Twitter and Facebook Want to Shift Power to Users. Or Do They?

Posted in: Internet Use/New Technologies at 19/12/2019 21:13

A decentralized internet was hailed as a way to dethrone Twitter and Facebook. But to the tech giants, the idea could unload some of their burdens.

Not so long ago, the technology behind Bitcoin was seen in Silicon Valley as the best hope for challenging the enormous, centralized power of companies like Twitter and Facebook.

Now, in an unexpected twist, the internet giants think that technology could help them solve their many problems.

The chief executive of Twitter, Jack Dorsey, said last week that he hoped to fund the creation of software for social media that, inspired by the design of Bitcoin, would give Twitter less control over how people use the service and shift power toward users and outside programmers.
https://www.nytimes.com/2019/12/18/technology/facebook-twitter-bitcoin-blockchain.html

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