The founder of Twitter explains the reason for his absolute belief in Bitcoin and his disregard for Ethereum!
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Answer The founder of Twitter explains the reason for his absolute belief in Bitcoin and his disregard for Ethereum!
Jack Dorsey has been very active on Twitter lately, tweeting about his great faith in Bitcoin.
He emphasized that people should focus on secure and flexible technology developments that are not controlled by individuals or organizations.
Square CEO and ex-Twitter CEO is among the most well-known Bitcoin proponents, having previously said he would leave the two companies to work on the underlying cryptocurrency if they needed it.
His recent resignation from Twitter prompted such assumptions in the crypto community, with people questioning whether he intended to do exactly that.
Dorsey hasn’t confirmed his plan yet, but he has become more active in terms of public discussion of Bitcoin on Twitter.
Read:Crypto company “Blockchain.com” receives temporary approval from the regulatory authority in Dubai
Earlier today, Dorsey responded to a tweet from an Ethereum developer, who urged Dorsey to consider working on other blockchain projects, such as Ethereum.
I believe in you and your ability to understand systems. It is critical that we focus our energy on truly safe and flexible technologies that are owned by a large number of people, not individuals or organizations. Only this basis will save the applications you are hinting at.
– Jack (@jack) December 21, 2021
Dorsey replied:
I believe in you and your ability to understand and operate systems.
It is critical that we focus our energy on truly safe and flexible technologies that are owned by a large number of people, not individuals or organizations.
In another conversation on Twitter today, Dorsey responded to a question from American rapper Cardi B about whether cryptocurrencies will replace the US dollar.
Dorsey replied:
yes.
The CEO of Square was keen to stress that Bitcoin will do this, and not all cryptocurrencies have the ability to do so.
Read:Ripple blocks SEC from accessing its legal records on XRP
Yes, Bitcoin will do it
– Jack (@jack) December 21, 2021
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