Jack Dorsey
JAY-Z & Jack Dorsey Team Up To Bring ‘Bitcoin Academy’ To Marcy Projects Residents
HipHopWired Featured Video Source: Ezra Shaw / Getty JAY-Z and former Twitter founder Jack Dorsey are teaming up to teach financial literacy, but they face some criticism. JAY-Z and Dorsey have teamed up for The Bitcoin Academy Teaching financial literacy in underserved communities should always be a good thing, especially about cryptocurrency. JAY-Z and Dorsey have teamed up for The Bitcoin Academy, a bitcoin-focused financial literacy program that HOV and Dorsey want to bring to the residents of the rapper’s old stomping grounds, Marcy Projects. JAY-Z and Jack Dorsey are no strangers when working with each other. Dorsey’s digital-payments company Block (née Square) purchased a majority stake in Jigga’s streaming service Tidal in 2021. The two partnered up by combining their bitcoin holdi...
Jack Dorsey is building ‘Web5’ powered by Bitcoin
Block subsidiary TBD has announced plans to build a new decentralized web centered around Bitcoin (BTC), underscoring founder Jack Dorsey’s belief that the largest blockchain network will play a major role in the internet’s evolution. The new project, called “Web5,” represents the latest Bitcoin-centric endeavor to be pursued by Dorsey since stepping down as CEO of Twitter in November 2021. Whereas Web3 incorporates blockchain technology and tokenization to decentralize the internet, Web5 is being envisioned as an identity-based system that only utilizes one blockchain: Bitcoin. Twitter user Namcios broke down the concept of Web5 in a series of tweets that described several software components working together to enhance the user’s experience and enable decentralized identity m...
Twitter Shareholder Sues Elon Musk for Share Price ‘Manipulation’
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‘Decentralized Twitter’ Bluesky releases code, outlines content moderation
Twitter’s decentralized social media project Bluesky has released its first batch of code, and also committed to content moderation on the network. Former Twitter CEO Jack Dorsey first announced Bluesky back in late 2019, but the project went independent in February after receiving $13 million worth of funding from Twitter. However, Dorsey is still a member of the board. Bluesky released its “Authenticated Data eXperiment” (ADX) protocol code via a May 5 blog post titled “Working in Public.” The team noted that it will be publicly sharing the process of developing the platform by “releasing work before it’s complete, but also giving ourselves time to workshop new directions at early stages.” Today we’re open-sourcing the Authenticated Data eXperiment (ADX) to begin working in public....
Twitter Founder Jack Dorsey Posts Radiohead Song to Express Feelings About Elon Musk
Twitter co-founder Jack Dorsey has a lot of feelings about Elon Musk buying his company, and like many 45-year-old men with questionable beard games, he chose to express himself in the form of a Radiohead song. And while close readers might attempt to find evidence of satire in the choice, Dorsey seemed to show his support for Musk when he tweeted out the Kid A track, “Everything in Its Right Place.” Before Musk’s purchase, Dorsey owned a little more than 2% of Twitter, and while he maintained a seat on the board, he was expected to leave that post next month. As he explained in a Twitter thread, he sees Musk as the right man to continue his work. “I love Twitter. Twitter is the closest thing we have to a global consciousness,” he wrote in explanation of his Radiohead post. ...
Here’s What Twitter’s New “Edit” Feature Could Look Like
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Elon Musk Buys 9.2% of Twitter, Considers Own Social Media Company
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Counterfeit NFTs result in marketplace shutdown: Experts weigh in
“Rampant” issues relating to minting counterfeit nonfungible tokens, or NFTs, have forced popular platform Cent to halt some operations. Founded in 2017, Cent kicked off as a “social network and informal platform for creative experimentation.” In 2020, the team also launched an NFT platform called Valuables to mint and auction iconic tweets. Jack Dorsey’s first tweet, “just setting up my twttr,” sold for $2.9 million on the platform in March last year. On February 6th, the platform ceased NFT trading due to “a spectrum of activity” that “shouldn’t be happening.” Cameron Hejazi, co-founder of Cent told Cointelegraph: “People in this space tend to cry ‘caveat emptor’ or ‘buyer beware’ but protecting creators from those who might steal or abuse their work —...
Jack Dorsey on UBI: Bitcoin encourages transparency, long-term thinking
Twitter co-founder and Block (previously Square) CEO Jack Dorsey discussed the implications of a Bitcoin (BTC)-powered universal basic income (UBI) strategy with US congressional candidate and a full-time elementary school teacher, Aarika Rhodes. “Obscurity of information forces and incentivizes people to negative (financial) behaviors that don’t work for them, their community or family,” said Dorsey while pointing out the lack of transparency within the existing centralized financial system. “If there’s one thing to focus on in Bitcoin — the operations are transparent, the code is transparent, the policy is transparent.” This base foundation of BTC is what Dorsey believes has the potential to solve numerous use cases and problems as a direct result of using fiat currency. Through bu...
Crypto Biz: What’s up with Jack? Dec. 16–23
When you’re no longer at the helm of a publicly-traded company, you have more leeway to express controversial views. Former Twitter CEO Jack Dorsey took to social media this week to express his discontent over venture capital’s role in Web 3.0. Some of his Twitter followers agreed with his views, others disagreed and some even blocked him entirely. Below is the concise version of the latest “Crypto Biz” newsletter, which is sent to your inbox every Thursday. For a comprehensive breakdown of business developments over the last week, register for the full newsletter below. “You don’t own Web 3.0,” says Dorsey Dorsey’s gripe with Web 3.0 — a broad term that refers to a more decentralized and interconnected version of the internet — stems from th...
‘You don’t own Web 3.0,’ says Jack Dorsey, criticizing its centralized nature
In a series of tweets posted on Tuesday, Jack Dorsey, the co-founder and former CEO of Twitter, as well as the founder and CEO of Square (now Block), voiced his criticism over the direction of Web 3.0 development. Elon Musk, the CEO of Tesla, joined Dorsey in the mockery. On an unrelated note, the same day, Dorsey replied, “Bitcoin will” when asked if crypto will replace the dollar. Within context, Web 3.0 is a decentralized version of the virtual world that will, in part, feature public blockchains, metaverse technology, nonfungible tokens and decentralized finance free from the grasp of centralized power sources, such as corporate servers. You don’t own “web3.” The VCs and their LPs do. It will never escape their incentives. It’s ultimately a centralized entity wit...
Twitter Co-Founder Jack Dorsey Announces He Is Stepping Down as CEO
Twitter CEO and co-founder Jack Dorsey will step down as the tech company’s chief executive. Parag Agrawal, Twitter’s CTO, will succeed Dorsey as the company’s new CEO, effective immediately. Twitter announced the news Monday, with the company’s board unanimously approving of Agrawal as Dorsey’s replacement. Dorsey will remain on Twitter’s board of directors through his current term, which runs into 2022. Once his term ends, Dorsey told staff in an email (with the subject line “Fly”) that he will leave the company entirely. Current board member Bret Taylor will become the company’s chairman. “I’ve decided to leave Twitter because I believe the company is ready to move on from its founders. My trust in Parag as Twitter’s CEO is deep. His work over the past 10 years ...
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