Jack Dorsey's $10M Donation To Decentralized Twitter Alternative Ends Up Funding Brazilian Fascist

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Jack Dorsey, co-founder of Twitter (now known as X), inadvertently funded a developer with ties to a Brazilian fascist through his $10 million donation to the decentralized social-media protocol. The recipient of Dorsey's funding, Giovanni Torres Parra (also known as Fiatjaf), is the founder of Nostr, a decentralized social-media protocol. Parra has created webpages dedicated to spreading the work of far-right conspiracy theorist Olavo de Carvalho. Despite the controversy, Dorsey remains a vocal advocate for Nostr, describing it as a 'truly open protocol' with a rapidly evolving development environment. Dorsey's funding included 14 Bitcoins worth approximately $245,000 and was provided to a foundation supporting Nostr and directly to Parra. Parra's political views, shaped by the Austrian school of economics, led him to create a decentralized protocol as an alternative to Twitter's increasing censorship. Dorsey has faced criticism as the 'face of censorship' at Twitter 1.0 and attributed the platform's censorship issues to its advertising-based business model. Earlier in May, Dorsey's company, Block Inc., addressed a potential Department of Justice investigation into transactions possibly linked to sanctioned countries.

#JackDorsey #Twitter #DecentralizedSocialMedia #Nostr #GiovanniTorresParra #Fiatjaf #OlavoDeCarvalho #Censorship #AustrianSchoolOfEconomics #BlockInc