Category Archives: Jack Dorsey

Auto Added by WPeMatico

jack dorsey

Twitter’s Dorsey: Africa Will Determine Future of Bitcoin

jack dorsey

  • 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.

 

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

Follow BitcoinNews.com on Twitter: @bitcoinnewscom
Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Image Courtesy: pixabay.com

The post Twitter’s Dorsey: Africa Will Determine Future of Bitcoin appeared first on BitcoinNews.com.

jack dorsey

Jack Dorsey: Twitter No Interest in Libra-Like Crypto

jack dorsey

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.

 

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

Follow BitcoinNews.com on Twitter: @bitcoinnewscom
Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Image Courtesy: pixabay.com

The post Jack Dorsey: Twitter No Interest in Libra-Like Crypto appeared first on BitcoinNews.com.

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.

 

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

The post Jack Dorsey: Bitcoin “Is for the World and for the People of the World.” appeared first on BitcoinNews.com.

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.

 

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

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

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

Image Courtesy: Pixabay

The post Twitter CEO’s Square Crypto Makes First Big Hire appeared first on BitcoinNews.com.

‘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.”

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

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

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: bitcoinnews.com

The post ‘The Ascent of Money’ Author Admits He Got Bitcoin Wrong appeared first on BitcoinNews.com.

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.”

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

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

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Billionaire Eugene Kaspersky Says Bitcoin Brilliant, But Too Early appeared first on BitcoinNews.com.

Chinese Billionaire Claims Bitcoin Patience Will Reap Rewards

Chinese Billionaire Claims Bitcoin Patience Will Reap Rewards

As the much-discussed intuitional investment, hailed as cryptocurrencies jumpstart to a new crypto era, still awaits, a Chinese Bitcoin billionaire calls for patience.

Zhao Dong, one of the world’s largest over-the-counter traders of Bitcoin, made the plea to the industry suggesting that it could be well into the year before the market gets the boost it needs. The entrepreneur was talking on a WeChat group called “The Public Chain Alliance Crossing The Bulls And Bears Elite Team”, when he made the call for patience.

Zhao, another advocate of a USD 50,000 Bitcoin by 2021 not so long ago, said the “only thing you need is patience”, referring to a large investor surge into the market. He said that those who believed in the future of Bitcoin should hold “as much as possible when nobody cares”. He said also:

“In the bull market, I don’t persuade people to buy bitcoin, because it seems easy to make quick money but in fact, it is not. Now [in the bear market], I start to talk people into buying bitcoin.”

Zhao certainly is not alone, with other high flyers in the industry talking up the flagship cryptocurrency this year, with just Twitter’s CEO Jack Dorsey recently predicting that Bitcoin was to become the internet’s first “native currency”.

As Bitcoin investors and traders wait for the highly-anticipated Bakkt bitcoin platform and a US Bitcoin exchange-traded fund to boost the price, Mike Novogratz predicts Bitcoin is on the recovery after a bubble burst and that it is in a period of “handing off ownership from the people’s revolution“.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

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

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Chinese Billionaire Claims Bitcoin Patience Will Reap Rewards appeared first on BitcoinNews.com.

Max Keiser Still Backs Bitcoin as Next Global Currency

Max Keiser Still Backing Bitcoin as Next Global Currency

The host of the Keiser Report on TV channel RT, Max Keiser, is still upping the ante on Bitcoin’s future fortunes with his latest assertion that the flagship cryptocurrency is the future of money.

Claiming that the Bitcoin is earmarked to become the next global reserve to replace outmoded paper money he said recently on air that “it won’t be the US dollar, the euro or any other fiat”. He went on to explain exactly why he feels that fiat’s days are already numbered as cryptocurrencies become a household name around the world.

“Among BTC’s traits, are the fact that it can produce a new block about every 10 minutes and its cap of 21 million coins. These allow BTC to be more stable and lead to a predictable monetary policy that is based strictly on mathematics, not on the whimsical antics of a state government or individual,” he stated.

Keiser’s views continue to echo the stance taken by VC capitalist investor and billionaire Bitcoin bull Tim Draper, who has continued to show a rock-solid conviction that cryptocurrencies will be the future of money. These VC investors are far from being alone, despite Bitcoin’s poor market performance in 2018. Twitter and Square CEO Jack Dorsey predicts, although it won’t be an overnight sensation, Bitcoin’s rise and rise will happen “probably over ten years, but it could go faster”.

