Twitter founder Jack Dorsey, through his philanthropic initiative #startsmall, donated $21 million to the Bitcoin non-profit organization OpenSats to support the further development of Bitcoin and open-source projects. At the same time, Dorsey confirmed that he has stepped down from the board of directors of the decentralized social project BlueSky.
Twitter founder Jack Dorsey and his company have been actively developing the Bitcoin ecosystem. His company, Block (formerly Square), announced on the 24th of last month that it has completed the development of 3-nanometer Bitcoin mining chips, bringing it closer to the goal of decentralized Bitcoin mining hardware supply and computational power distribution. On the 25th of last month, Block introduced the feature of converting sales into Bitcoin for its merchants.
Jack Dorsey donated $21 million to the Bitcoin non-profit organization OpenSats. Following this, on the 4th, Jack Dorsey’s philanthropic initiative #startsmall donated $21 million to the Bitcoin non-profit organization OpenSats. The organization is dedicated to providing funding for Bitcoin and open-source project developers to enhance public access to Bitcoin infrastructure.
As for how this funding will be utilized, Opensats stated:
Before this news was released, data privacy advocate Edward Snowden called for increased privacy features in the Bitcoin protocol. Dorsey retweeted Snowden’s tweet and announced the donation. In response, some netizens quoted Dorsey’s previous views on Bitcoin, saying, “Bitcoin truly changes everything. There is nothing more important in my lifetime.”
Dorsey leaves Bluesky board
It is worth mentioning that when Dorsey promoted his new charitable donation, a netizen asked if he is still on the board of the decentralized social project Bluesky, to which he answered “no.”
Bluesky is a community network protocol aimed at pursuing Dorsey’s Platonic ideal, hoping to establish a standard for social networking sites to free them from restrictions and central control. Bluesky was opened to all interested users in February, no longer limited to invitation-only.
In addition, on the 4th, Dorsey tweeted on X:
Dorsey’s final sentence, “You are using one,” implies that X platform is also a form of free technology. This indicates a clear improvement in the relationship between Musk and Dorsey. A year ago, Dorsey had expressed on Bluesky that everything went bad after Musk took over Twitter and thoroughly transformed it.
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