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How Twitters Jack Dorsey became the unlikely champion of Bitcoin




Blockchain has a new, unexpected hero: Jack Dorsey of Twitter.

Although the Cryptocurrency community until recently routinely wanted to ponder Dorsey's infamous Bitcoin gammel epidemic, the head of the micro-blogging service has found a new fandom among Bitcoin BTC followers; And it all started with the podcast by Joe Rogan, The Joe Rogan Experience.

After fierce opposition from activists for freedom of expression, Dorsey began an unusual podcast media run to discuss Twitter's Code of Conduct, enforce its censorship rules and censorship rules, and how the platform will control the future Aims at content. However, all these things were overshadowed when Dorsey revealed the fascination for decentralized technology and Bitcoin.

"I think the internet will have domestic currency," Dorsey told Rogan. "I do not know if it's Bitcoin, [but] I think it will give all the tests it has gone through, the principles behind it and how it was created."

"[Bitcoin] was born on the Internet which was developed on the internet and tested on the internet, "he continued." It's from the internet.

So Dorsey became the topic of conversation in the (Blockchain) city. In fact, his comments on Bitcoin flooded pretty much every blockchain discussion on Twitter – and similarly Dorsey's advocacy of decentralized technology was loudly celebrated by Dorsey.

Unlike stereotypical "blockchain influencers" who sold unrealistically excessive technology visions. Dorsey emerged as someone who really cared what Bitcoin and cryptocurrencies could do to the ordinary Internet user.

Not only that, Dorsey had already laid his money where he made possible with the purchase of Bitcoin on Square's Cash App (where he was) (19659002) "The reason we bought Bitcoin within the cash app was [because]. We wanted to learn about the technology, "he said about The Joe Rogan Experience.

We wanted to get out there and risk something, "he continued. "We are the first listed company to actually offer [Bitcoin purchasing] as a service, and we are the first publicly traded company to speak with [US Security and Exchanges Commission (SEC)] about Bitcoin and its importance."

It also appears that Dorsey had done even greater plans for Bitcoin and cryptocurrencies. "We'd like to see something become a global currency," Dorsey continued. "It allows more access, it enables us to serve more people, it allows us to go around the world much faster."

Jack Dorsey: The New Torchbearer of Blockchain

Possibly to bring the technology even more into the limelight. Blockchain and cryptocurrency enthusiasts did not waste time seeking further confirmation from their newly discovered leader.

Following his appearance on The Joe Rogan Experience, People flocked to Twitter to ask Dorsey about his views on other cryptocurrencies than to question Bitcoin and his plans to buy more coins into the ventures he supports integrate.

The Twitter boss suppressed any immediate intentions to expand the Crypto Currency list of Cash App to include new additions to what he was not interested in hodling Ethereum (or any other coin for that matter ), and praised Bitcoin for its resilience and strong principles.

Oh, he has also dug at Bit The Eternal Coin Rival (BTC), Bitcoin Cash (BCH) – a badge that every BTC Maxist proudly wears

Still the moment that Dorsey really became the new Torchbearer of the Blockchain, it came when he took over the Lightning Torch, figuratively as well as quite literally, a new lightning network game experiment designed to draw attention to cryptocurrency payments.

The experiment had already caught the attention of Bitcoin enthusiasts, but Lightning Labs boss Elizabeth Stark said to CoinDesk: "The torch really became viral after Jack had taken it." [19659002] "What I think was so powerful about the Torch was that it showed how quickly you can use Lightning to send money across the world," she added. "We do what the internet has done with information."

Dorsey recently discovered that the Lightning network could soon be cashed. "It's not an 'if', it's more of a" when "and how do we make sure we get the speed we need," Dorsey said in a conversation with Stark about the Stephan Livera podcast. "We do not think it stops buying and selling [Bitcoin]. We want to help realize the currency aspect.

But despite all the admiration that came towards him, not everyone in the blockchainverse was sold about Dorsey's devotion to decentralized technology.

A true backer … or a disguised traitor

Dorsey's new popularity in the world The Cryptocurrency quickly attracted a lot of critics and questioned the motives behind its support for Bitcoin and the Lightning Network Lightning Network Protocol.

His name was featured prominently in the headlines when Lightning Labs announced the provision of seed capital of $ 2,000 Announced $ 5 Million to Address Bitcoin's Transaction Issues in March 2018 .

Despite the conflict over the potential conflict interest, Dorsey's vote of confidence in the Lightning network does not appear out of place. 19659002] At a time when the market for decentralized app (dapp) is mostly inac (or for questionable Applications used when they are active), the developers have fun time and again found fascinating applications for the Lightning network. As a reminder, at one point, the drawing board of the Lightning network, Satoshi's Place, had more active users than any Dapp in the Ethereum network.

Say what you want, whether you're doing it on the Lightning network or not – there are many reasons to be happy about it.

Blockchain: An industry with no clear direction in sight

Despite a bombastic interest in the late 2017 and early 2018, the blockchain sector has struggled to keep the attention of the mainstream public and resonate in the real world Find.

While companies continue to be proud to offer new blockchain-driven (for-profit) services and to experiment with blockchain for all sorts of ridiculous reasons, technology giants are still easy to roll out decentralized technology in their own services.

In this sense, it's no wonder that the communities of blockchain and cryptocurrency are so welcome Dorsey's support for Bitcoin.

But let's face it: it takes much more than a few verbal advocates to make Blockchain technology a true mainstream adoption – and even Dorsey may lack the influence and resources to do so.

Published February 12, 2019 – 17:08 UTC


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