Jack Dorsey: Bitcoin “Is for the World and for the People of the World.”

written by

Support free journalists: > send a tip

If Twitter’s Jack Dorsey is reluctant to condone a Facebook cryptocurrency, he hasn’t actively spoken out against it. But according to him, cryptocurrency’s greatest asset, Bitcoin, belongs to everyone.

The co-founder and CEO of Twitter, and founder and CEO of mobile payments company Square, has in fact stuck to his call for “a currency for the internet” which is not controlled by any one entity. Bitcoin is still that currency of the internet according to Dorsey:

“I haven’t seen any other currency that would challenge it across the dimensions that I think are really important. First, I think it has an amazing brand. The other thing that I think makes it probably the strongest candidate is that the principles behind it are very pure. The creation of it was very pure, and focused on a public good, rather than any other particular agenda.”

Dorsey claims that Bitcoin is the world’s only chance to remove financial global barriers and hopes that in future, all private companies will see the value of Bitcoin as a stateless currency which is there for all. His words hint that he feels that Facebook’s proposed cryptocurrency won’t be that vehicle when he calls for a cryptocurrency-for-the-net which is not controlled by one organization, or as he recently commented:

“There is not going to be any one party or institution that makes this happen, and there’s not going to be any one party or institution that can stop it from happening.”

As for Jack Dorsey’s personal relationship with Zuckerburg, of course, he once dined with the Facebook titan. He recounts the event, “Mark Zuckerberg killed a goat with a laser gun and knife, then served us the cold, still raw meat,” and jokes, “revenge is a dish best served cold.”

That comment is best left to future interpretation.


BitcoinNews is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.

Follow BitcoinNews on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews: https://t.me/bconews

Image Courtesy: Pixabay

Help spread this article :)


Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter