jack dorsey

Twitter's rush to advertising monetization and centralized protocol ownership created vulnerability to government and advertiser pressure; an open protocol with user-chosen algorithms would have aligned incentives with users and resisted censorship.

Blue Sky's corporate-controlled protocol development creates single-point-of-failure risks similar to Twitter; Nostr's decentralized, individual-driven development model mirrors Linux and Unix, making it more durable and resistant to capture.

Bitcoin's open, leaderless consensus model and 16-year track record without downtime or security breaches make it a trustworthy currency for cross-border remittance and eventually everyday commerce, enabling internet-native business models that bypass traditional payment networks.

If Mastercard adopts open protocols for moving money on the internet, it can build a phenomenal business on convenience and friction removal without owning the payment network, expanding total addressable market and transaction volume.

If Visa adopts open protocols for moving money on the internet, it can build a phenomenal business on convenience and friction removal without owning the payment network, expanding total addressable market and transaction volume.

Block's Square and Cash App ecosystems are constrained by country-by-country banking partnerships; adopting Bitcoin as an open monetary protocol would allow instant global launch without regulatory approval, aligning with internet principles.

Jack Dorsey is aggressively transforming Block from a hierarchical organization into an intelligence-centered company where AI agents (Goose, Claude Code) handle information flow, reducing management layers from 5 to 2-3 and enabling every employee to query the company's world model in real time. He believes the company's limiting factor is its roadmap, and AI will let customers drive product development directly.