Jack Dorsey’s love of Bitcoin

Jack Dorsey was the co-founder of X (Twitter) which he sold to Elon Musk in 2022 for $44billion. Shortly after, Dorsey launched Bluesky, a decentralized social medium he hoped to be everything that Twitter was not. However, in the early weeks of May 2024, Dorsey left Bluesky maintaining it was repeating all the mistakes Twitter had made, especially as it had rolled out moderation tools and was becoming highly centralized. But Bluesky is not Dorsey’s first venture into decentralization - for a long time he has been an advocate of blockchain technology. Founded by Jack Dorsey and Jim McKelvey in 2009, what was Square has now changed its name to Block. It quickly became a “leading platform for merchant services and mobile payments, serving millions of small businesses by offering credit card processing, sales tracking, and financing solutions.” The change from Square to Block was in 2021, with the new name reflecting a range of services and hinting at its interest in blockchain technolog…