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Twitter's decentralized project Bluesky emphasizes future independent development, Twitter founder: Taking back the platform from Wall Street is the correct first step.

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After Elon Musk's official acquisition of Twitter, the decentralized project "Bluesky" clarifies its independence and emphasizes that development work will continue in the future; Twitter founder Jack Dorsey stated that while he does not advocate for anyone owning or running Twitter, Musk would be his only trusted solution.

Bluesky: Focused on Achieving Decentralized Vision

Bluesky stated on Twitter that the excitement about Twitter's future following the acquisition makes it a good time to clarify the relationship between Bluesky and Twitter.

Bluesky originated in 2019, and this year, Bluesky PBLLC was established as an independent company focused on developing decentralized social networks.

The project can freely use funds without being accountable to shareholders, having received $13 million to ensure development freedom and independence. Jack Dorsey is a member of the board, the company is team-owned, and Twitter has no equity stake.

Bluesky will accept funding from Twitter on the condition that it does not interfere with Bluesky's technology for achieving an open-source, decentralized social platform.

The key technology being developed is a self-verification mechanism on the platform that does not require external intervention. This way, even if the public uses services operated by private institutions, their accounts will not be locked by the platform. Bluesky emphasizes its efforts to achieve and establish a long-lasting public conversation protocol.

Jack Dorsey: Trust Only in Musk

Jack Dorsey's full statement following the acquisition:

I love Twitter, it is the most globally significant thing we have.

The principles and service are important to me, and I will do everything to protect both. Twitter as a "company" has always been a puzzle for me, and my biggest regret is that it has been taken over by Wall Street and a commercial advertising model. Taking it back from Wall Street is the right first step.

Essentially, I don't believe anyone should own or run Twitter. Twitter wants to be a protocol-level public product rather than a company. However, to address the issue of it being a company, Elon is the only solution I trust. I believe his mission is to expand the light of consciousness.

Elon wants to create a platform of "highest trust and broadest inclusion," a goal that is right and also the goal of Parag Agrawal, the reason I chose him as CEO after stepping down. Agrawal is Jack Dorsey's successor.

Thank you both for getting the company out of a difficult situation. I wholeheartedly believe this is the right path. I am excited that Twitter will continue to serve public conversations, expand globally, and enter the stars!