They Found a Way to Limit Big Tech’s Power: Using the Design of Bitcoin

Companies inspired by the cryptocurrency are creating social networks, storing online content and hosting websites without any central authority.

Jack Dorsey, Twitter’s chief executive, publicly wrestled this month with the question of whether his social media service had exercised too much power by cutting off Donald J. Trump’s account. Mr. Dorsey wondered aloud if the solution to that power imbalance was new technology inspired by the cryptocurrency Bitcoin.

When YouTube and Facebook barred tens of thousands of Mr. Trump’s supporters and white supremacists this month, many flocked to alternative apps such as LBRY, Minds and Sessions. What those sites had in common was that they were also inspired by the design of Bitcoin.

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https://www.nytimes.com/2021/01/26/technology/big-tech-power-bitcoin.html

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