{"id":476096,"date":"2021-11-11T09:03:26","date_gmt":"2021-11-11T09:03:26","guid":{"rendered":"https:\/\/wncen.com\/?p=476096"},"modified":"2024-06-11T14:00:13","modified_gmt":"2024-06-11T14:00:13","slug":"the-new-twitter-crypto-division-opens-up-a-few-questions-heres-what-we-know","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/the-new-twitter-crypto-division-opens-up-a-few-questions-heres-what-we-know\/","title":{"rendered":"The New Twitter Crypto Division Opens Up A Few Questions. Here&#8217;s What We Know"},"content":{"rendered":"<p><span style=\"font-weight: 400\">What does Jack Dorsey think about Twitter\u2019s crypto team? That\u2019s the question. Without fanfare or even an official statement, the new Twitter Crypto division just came into existence. They\u2019ll cover cryptocurrencies and blockchain-related matters. New hire Tess Rinearson took to &#8211; where else? &#8211; Twitter to broadcast her new position and the direction that her leadership will take the company. \u201c<\/span><i><span style=\"font-weight: 400\">We\u2019ll be working to figure out what crypto can do for Twitter, as well as what Twitter can do for crypto<\/span><\/i><span style=\"font-weight: 400\">,\u201d <\/span><a href=\"https:\/\/twitter.com\/_tessr\/status\/71472134\" rel=\"nofollow\"><span style=\"font-weight: 400\">Rinearson said<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-twitter-anatomy-of-the-state\/\">Why Is Bitcoin-Twitter Suddenly Obsessed With The Essay \u201cAnatomy Of The State\u201d?<\/a><\/strong><\/em><\/p>\n<p><span style=\"font-weight: 400\">About Tess herself, <\/span><a href=\"http:\/\/tes.sr\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">through her website<\/span><\/a><span style=\"font-weight: 400\"> she gets us up to speed:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">\u201cMost recently, I worked at the Interchain Foundation, where as VP of Engineering I led teams building open-source infrastructure for many leading blockchain networks, including Cosmos. Among other things, these teams were responsible for Tendermint Core, a popular proof-of-stake consensus engine, and the Inter-Blockchain Communication Protocol, a leading interoperability standard.\u201d<\/span><\/p><\/blockquote>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-476099 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/TWTRUSD_2021-11-11_05-49-09.png?resize=460%2C257\" alt=\"Twitter Price chart for 11\/11\/2021 - TradingView\" width=\"460\" height=\"257\"><\/p>\n<pre style=\"text-align: center\">Twitter price chart on FTX | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/TWTRUSD\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n<h2><span style=\"font-weight: 400\">What Do We Know About The Twitter Crypto Division?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Not much, because Twitter Crypto\u2019s creation didn\u2019t make <\/span><a href=\"https:\/\/blog.twitter.com\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">the company\u2019s blog<\/span><\/a><span style=\"font-weight: 400\">. The team will work directly under Parag Agrawal, Twitter\u2019s CTO. And they\u2019re currently \u201c<\/span><i><span style=\"font-weight: 400\">hiring for roles in engineering and product.<\/span><\/i><span style=\"font-weight: 400\">\u201d According to Rinearson, Twitter Crypto will focus \u201c<\/span><i><span style=\"font-weight: 400\">on crypto, blockchains, and other decentralized technologies\u2014including and going beyond cryptocurrencies<\/span><\/i><span style=\"font-weight: 400\">.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">As I build out the team, we\u2019ll be working to figure out what crypto can do for Twitter, as well as what Twitter can do for crypto. Twitter truly \u201cgets\u201d crypto (hello bitcoin tipping &amp; NFTs!) but there\u2019s so much more to explore here.<\/p>\n<p>&mdash; Tess Rinearson (@_tessr) <a href=\"https:\/\/twitter.com\/_tessr\/status\/71472134?ref_src=twsrc%5Etfw\" rel=\"nofollow\">November 10, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">In her thread, Rinearson identifies three main areas of work for Twitter Crypto:\u00a0<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">\u201c<\/span><i><span style=\"font-weight: 400\">First, we\u2019ll be exploring how we can support the growing interest among creators to use decentralized apps to manage virtual goods and currencies, and to support their work and communities.<\/span><\/i><span style=\"font-weight: 400\">\u201d<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">\u201c<\/span><i><span style=\"font-weight: 400\">Looking farther ahead, we\u2019ll be exploring how ideas from crypto communities can help us push the boundaries of what\u2019s possible with identity, community, ownership and more.