The new Twitter Crypto division raises several questions.  Here’s what we know

The new Twitter Crypto division raises several questions. Here’s what we know

What does Jack Dorsey think of Twitter’s crypto team? That’s the question. Without pomp or even an official statement, a new Twitter Crypto division has just emerged. They will cover cryptocurrencies and blockchain issues. New employee Tess Rinearson took – where else? – Twitter to broadcast her new position and the direction in which her leadership will lead the company. “We will work to find out what crypto can do for Twitter, as well as what Twitter can do for crypto, ” said Rinearson.

Related Reading | Why is Bitcoin-Twitter suddenly obsessed with the essay “Anatomy of the State”?

About Tess herself, through her website it brings us to speed:

“I most recently worked at the Interchain Foundation, where as vice president of engineering I led teams that built an open source infrastructure for many leading blockchain networks, including Cosmos. Among other things, these teams were responsible for Tendermint Core, a popular consensus mechanism for proving roles, and the Inter-Blockchain Communication Protocol, the leading standard for interoperability. ”

Twitter price chart on FTX | Source: TradingView.com

What do we know about the Twitter Crypto Division?

Not much, because the Twitter Crypto creation failed company blog. The team will work directly under Parago Agrawal, Twitter’s CTO. And at the moment they are “employment for engineering and product roles.“According to Rinearson, Twitter Crypto will focus”on cryptocurrencies, blockchains and other decentralized technologies – including going beyond cryptocurrencies. ”

In his topic, Rinearson identifies three main areas of work for Twitter Crypto:

  1. We will first explore how we can support the growing interest among creators to use decentralized applications to manage virtual goods and currencies, and to support their work and communities.
  2. Looking further ahead, we will explore how ideas from crypto communities can help us push the boundaries of the possible with identity, community, ownership, and more.
  3. And, of course, we will work closely with the Bluesky team to help shape the future of decentralized social media.

So, essentially, Twitter Crypto will focus on integration with Web3, Altcoin World, DeFi, smart contracts and NFTs. Which, of course, led to every project being under the sun and their marketing teams suggesting Tess Rinearson every tweet.

This brings us to the original question.

What would Jack Dorsey think of the Twitter Crypto Division?

It’s no secret that Dorsey Bitcoin is a top-notch maximalist. According to him, Bitcoin is the greatest invention of our lives. U Bitcoin 2021 Conference, Dorsey he said “All the other coins, for me, are out of the question at all. ” However, although Twitter has provided tips for the Lightning Network, the company’s actions don’t exactly match Jack Dorsey’s words.

On the one hand, Dorsey talks about building a better world through Bitcoin and condemns rising inflation. Twitter, on the other hand, censors people, adds false statements of disclaimer, and deplatforms anyone who deviates from the official narrative. The CEO does not seem to have complete control over the company he created. And that makes sense if you take into account all the money that the social media platform produces. And all the interests that work behind the scenes to keep that machine moving.

Related Reading | Is hyperinflation inevitable? Jack Dorsey says it will “change everything”

The new Twitter Crypto division is another proof of that fact. While it’s true that Jack Dorsey as a person wouldn’t consider other blockchains, the company he represents is clearly moving in that direction. However, it is also true that the creation of the new team did not reach the official Twitter channels. So what’s really going on here? Does Twitter really test the waters of the Altcoin country?

We follow Tess Rinearson and find out.

Featured Image: Twitter Crypto screenshot from this Tweet | Charts by TradingView



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