsey said it was not an easy decision and that it would have “real and significant consequences.” He said he didn’t want Twitter’s unilateral action to “destroy a free and open global Internet.” According to him, bitcoin demonstrates what the Internet wants to be, and over time there will be more such an Internet. “The reason I love Bitcoin so much has a lot to do with the model it demonstrates: an underlying internet technology that is not controlled or influenced by any individual or organization,” he said. Dorsey also recalled that Twitter is actively “funding initiatives to create an open, decentralized standard for social networks.” Dorsey said last month that the Financial Crimes Enforcement Network (FinCEN) is hindering the development of the US cryptocurrency business.

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