<\/span><\/i><span style=\"font-weight: 400\">\u201d<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">\u201c<\/span><i><span style=\"font-weight: 400\">And, of course, we\u2019ll be working closely with the Bluesky team to help shape the future of decentralized social media.<\/span><\/i><span style=\"font-weight: 400\">\u201d<\/span><\/li>\n<\/ol>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">And, of course, we\u2019ll be working closely with the <a href=\"https:\/\/twitter.com\/bluesky?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@bluesky<\/a> team to help shape the future of decentralized social media (and to make sure that Twitter stays on the cutting edge of this new landscape, too!).<\/p>\n<p>&mdash; Tess Rinearson (@_tessr) <a href=\"https:\/\/twitter.com\/_tessr\/status\/23856387?ref_src=twsrc%5Etfw\" rel=\"nofollow\">November 10, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">So, essentially, Twitter Crypto will focus on integration with Web3, the Altcoin world, DeFi, smart contracts, and NFTs. Which, of course, brought every project under the sun and their marketing teams to pitch under Tess Rinearson every tweet.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This brings us to the original question.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">What Would Jack Dorsey Think About The Twitter Crypto Division?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">It\u2019s no secret that Dorsey is a Bitcoin maximalist of the highest order. According to him, Bitcoin is the greatest invention of our lifetime. In the <\/span><a href=\"https:\/\/bitcoinist.com\/key-quotes-and-ideas-from-day-one-of-the-bitcoin-2021-conference-in-miami\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Bitcoin 2021 conference, Dorsey<\/span><\/a><span style=\"font-weight: 400\"> said\u00a0 \u201c<\/span><i><span style=\"font-weight: 400\">All of the other coins, for me, don\u2019t factor in at all<\/span><\/i><span style=\"font-weight: 400\">.\u201d However, even though Twitter enabled tips over the Lightning Network, the company\u2019s actions don\u2019t exactly match Jack Dorsey\u2019s words.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">On the one hand, Dorsey\u2019s talking about building a better world through Bitcoin and denouncing the rising inflation. On the other, Twitter is censoring people, adding bogus disclaimers, and deplatforming everyone who deviates from the official narrative. It seems like the CEO is not in full control of the company he created. And that makes sense if you consider all the money the social media platform produces. And all the interests that work behind the scenes for that machine to keep on moving.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/news\/bitcoin\/hyperinflation-jack-dorsey\/\">Is Hyperinflation Inevitable? Jack Dorsey Says It\u2019ll \u201cChange Everything\u201d<\/a><\/strong><\/em><\/p>\n<p><span style=\"font-weight: 400\">The new Twitter Crypto division is another proof of that fact. While it\u2019s true that Jack Dorsey as a person wouldn\u2019t consider other blockchains, the company he represents is clearly moving in that direction. However, it\u2019s also true that the new team\u2019s creation didn\u2019t make Twitter\u2019s official announcement channels. So, what\u2019s really going on here? Is Twitter really testing the waters of Altcoin land?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Let\u2019s follow <\/span><a href=\"https:\/\/twitter.com\/_tessr\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Tess Rinearson<\/span><\/a><span style=\"font-weight: 400\"> and find out.<\/span><\/p>\n<pre style=\"text-align: center\">Featured Image: Twitter Crypto screenshot from <a href=\"https:\/\/twitter.com\/_tessr\/status\/27963648\" rel=\"nofollow\">this Tweet<\/a> | Charts by <a href=\"https:\/\/www.tradingview.com\/\" rel=\"nofollow\">TradingView<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>What does Jack Dorsey think about Twitter\u2019s crypto team? That\u2019s the question. Without fanfare or even an official statement, the new Twitter Crypto division just came into existence. They\u2019ll cover cryptocurrencies and blockchain-related matters. New hire Tess Rinearson took to &#8211; where else? &#8211; Twitter to broadcast her new position and the direction that her leadership will take the company. \u201cWe\u2019ll be working to figure out what crypto can do for Twitter, as well as what Twitter can do for crypto,\u201d Rinearson said. Related Reading | Why Is Bitcoin-Twitter Suddenly Obsessed With The Essay \u201cAnatomy Of The State\u201d? About Tess herself, through her website she gets us up to speed: \u201cMost recently, I worked at the Interchain Foundation, where as VP of Engineering I led teams building open-source infrastructure for many leading blockchain networks, including Cosmos. Among other things, these teams were responsible for Tendermint Core, a popular proof-of-stake consensus engine, and the Inter-Blockchain Communication Protocol, a leading interoperability standard.