Jack Dorsey Champions Open Protocols To Redefine Social Media Landscape

Jack Dorsey, the visionary co-founder of Twitter and Block CEO, is once again challenging the status quo by investing $10 million in experimental open-source projects designed to transform the social media landscape.

Innovating Beyond Conventional Platforms

In a bold shift from traditional corporate social media models, Dorsey is spearheading a series of initiatives under an online collective called And Other Stuff, which was founded in May. The group, which includes influential figures such as Twitter’s first employee Evan Henshaw-Plath, Cashu creator Calle, former Truth Social engineer Alex Gleason, and Intercom veteran Jeff Gardner, is set on creating a community of hackers rather than building another company.

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Redefining Social Media Through Open Innovation

Initially collaborating on Nostr, an open, apolitical social networking protocol, the team now extends its experimental eye to alternatives like ActivityPub—the protocol behind Mastodon—and Cashu. Their portfolio includes early-stage apps such as Bitchat, Sun Day, Shakespeare, and heynow, as well as tools like the Cashu wallet and the privacy-first messenger White Noise. These innovations demonstrate a commitment to creating platforms that promote both developer autonomy and user empowerment.

A Philosophical Pivot Away From Advertiser Dominance

Dorsey’s renewed approach questions the long-accepted corporate mechanisms that have long shaped social media. Reflecting on Twitter’s evolution, he argues that platforms reliant on advertising revenue inherently hinder open innovation and creative disruption. His experience highlights the limitations of traditional business models—where advertiser pressure can erode revenue streams and compromise platform integrity—and drives his pursuit of open, protocol-driven ecosystems.

Embracing AI-Driven Development And A New Social Contract

Recent advances in AI-assisted coding have enabled the team to rapidly prototype and deploy new applications. Projects like Shakespeare, an app-building platform for Nostr-based social networks with AI support, illustrate this cutting-edge synergy between technology and community-driven development. In parallel, efforts to outline a comprehensive Social Media Bill of Rights aim to guarantee privacy, security, and transparency while ensuring interoperability and user governance.

A Vision For A Decentralized And Accountable Future

Dorsey’s initiatives are not without precedent. His earlier support of open protocols eventually seeded the creation of Bluesky, though he remains critical of models dependent on VC funding and centralization. By advocating for a future modeled after decentralized principles akin to Bitcoin and Nostr, he envisions a platform ecosystem where businesses can thrive without compromising the public benefit of an open protocol.

Through collaborations, innovative app development, and engaging discussions, such as his recent podcast appearance on revolution.social—Dorsey and his team are laying the groundwork for a radical redefinition of social media. As these experiments progress, the journey towards an open, accountable, and truly decentralized social network promises to reshape how users interact online.

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Strained Household Finances: Eurostat Data Reveals Persistent Payment Delays Across Europe and in Cyprus

by THEFUTURE.TEAM

November 22, 2025

Improved Financial Resilience Amid Ongoing Strains

Over the past decade, Cypriot households have significantly increased their ability to manage debts—not only bank loans but also rent and utility bills. However, recent Eurostat data indicates that Cyprus continues to lag behind the European average when it comes to covering financial obligations on time.

Household Coping Strategies and the Limits of Payment Flexibility

While many families are managing their fixed expenses with relative ease, one in three Cypriots struggles to cover unexpected costs. This delicate balancing act highlights how routine payments such as mortgage installments, rent, and utility bills are met, but precariously so, with little room for unplanned financial shocks.

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Breaking Down Payment Delays Across the European Union

Eurostat reports that nearly 9.2% of the EU population experienced delays with their housing loans, rent, utility bills, or installment payments in 2024. The situation is more acute among vulnerable groups: 17.2% of individuals in single-parent households with dependent children and 16.6% in households with two adults managing three or more dependents faced payment delays. In every EU nation, single-parent households exhibited higher delay rates compared to the overall population.

Cyprus in the Crosshairs: High Rates of Financial Delays

Although Cyprus recorded a notable 19.1 percentage point improvement from 2015 to 2024 in delays related to mortgages, rent, and utility bills, the island nation still ranks among the top five countries with the highest delay rates. As of 2024, 12.5% of the Cypriot population had outstanding housing loans or rent and overdue utility bills. In contrast, Greece tops the list with 42.8%, followed by Bulgaria (18.7%), Romania (15.3%), Spain (14.2%), and other EU members. Notably, 19 out of 27 EU countries reported delay rates below 10%, with Czech Republic (3.4%) and Netherlands (3.9%) leading the pack.

Selective Improvements and Emerging Concerns

Between 2015 and 2024, the overall EU population saw a 2.6 percentage point decline in payment delays. Despite this, certain countries experienced increases: Luxembourg (+3.3 percentage points), Spain (+2.5 percentage points), and Germany (+2.0 percentage points) saw a rise in payment delays, reflecting underlying economic pressures that continue to challenge financial stability.

Economic Insecurity and the Unprepared for Emergencies

Another critical indicator explored by Eurostat is the prevalence of economic insecurity—the proportion of the population unable to handle unexpected financial expenses. In 2024, 30% of the EU population reported being unable to cover unforeseen costs, a modest improvement of 1.2 percentage points from 2023 and a significant 7.4 percentage point drop compared to a decade ago. In Cyprus, while 34.8% still report difficulty handling emergencies, this marks a drastic improvement from 2015, when the figure stood at 60.5%.

A Broader EU Perspective

Importantly, no EU country in 2024 had more than half of its population facing economic insecurity—a notable improvement from 2015, when over 50% of the population in nine countries reported such challenges. These figures underscore both progress and persistent vulnerabilities within European households, urging policymakers to consider targeted measures for enhancing financial resilience.

For further insights and detailed analysis, refer to the original reports on Philenews and Housing Loans.

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