Category Archives: Jack Dorsey

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Jack Dorsey teasert: Wann kommt die Square Bitcoin Wallet?

Jack Dorsey
“Wir machen es” vermeldet Twitter-Gründer Jack Dorsey. Es geht um die Produktion einer Hardware Wallet aus dem Hause Square. Passenderweise sieht On-Chain-Analyst Willy Woo Bitcoin in einer Akkumulierungsphase und auch Apple-Gründer Steve Wozniak ist vom digitalen Gold angetan. Willkommen beim Meinungs-ECHO.
 
Source: BTC-ECHO

Der Beitrag Jack Dorsey teasert: Wann kommt die Square Bitcoin Wallet? erschien zuerst auf BTC-ECHO.

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Twitter’s Dorsey: Africa Will Determine Future of Bitcoin

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  • It is Africa, and not Europe, that will be Bitcoin’s next frontier
  • Poverty and other development areas will spur adoption in the continent

Jack Dorsey, Twitter CEO and big cryptocurrency enthusiast, has predicted that despite the accelerated development and adoption in the European countries, it is Africa that will determine the future of the industry. He expressed his opinions regarding this matter at the end of his African tour of Nigeria and Ghana via Twitter. He also wants to tour the whole continent in 2020.

Dorsey is one of the most outspoken proponents of the world’s largest cryptocurrency. He has called for people to invest in Bitcoin, in stark contrast to other tech billionaires who have mostly spread caution regarding the industry. Dorsey has also called for greater use cases of the cryptocurrency to bring it to the mainstream.

He sincerely believes that Africa will be the next frontier of Bitcoin and to promote this he is planning to live more than six months in the continent next year. During his recent stint in Nigeria, he also joined up with a Bitcoin meetup to exchange ideas.

The move comes after Africa is coming to the forefront both in use cases of cryptocurrency and the adoption of blockchain technology. Along with poverty alleviation and area development, Africa will likely become the biggest adopter of bitcoin in the near future. People like Jack Dorsey will have a huge role to play in the near future.

 

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Jack Dorsey: Twitter No Interest in Libra-Like Crypto

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Jack Dorsey, Twitter and Square CEO, has rubbished the rumors of the launch of a platform-specific “Twitcoin” cryptocurrency, adding that he will instead invest in promoting Bitcoin (BTC).

According to a news report, Dorsey said that he is not looking to follow the example of Facebook’s Libra and release Twitter’s version of crypto. Instead, he tipped Bitcoin to turn into the internet’s native currency. He added:

“I think open internet standards serve every person better than ones controlled or started by companies.”

He also expressed his views on banks and the economy in general during a visit to Melbourne, Australia, saying that authority and control of banks were universal but more pronounced in Australia, which he claimed was always facing risk of recession after coming out of one. He warned: “… anyone who offers an opinion on this is fooling themselves. […] There’s no one person on this planet that understands the global economy.”

He reiterated his belief in Bitcoin by stating:

“I think [Bitcoin’s] the best bet because it’s been the most resilient, it’s around for 10 years, it has a great brand, and it’s been tested a bunch. […] As I look at all cryptocurrencies that could fill that role of being the native currency for the internet, [Bitcoin is] a pretty high probability.”

Dorsey has been a big proponent of Bitcoin itself and has supported it on numerous occasions.

 

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

Jack Dorsey_ Bitcoin “Is For the World and for the People of the World.”

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.

 

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Twitter CEO’s Square Crypto Makes First Big Hire

Twitter CEO's Square Crypto Makes First Big Hire

It appears that Square, the payment processor whose founder is also the CEO of Twitter, Jack Dorsey, may have just made its first significant hiring, at the same time confirming rumors of a Square native crypto.

The Twitter account called Square Crypto has just posted a couple of Tweets that may contain some actual information, announcing a first executive hire in the form of ex Google director Steve Lee. After announcing the hire, the next Tweet also made references to Bitcoin and blockchain, fuelling the crypto rumors even further:

Steve is an angel investor, startup advisor, and former Director at Google. He is also a volunteer PM helping to drive bitcoin adoption through open-source development, UX, and storytelling. Sound familiar?

