Jack Dorsey, the co-founder of Twitter, has announced his departure from Bluesky’s board, the decentralized social media platform he helped create and funded in 2019 while serving as CEO of Twitter. Bluesky confirmed Dorsey’s departure in a recent post on the platform, expressing gratitude for his support and funding of the project. Neither Dorsey nor Bluesky provided reasons for his departure. Dorsey’s recent activity on X, a social networking platform, has attracted attention, particularly his endorsement of grants for open interest protocols and his reference to Elon Musk’s social network as “freedom technology.” Observers have noted that Dorsey has significantly reduced the number of accounts he follows on X, with only Musk, Stella Assange, and Edward Snowden remaining. This suggests a possible reconciliation between Dorsey and Musk, following Dorsey’s public criticism of Musk’s management of X last year. Bluesky, which aims to develop a decentralized standard for social media, entered beta testing in March 2023 and was made available to the public on February 7, 2024, boasting around 5.6 million users. Dorsey’s departure from Bluesky’s board coincides with his company Block shifting its focus from chip design to developing a full Bitcoin mining system. Block has designed a standalone three-nanometer Bitcoin mining chip and is collaborating with a semiconductor foundry to finalize the chip’s design. Dorsey has been actively involved in the cryptocurrency space through his role at Twitter and as the CEO of Square Inc., which developed the Cash App for mobile payments and embraced Bitcoin early on. He has been a vocal advocate for Bitcoin, highlighting its decentralized and inclusive nature and its potential to revolutionize finance.
