JACK DORSEY: Twitter Developing Decentralized Standard for Social Media | Bitcoin Price 7-Month Low?

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Jack Dorsey, Twitter CEO and founder of payments operator Square, has revealed that Twitter is funding a dedicated team to develop a decentralized standard for social media.

In a series of tweets on Dec. 11th, Dorsey set forth a number of challenges social media networks face in their operations.

These include the shift away from content hosting and removal to recommendation algorithms directing users’ attention, and content that sparks controversy and outrage rather than healthy and informative conversations.

In other Crypto news today:

The Bitcoin price is headed to 7-month low if $7,000 support fails. For the past few days, the BTC price has ranged between $7,400 to $7,100 and it seems bears are keen to push the Bitcoin (BTC) price back below $7,000 before this week closes.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

Twitter is funding a small independent team of up to five open source architects, engineers, and designers to develop an open and decentralized standard for social media. The goal is for Twitter to ultimately be a client of this standard. 🧵

— jack 🌍🌏🌎 (@jack) December 11, 2019