— Square Crypto (@sqcrypto) June 12, 2019

Lee had previously worked on projects like Google Glass and Google Maps, and he himself responded with his own Tweet that all but confirms the news, saying “Bitcoin, not blockchain” before posting:

. @milessuter‘s dedication and focus on Bitcoin is a big reason I decided to join! https://t.co/4CmDpuQ4mD

— Steve Lee (@moneyball) June 12, 2019

According to Lee’s professional profile on LinkedIn, he has been volunteering a lot for Bitcoin projects and even claims to be a Bitcoin Core contributor, by reviewing and testing changes and coding, as well as general communication and project management.

It does seem clear that he is an outright Bitcoin (and not blockchain or crypto) advocate, something that Square will definitely find many parallel comparisons with. The Square app itself is 100% dedicated towards sending P2P debit card payments, and only allows buying and selling of Bitcoin and no other crypto. Its users are themselves chiefly Bitcoin-only users. And the hiring of a Bitcoin Core contributor can only suggest further Bitcoin-related improvements, such as a Lightning implementation. If true, this could open the door for thousands of merchants to accept instant, cheap micro transactions from the Square app.

The idea of a Square native crypto will seem to be a divergent path from that philosophy, however, so there should be plenty more speculatory observations to feed the Square rumor mill.

 

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‘The Ascent of Money’ Author Admits He Got Bitcoin Wrong

'The Ascent of Money' Author Admits He Got Bitcoin Wrong

Harvard professor Niall Ferguson, author of currency history book “The Ascent of Money”, has admitted he was wrong amount Bitcoin and blockchain being a “complete delusion”.

His book The Ascent of Money: A Financial History of the World first published in 2008 was adapted as a television documentary for Channel 4 and PBS, winning an International Emmy Award in 2009.  It examines the long history of money, credit, and banking.

The author now admits he should have listened to his teenage son and bought Bitcoin back in 2004 claiming, with the benefit of hindsight, the decision not to invest in the flagship cryptocurrency was the “worst investment decision of his life”, commenting:

“If I had listened to my son, I would have increased the dollar value of my investment by a factor of 45 — or, if you prefer, I’d have made a return on the investment of 4,436%… The moral of the story is clear: when it comes to technology, pay heed to teenagers.”

Ferguson was speaking at The Australian Financial Review Business Summit earlier this month, now freely admitting that he was “wrong to think there was no… use for a form of currency based on blockchain technology”.

The acclaimed author is the latest to endorse Bitcoin and cryptocurrencies after Twitter’s Jack Dorsey, Tesla’s Elon Musk and Apple co-founder Steve Wozniak all praised the technology recently. Twitter founder Dorsey is so convinced that it is still early days for Bitcoin that he committed to putting by USD 10,000 worth of the cryptocurrency by per week.

Tech entrepreneur Musk ranked 21st on the Forbes list of The World’s Most Powerful People, concurs with Dorsey suggesting, “Paper money is going away. And crypto is a far better way to transfer values than a piece of paper, that’s for sure.”

 

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Billionaire Eugene Kaspersky Says Bitcoin Brilliant, But Too Early

Billionaire Eugene Kaspersky Says Bitcoin Brilliant, But Too Early

Yevgeny Kaspersky, CEO of Kaspersky Lab, has suggested that although Bitcoin is a “brilliant” innovation, the world is not ready for it yet.

The remarks came in an interview with Arabian Business, a weekly business magazine published in Dubai and focusing on the Middle East. Kaspersky expressed a view that digital currencies would surpass money some day but also that now was not the time. He commented:

“Cryptocurrencies are a great idea, but the world is not ready for them yet. The world must be united if we want to have encrypted currencies. At the moment, governments will want to control them.”

In terms of how long this process might take, Kaspersky maintained it could be anything up to 100 years — a sobering thought for cryptocurrency enthusiasts around the globe. He maintains that a new world order with one central government will be required before this can happen. In this long-term view, Kaspersky sees all money as eventually becoming digital as the use of paper money dies out.

Kaspersky also supports the popular view that cryptocurrency presents a threat to conventional banking and as such will continue to meet strong resistance from within the financial establishment. He argues:

“I am beyond certain that different countries will try to forbid the use of cryptocurrencies because they are beyond their control. Authorities will not pay attention, as long as [cryptocurrencies] do not pose a threat. When they start supplanting national currencies, they will be banned immediately.”

Twitter’s Jack Dorsey has a far more accommodating view, suggesting this time scale is a bit overcooked with Bitcoin becoming the world’s single currency within the next decade:

“[The internet] will want to have a native currency or a currency that’s effectively global and exists on its own territory instead of through the territories of the various nation-states that we have today. I can’t think of anything more exciting than that.”

 

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