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Jack Dorsey’s Bluetooth Experiment: Bitchat’s Promise and Pitfalls

by THEFUTURE.TEAM
July 30, 2025

Introduction

Twitter and Block founder Jack Dorsey is once again making headlines with the launch of Bitchat, a Bluetooth-enabled messaging app designed for local communication even in the absence of traditional connectivity. Developed over a single weekend in early July, Bitchat aims to redefine real-time interaction through decentralized networks.

Innovative Messaging Approach

Bitchat leverages Bluetooth mesh networks to allow users to send messages within a roughly 100-meter radius. This design ensures that individuals can communicate in environments where cellular and Wi-Fi connectivity falter, such as large-scale festivals or post-disaster scenarios. By bypassing traditional infrastructures, the app aligns with trends observed in other discreet messaging platforms like Bridgefy, which has gained prominence during critical protests and emergencies worldwide.

Security Concerns and Impersonation Risks

Although marketed as a secure and private messaging platform, early reviews have raised significant concerns. Security expert Alex Radocea has highlighted potential vulnerabilities within the app’s framework, particularly its susceptibility to impersonation—a flaw that undermines its foundational claim of an inherently secure protocol. Dorsey has acknowledged that Bitchat lacks an external security review, suggesting that undiscovered vulnerabilities may compromise the integrity of its communications.

The Challenge Of Fakes On Multiple Platforms

Bitchat is currently available on the iOS App Store and can be manually installed on Android via GitHub. However, the proliferation of counterfeit versions on the Google Play store underscores an additional challenge. These fake applications, masquerading as the legitimate app, have attracted significant downloads, complicating the landscape and necessitating caution among users. Dorsey’s advisory on social media to “beware of fakes” underscores the ongoing issue of digital authenticity in software distribution.

Conclusion

Bitchat represents a bold, experimental foray into decentralized communication, marrying cutting-edge Bluetooth technology with the vision of a secure messaging platform. Yet, as with many pioneering technologies, Bitchat must navigate critical challenges—from ensuring robust security to combating fraudulent imitations—if it is to realize its full potential in an increasingly interconnected world.

EU E-Commerce VAT Systems Generate €257.9 Million Revenue for Cyprus in 2024

by THEFUTURE.TEAM
August 11, 2025

Robust Revenue Growth Through Streamlined VAT Collection

Cyprus has demonstrated a significant fiscal boost in 2024 with €257.9 million generated from the European Union’s e-commerce VAT systems, according to Tax Commissioner Sotiris Markides. This impressive performance underscores the effectiveness of the One Stop Shop (OSS) and Import One Stop Shop (IOSS) frameworks in simplifying cross-border tax compliance.

Simplified Procedures for EU and Non-EU Businesses

The OSS system allows Cyprus-registered businesses to streamline VAT declaration and payment on sales to consumers in other EU countries. Companies simply register on the local OSS platform, apply the consumer’s VAT rate, aggregate their submissions quarterly or monthly, and remit a single consolidated payment. Subsequently, Cyprus allocates the appropriate share to each respective EU country. This efficient process extends to non-EU sellers as well, who can have their intra-EU distance sales managed under the Union Scheme.

Breakdown of VAT Revenue Streams

Last year’s declarations under the various schemes illustrate the system’s broad reach: €217.9 million was collected via the Union Scheme, €36.9 million through the Non-Union Scheme, and €3.1 million via the Import Scheme. While the Union Scheme caters to both EU and non-EU sellers engaging in distance sales, the Non-Union Scheme specifically accommodates non-EU firms delivering services to EU consumers. Furthermore, the Import Scheme targets goods valued at less than €150 that are imported from outside the EU.

Implications and Broader Impact

Implemented in July 2021 as an evolution from the more limited MOSS system, these reforms have not only consolidated tax collection through an expansive OSS but also integrated the IOSS for low-value imports. By designating certain online marketplaces as “deemed suppliers,” the new framework ensures that VAT collection is both efficient and equitable. Across the EU, these mechanisms have generated over €33 billion in VAT revenues in 2024, reflecting a successful effort to simplify tax compliance, reduce administrative burdens, and promote fair taxation across the bloc.

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