Dorsey insists that the world and the internet will use Bitcoin as a single currency.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

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

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Max Keiser Still Backs Bitcoin as Next Global Currency appeared first on BitcoinNews.com.

Bitcoin Predicted to Dominate Future of Online Marketplaces

Bitcoin is becoming the world’s number one internet currency. This is according to Jack Dorsey, the owner of Square. He says that Bitcoin will emerge with time to become the Internet’s “native currency”, with the increasing popularity of the currency to overrun other internet currencies and become a preferred medium of exchange.

Bitcoin’s predicted future dominance

Jack Dorsey predicted the future dominance of Bitcoin back in March 2018 during an interview with Elizabeth Stark of Lightning Labs, where he expressed belief that when native internet currency emerged, Bitcoin would be at the fore..

Speaking during the Consensus 2018 Conference in New York, he said that the internet deserved a native digital currency that would become the mode of all payments for all transactions running across the web.

The digital marketplace

The concept of digital currency is entrenched in the world of online trade. In many instances, new digital currency such as Bitcoin has been the subject of discussion.

“Similarly, a day never lapses at Square without people discussing the idea of Bitcoin dominating the future of all internet transactions,” added Dorsey. Despite some people being skeptical about the digital currency, the open access policy will inspire its quest for dominance in all internet payments.

Payments solutions boosting the rise of Bitcoin

Additionally, the payment solutions developed for blockchain recognizes the significance of Bitcoin.

“At Square, any payment that comes across our table, the seller should be able to accept it,” remarked Dorsey. Square is in the payment industry and applauds Bitcoin’s role in ensuring swift and safe payments through the internet.

Square has a system that accepts Bitcoin payments. According to Mike Brock, an engineer at Square, the reason why they settled on Bitcoin is because of its simplicity.

Simple payments

Mike and Dorsey were eyeing simple internet payments that would work like any other common dollar payments. With Bitcoin, simple transactions like coffee purchases would not look any different as a transaction, so much so that cashiers might not even notice that the payment was in Bitcoin.

Square will build systems that will accommodate the payments for consumers and merchants. It wants to push for the acceptance and the dominance of Bitcoin payments by developing payment solutions. However, according to Dorsey, the goal for all these payment solutions must remain the same – just like walking into a coffee shop and making payments with Bitcoin.

 

Image Source: Max Pixel

Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom

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

The post Bitcoin Predicted to Dominate Future of Online Marketplaces appeared first on BitcoinNews.com.

Apple, Twitter Founders Upbeat on Future of Bitcoin and Blockchain

Apple co-founder Steve Wozniak, appearing at the WeAreDevelopers World Congress in Vienna on Wednesday, told the assembled audience that he saw both blockchain and cryptocurrencies reaching their future full potential in just a decade, according to Cointelegraph.

Wozniak’s speech at the IT conference, Europe’s largest of its kind attracting roughly 8,000 visitors from 70 countries, opened the event, where he was attending to present his views on how blockchain was shaping the future of the technology sector. On this occasion, he focused his attention on the advancement of blockchain in his address with a less flamboyant approach, unlike his comments at the October Money 20/20 conference in Las Vegas last year, when he referred to Bitcoin as “better” and more “stable” than gold.

Referred to by the Apple co-founder as “the next major IT revolution that is about to happen”, Wozniak suggested that within the decade, decentralized technology would need to be adopted more widely and not simply limited to cryptocurrency, but applied to a diversity of sectors. However, he did point out that DLT had an advantage over fiat currencies due to the limitation on how many Bitcoins could exist, given that the US dollar could simply be printed, describing Bitcoin as more “genuine and real”.

Another major IT player, Jack Dorsey, was speaking at another gathering, the Consensus conference in New York, on the same day. The founder of Twitter and CEO of Square expressed a view there that he was positive that, in the future, the “internet is going to have a native currency”, hoping that it would be Bitcoin. He said that a common digital currency used by everyone would be the future, although until then people would continue to use various digital and traditional currencies to pay for goods and services, Fortune reports.

Like Wozniak, Dorsey has long been a supporter of Bitcoin and other digital currencies. His company Square allows for Bitcoin transactions, and buys and sells the digital currency.

 

Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom

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

The post Apple, Twitter Founders Upbeat on Future of Bitcoin and Blockchain appeared first on BitcoinNews.com.