\u201d Twitter price chart on FTX | Source: TradingView.com What Do We Know About The Twitter Crypto Division? Not much, because Twitter Crypto\u2019s creation didn\u2019t make the company\u2019s blog. The team will work directly under Parag Agrawal, Twitter\u2019s CTO. And they\u2019re currently \u201chiring for roles in engineering and product.\u201d According to Rinearson, Twitter Crypto will focus \u201con crypto, blockchains, and other decentralized technologies\u2014including and going beyond cryptocurrencies.\u201d As I build out the team, we\u2019ll be working to figure out what crypto can do for Twitter, as well as what Twitter can do for crypto. Twitter truly \u201cgets\u201d crypto (hello bitcoin tipping &amp; NFTs!) but there\u2019s so much more to explore here. &mdash; Tess Rinearson (@_tessr) November 10, 2021 In her thread, Rinearson identifies three main areas of work for Twitter Crypto:\u00a0 \u201cFirst, we\u2019ll be exploring how we can support the growing interest among creators to use decentralized apps to manage virtual goods and currencies, and to support their work and communities.\u201d \u201cLooking farther ahead, we\u2019ll be exploring how ideas from crypto communities can help us push the boundaries of what\u2019s possible with identity, community, ownership and more.\u201d \u201cAnd, of course, we\u2019ll be working closely with the Bluesky team to help shape the future of decentralized social media.\u201d And, of course, we\u2019ll be working closely with the @bluesky team to help shape the future of decentralized social media (and to make sure that Twitter stays on the cutting edge of this new landscape, too!). &mdash; Tess Rinearson (@_tessr) November 10, 2021 So, essentially, Twitter Crypto will focus on integration with Web3, the Altcoin world, DeFi, smart contracts, and NFTs. Which, of course, brought every project under the sun and their marketing teams to pitch under Tess Rinearson every tweet. This brings us to the original question. What Would Jack Dorsey Think About The Twitter Crypto Division? It\u2019s no secret that Dorsey is a Bitcoin maximalist of the highest order. According to him, Bitcoin is the greatest invention of our lifetime. In the Bitcoin 2021 conference, Dorsey said\u00a0 \u201cAll of the other coins, for me, don\u2019t factor in at all.\u201d However, even though Twitter enabled tips over the Lightning Network, the company\u2019s actions don\u2019t exactly match Jack Dorsey\u2019s words.\u00a0 On the one hand, Dorsey\u2019s talking about building a better world through Bitcoin and denouncing the rising inflation. On the other, Twitter is censoring people, adding bogus disclaimers, and deplatforming everyone who deviates from the official narrative. It seems like the CEO is not in full control of the company he created. And that makes sense if you consider all the money the social media platform produces. And all the interests that work behind the scenes for that machine to keep on moving. Related Reading | Is Hyperinflation Inevitable? Jack Dorsey Says It\u2019ll \u201cChange Everything\u201d The new Twitter Crypto division is another proof of that fact. While it\u2019s true that Jack Dorsey as a person wouldn\u2019t consider other blockchains, the company he represents is clearly moving in that direction. However, it\u2019s also true that the new team\u2019s creation didn\u2019t make Twitter\u2019s official announcement channels. So, what\u2019s really going on here? Is Twitter really testing the waters of Altcoin land?\u00a0 Let\u2019s follow Tess Rinearson and find out. Featured Image: Twitter Crypto screenshot from this Tweet | Charts by TradingView<\/p>\n","protected":false},"author":539,"featured_media":476098,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,84674,54512,13179,82423,84672,3891,84671,4257,84670,84673],"class_list":["post-476096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-bitcoin-maximalist","tag-defi","tag-jack-dorsey","tag-nfts","tag-parag-agrawal","tag-smart-contracts","tag-tess-rinearson","tag-twitter","tag-twitter-crypto","tag-web3"],"acf":[],"yoast_head":"\n<title>The New Twitter Crypto Division Opens Up A Few Questions. Here&#039;s What We Know<\/title>\n<meta name=\"description\" content=\"What does Jack Dorsey think about Twitter\u2019s crypto team? That\u2019s the question. 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