Market Musings

What Has Donald Trump's Twitter Ban Got to Do with Bitcoin?

Published on:
January 14, 2021

Jack Dorsey says Bitcoin "is what the internet wants to be, and over time, more of it will be.”

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Jack Dorsey has defended Twitter’s decision to permanently ban Donald Trump — with the crypto-friendly entrepreneur citing Bitcoin as “what the internet wants to be.”


The social network’s CEO admitted that the drastic move to de-platform the president “has real and significant ramifications.” In a candid Twitter thread, he wrote:

“I feel a ban is a failure of ours ultimately to promote healthy conversation. And a time for us to reflect on our operations and the environment around us.” 

Dorsey also warned that such removals set a dangerous precedent, as it suggests that individuals and companies have power over the global public conversation. He added:

“This moment in time might call for this dynamic, but over the long term it will be destructive to the noble purpose and ideals of the open internet.”

In a subsequent message that was retweeted more than 4,000 times, Dorsey wrote:

“The reason I have so much passion for #Bitcoin is largely because of the model it demonstrates: a foundational internet technology that is not controlled or influenced by any single individual or entity. This is what the internet wants to be, and over time, more of it will be.”

Dorsey added that Twitter is aiming to increase the levels of decentralization in its organization, too.


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