Jack Dorsey, Twitter co-founder, former CEO, and an ardent Bitcoin supporter, has reacted to the newly-imposed Twitter restrictions on what number of tweets a consumer can view per day.
In the late hours yesterday, July 1, American billionaire and chairman of Twitter, Elon Musk, announced that Twitter could be briefly limiting the variety of posts a consumer can view every day in an try to “address extreme levels of data scraping & system manipulation.”
Musk, who acquired Twitter for $44 billion in October 2022, acknowledged that verified accounts are actually restricted to studying 6,000 posts per day, with the every day restrict set at 600 posts for unverified accounts and 300 posts for brand new unverified handles.
However, the view limits have been raised twice since then, with verified accounts now allowed to view 10,000 tweets every day, whereas unverified and new unverified accounts can learn 1,000 and 500 posts per day, respectively.
Jack Dorsey Advises Twitter Team To Test Decentralized Protocols
As anticipated, these new view limits have drawn many reactions from Twitter’s quite a few customers, most notably from the corporate co-founder Jack Dorsey.
Dorsey expressed that he understood that managing Twitter was no straightforward process, stating the present crew was solely “doing their best.”
“Running Twitter is hard. I don’t wish that stress upon anyone. I trust that the team is doing their best under the constraints they have, which are immense. It’s easy to critique the decisions from afar…which l’m guilty of…but I know the goal is to see Twitter thrive. It will.” He tweeted
In a follow-up tweet, Dorsey went additional, nudging the Twitter administration to aim constructing on decentralized protocols describing this know-how as important to a free web area.
He tweeted:
“And I do hope they consider building on truly censorship-resistant open protocols like bitcoin and nostr to help ease that burden. Good for all, and critical to preserve the open internet.”
Jack Dorsey is a recognized crypto and web3 advocate. Following the acquisition of Twitter by Musk, Dorsey invested 14 bitcoin (valued at $245,000 on the time) to fund the event of Nostr, which features as a decentralized social community.
Nostr features equally to Twitter and is supported by Bitcoin maximalists, though it’s not constructed on the Bitcoin blockchain. In addition to its social networking function, Nostr can be designed to course of funds on Bitcoin’s Lightning Network.
How Could Twitter New Restrictions Affect The Crypto Space?
The Bluebird app is an important social media instrument for engagement within the crypto area, because it permits for ICO bulletins, bounty marketing campaign promotions, and normal challenge information.
Although this alteration is non permanent, one might solely marvel concerning the ripple results of the brand new Twitter views restrict on its vibrant group. For now, these results seem like minimal, with the full crypto market cap rising by 0.4% within the final 24 hours, based on data by Coingecko.
Bitcoin, the premier cryptocurrency, is buying and selling at $30,534 with a 0.3% achieve within the final day. The token’s every day buying and selling quantity is valued at $5.91 billion, whereas its market cap stands at a formidable $592.76 billion.
BTCUSD buying and selling at $30,520 | BTCUSD chart from TradingView
Featured picture from BBC News, chart from TradingView
