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 how many tweets a user can view per day.

In the late hours yesterday, July 1, American billionaire and chairman of Twitter, Elon Musk, announced that Twitter would be temporarily limiting the number of posts a user can view daily in an attempt to “address extreme levels of data scraping & system manipulation.”

Musk, who acquired Twitter for $44 billion in October 2022, stated that verified accounts are now restricted to reading 6,000 posts per day, with the daily limit set at 600 posts for unverified accounts and 300 posts for new unverified handles.

However, the view limits have been raised twice since then, with verified accounts now allowed to view 10,000 tweets daily, while unverified and new unverified accounts can read 1,000 and 500 posts per day, respectively. 

Jack Dorsey Advises Twitter Team To Test Decentralized Protocols

As expected, these new view limits have drawn many reactions from Twitter’s numerous users, most notably from the company co-founder Jack Dorsey.

Dorsey expressed that he understood that managing Twitter was no easy task, stating the current team was only “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 further, nudging the Twitter management to attempt building on decentralized protocols describing this technology as vital to a free internet space. 

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 known crypto and web3 advocate. Following the acquisition of Twitter by Musk, Dorsey invested 14 bitcoin (valued at $245,000 at the time) to fund the development of Nostr, which functions as a decentralized social network.

Nostr functions similarly to Twitter and is supported by Bitcoin maximalists, although it is not built on the Bitcoin blockchain. In addition to its social networking role, Nostr is also designed to process payments on Bitcoin’s Lightning Network. 

How Could Twitter New Restrictions Affect The Crypto Space?

The Bluebird app is a vital social media tool for engagement in the crypto space, as it allows for ICO announcements, bounty campaign promotions, and general project news. 

Although this change is temporary, one could only wonder about the ripple effects of the new Twitter views limit on its vibrant community. For now, these effects appear to be minimal, with the total crypto market cap rising by 0.4% in the last 24 hours, according to data by Coingecko.

Bitcoin, the premier cryptocurrency, is trading at $30,534 with a 0.3% gain in the last day. The token’s daily trading volume is valued at $5.91 billion, while its market cap stands at an impressive $592.76 billion. 

BTCUSD trading at $30,520 | BTCUSD chart from TradingView

Featured image from BBC News, chart from TradingView