Unlike mainstream social platforms, which run private code that they control, decentralized social networks make their systems public so users can potentially build their own apps and communities. Dorsey has since said that Twitter should have been built as a different kind of social network: a decentralized one. Dorsey, who also leads the payments start-up Block (formerly known as Square), stepped down as Twitter’s chief executive. He also blamed Wall Street for turning Twitter away from its primary role as a communications platform, pressuring it to make money and to eventually sell itself to the highest bidder. Dorsey, who supports free speech, lamented that Twitter had become too powerful as an arbiter of what kind of posts should stay online and what should be pulled down. And while the social network’s success turned him into a billionaire, he appeared to become disillusioned in recent years with Twitter’s direction.Īmong other things, Mr. Dorsey, who helped found Twitter in 2006, was the company’s chief executive for eight years over two different stints. Musk did not respond to requests for comment.

Dorsey has started using Bluesky, a new social network. And in December, he donated 14 Bitcoin, worth about $250,000 at the time, to the pseudonymous creator of Nostr, who goes by the handle “fiatjaf.” Dorsey was Twitter’s chief executive, he funded Bluesky as a project that would allow all social networks to be decentralized by easily sharing posts and users. Dorsey is also putting his money where his posts are by backing Twitter’s new competitors. Musk’s ownership of Twitter, becoming the latest in a long line of Silicon Valley founders who express disappointment in those who take over their companies. Dorsey posts about is aligned with his interests in cryptocurrency and open source technology, where code is made public so people can tinker and reuse it.

Dorsey’s recent and abundant activity on Nostr and Bluesky signals that he still has a lot to say. Musk bought the social media company last year for $44 billion.

Dorsey, 46, the Bitcoin-loving techie who was for years the most prominent face of Twitter, appeared to fade from public view after Mr.

“But it happened and all we can do now is build something to avoid that ever happening again.”

Jack & Jim by Kitty Crowther