Jack Dorsey, Co-Founder of Bluesky, Steps Down from the Board of the Decentralized Social Media Platform

Jack Dorsey, the co-founder of Twitter, has announced his departure from Bluesky’s board, the decentralized social media platform that he helped create and fund in 2019 while he was still CEO of Twitter. Bluesky confirmed Dorsey’s departure in a post on the platform, expressing gratitude for his support and stating that the platform is now flourishing as an open-source social network. No specific reasons were given for Dorsey’s departure. Prior to the announcement, Dorsey indicated on X that he was no longer on Bluesky’s board. Recently, Dorsey has been active on X, promoting grants for open interest protocols and referring to Elon Musk’s social network as “freedom technology.” Observers noticed that Dorsey had reduced the number of people he follows on the platform and now only follows Musk, Stella Assange (wife of WikiLeaks founder Julian Assange), and NSA whistleblower Edward Snowden. This suggests a possible reconciliation between Dorsey and Musk, despite Dorsey’s previous criticism of Musk’s management of X. Bluesky was initially announced by Dorsey in 2019 and entered beta testing in March 2023 before becoming available to the public in February 2024. Despite being relatively new, Bluesky already has around 5.6 million users. Dorsey’s departure from Bluesky’s board comes as his payments company, Block, shifts its focus to developing a Bitcoin mining system. Block has designed a standalone 3nm Bitcoin mining chip and is collaborating with a semiconductor foundry to finalize its design. Dorsey has been actively involved in the cryptocurrency space and has been an advocate for Bitcoin’s adoption and its potential to transform the financial industry. He has emphasized Bitcoin’s decentralized nature and its ability to serve as a hedge against inflation and government control.