Under Elon Musk’s leadership, Twitter has revised its competitor promotion policies and focused on a social network that supports bitcoin and its decentralized nature, Nostr.
As a new social network, it is still an idea being tested and built with support from the bitcoin community.
For example, the co-founder of Twitter himself, Jack Dorsey, donated 14 bitcoins to the development of the platform in recent days.
It is notable that Elon Musk has been criticized by the cryptocurrency community after he took charge of Twitter. In recent days, Ethereum creator Vitalik Buterin has said that Musk is moving toward authoritarianism.
Twitter is banning social network ads that support bitcoin and ex-CEO revolts
It appears that social networks that compete with Twitter are prohibited from purchasing advertisements on the social network.
At least that is what the co-founder of Nostr, who goes by the anonymous name “Fiatjaf”, claims. According to him, the new rules prohibit his network from advertising on Elon Musk’s network, which evoked different feelings among followers.
One of those outraged by the episode was former Twitter CEO himself, Jack Dorsey, who said the new rules are wrong🇧🇷
makes no sense
— jack (@jack) December 18, 2022
In addition to Nostr, Facebook, Instagram, Mastodon, Truth Social, Tribel and Post other networks are barred from advertising on Twitter. Link aggregators “linktr.ee” and “lnk.bio” were also banned from the network.
Despite Twitter removing the page following the negative fallout, versions remain Wayback machine show the strict rules against competitors.
What is the Nostr decentralized network?
The co-founder of Nostr, Fiatjaf, is one of the developers of the ZEBEDEE project, whose CTO is Brazilian André Neves. After the social network receive 14 bitcoins from Jack Dorsey, for example, Neves gave more support to the social network with the creation of a relay race.
Given the recent announcements of @jack‘s financing of @nbd_wtf 🇧🇷 @zebedeeio developer @fiatjaf to work and cherish #nose community, I thought it was time to roll out a solid, production-ready relay
Presentation from https://t.co/PTFKygW6dL
wss://nostr.zebedee.cloud#nose 🇧🇷 #Bitcoin— Andre Neves (@andreneves) December 16, 2022
What draws Nostr’s attention is that the new social network carries the ideal of bitcoin decentralization in its foundations. Thus, the idea of ​​a platform that resists censorship remains in the philosophy of the developers.
Nostr is an open protocol that does not rely on a reliable central server, unlike other networks such as Facebook and Twitter itself. many of the calls big techiesincluding, are distrusted by users, especially after the “Cambridge Analytica” scandal.
With its architecture, the new social interaction tool presents itself as a resilient network, based on public and private keys, with signatures that make it inviolable.
“Nostr is a decentralized protocol that allows users to take control of their own data and identity.”
Going forward, it is usually a network working to include bitcoin in its means of payment, as its creators are fans of the digital currency.
However, it is still a new social network and needs help building its technology. Billionaire Jack Dorsey himself has asked South Americans to create their own relays on Nostr, to make the network even more secure.
anyone in Africa willing to run a nostr relay? #bitcoin https://t.co/M21ySEofyS
Needs also in Central and South America…
— jack (@jack) December 18, 2022
Source: Live Coins
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
