What is a Decentralized Social Network and what is BlueSky?
Jack Dorsey’s (founder of Twitter) dream of a decentralized social network project, BlueSky, emerged in December 2019. The project has been in the works since then, and it appears that the project is now well underway.
A Decentralized Social Network provides Safety and Privacy
The BlueSky project wants to create a new type of open-source, decentralized social network to protect itself from any hostile government interference better. Of course, distributed ledger technology (DLT), popular in Bitcoin and cryptocurrencies, is the ideal basis for this new social network.
One of the main virtues of the Bitcoin network (BTC) is its decentralization and resistance to censorship.
On August 16, the project took a new turn with the arrival of Jay Graber, a former Zcash (ZEC) developer. He himself announced on Twitter:
I am pleased to announce that I will be leading Bluesky, an initiative launched by Twitter to decentralize social media (…) I have been working closely with a think tank over the past year to create a decentralized social ecosystem (…) My next task will be to hire staff to staff the Bluesky team. I look forward to working closely with Twitter and others as we begin this journey. It won’t happen overnight, but we will share our progress along the way.
Twitter founder and current CEO Jack Dorsey commented on the tweet and Jay Graber’s appointment, saying that it will now be possible to “move forward much faster.”
Twitter has been heavily criticized for being highly centralized. One of the most recent major scandals was the censorship of the account of Donald Trump, who at the time of the outright shutdown was still the current president of the United States. As controversial as he was, the politician has still not been allowed to appear on the Bluebird network since January.
The crypto sphere will also remember, in July 2020, that Twitter became the target of a massive money-giving scam after its users’ accounts were hacked.
From Elon Musk’s account to that of Bill Gates, Changpeng Zhao (CEO of Binance), or Joe Biden (then a US presidential candidate), they could all have been hacked to transmit a fake Bitcoin donation message that supposedly required sending BTC first to receive a donation, which of course never arrived (giveaway scam).
Is Twitter a good Candidate to host a Decentralized Social Network?
Decentralized social networks would prove to be quite a good technological advancement, whether it relates to ensuring the right to freedom of speech or avoiding the risk of single points of failure, both of which are huge and dangerous problems on the Internet today. What remains to be seen is whether Twitter and its leader, which specializes in monetizing the content its users publish, are ideally suited to handle it all independently.
All the signals are flashing green (or rather blue, in the case of Twitter), but you still don’t have Bitcoin? It’s time to fix that! To enter the crypto sphere with the right foot, you should read our guide to Bitcoin trading.