Twitter CEO Says Bitcoin Will Become World's "Single Currency" Within A Decade

Authored by Molly Jane Zuckerman via CoinTelegraph.com,

Jack Dorsey, the CEO of both Twitter and payment service Square, has said that he sees Bitcoin (BTC) as the world’s – and Internet’s – single future currency, The Times reports today, March 21.

image courtesy of CoinTelegraph

Dorsey believes that Bitcoin’s leading emergence will take “probably over ten years, but it could go faster”:

“The world ultimately will have a single currency, the Internet will have a single currency. I personally believe that it will be Bitcoin.”

At the end of February 2018, Dorsey had previously said that Square will focus on developing more options for interacting with Bitcoin via their Cash App, calling it a “transformation technology for our industry.”

Dorsey did note to The Times that he does not believe that at the moment BTC has the capabilities to become an effective currency, namely as a medium of exchange:

“It’s slow and it’s costly, but as more and more people have it, those things go away. There are newer technologies that build off of blockchain and make it more approachable.”

Last week, Lightning Labs, a Lightning Network (LN) developer, released the first Bitcoin ready LN implementation, making free and instantaneous BTC transactions closer to reality. Dorsey had participated in their $2.5 mln seed finance round, as did Litecoin’s (LTC) creator Charlie Lee.

Comments

slopz38 thisandthat Wed, 03/21/2018 - 21:36 Permalink

 

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In reply to by thisandthat

ZeroSpam slopz38 Wed, 03/21/2018 - 21:55 Permalink

▲▲▲   Slopz38  ▲▲▲ CHRONIC SPAMMER  ▲▲▲ VIRUS ALERT ▲▲▲

THIS IS BUT ANOTHER LOG-ON FROM ZeroHedge's OBSESSIVE-COMPULSIVE WHACKED-OUT ZIT-FACED SPAMMER, here peddling links to ANOTHER spam page, ALSO LADEN WITH TROJANS AND VIRUSES.   DO NOT CLICK ON ANY LINK FROM THIS SPAMMER!!!

>>>>   Slopz38 posted this identical spam post   **75 times** in one day, March 20!!!

This chronic thread-hijacker and poster of "My last paycheck..." spam with Multiple Log-on's (aka "stizazz" and "pier" "beepbop"  "Braveforce"  "PRIVETHEDGE"  "SLOPZ38" "LLOLL"  "JUMANJI1959" -- hopefully banned) is a CHRONIC SPAMMER whose "disguised links" (under other log-on's) will take you to his Spam- and Trojan-laden webpages, fondly known by ZHers as "The Whacked Out Biblicism SPAM page" or "BIBLICISM GOES PORNO" where you will be the happy recipient of numerous virus from this very disturbed and obsessed individual, spamming here for more than five years.

ALL THIS SPAM IS FROM THE SAME SPAMMER!
•dailywesterner
•celebrity-leaks (porn)
•biblicism
•"I made $7000 last week ..... this is what I do"

In reply to by slopz38

thisandthat slopz38 Wed, 03/21/2018 - 22:21 Permalink

Oh, "honey," you quit your day job? Well, isn't that just dandy, your great new Range Rover will be just perfect for your new found job...

And you're right, hookers and doggers around the world are now finding the power of the internet is just the perfect tool to harness the empowering potential the assertive woman of today demands, and that your newly discovered lifestyle so boldly represents...

As the say goes, have your way (doggysryle, preferably)!...

 

Tl;dr: bitch, please...

In reply to by slopz38

Endgame Napoleon SickDollar Wed, 03/21/2018 - 22:10 Permalink

Thiel said BitCoin probably won’t be used as a payment method, likening it to gold as a potential store of value. I doubt this guy knows more than Thiel, who created PayPal, a payment-processing app. BitCoin payments will be on a public ledger, too. If people are concerned with advertisers accessing their information in social media apps, wait until the crypto / blockchain people allow advertisers to target them based on their publicly recorded purchases.    

In reply to by SickDollar

HoPewGassed SickDollar Thu, 03/22/2018 - 08:29 Permalink

" I prefer gold and silver proven commodities over computer code "

Like walking and chewing gum at the same time, many of us can do both - PMs and BTC. 

BTC's going to be worth a shitload of fiat, but maybe you don't need fiat.  I guess when you go for groceries or gas, you just give them some silver? 

There is more than one store of value, though the network effect of PMs may not be what you will see in cryptos. 

That said, crypto is still a viral conspiracy toward one global currency and a global government which will track and manipulate access to that currency with a granularity the world has never seriously conceived of.  Orwell's Big Brother would be jealous. 

In reply to by SickDollar

Praeda2 Coinista Wed, 03/21/2018 - 19:22 Permalink

This faggot just revealed himself to be as old as shit. Shitcoins probably let him buy a trailer after half a century of poverty. Or... hahah he's still holding on to them. Either way, no one gives a fuck what you do with your pennies and not just because you'll be dead soon. But because that's your business. Now mind other peoples, cunt.

In reply to by Coinista

Lorca's Novena 38BWD22 Wed, 03/21/2018 - 19:14 Permalink

This jaggoff is trying to exit his position at the highest levels before the next dump... Hes obviously pumping this to GTFO....

 

However, crypto "coin" will be the base of the NWO currency, it wont be called Bitcoin though. Goldman Sachs already found a way...

In reply to by 38BWD22

lookslikecraptome Yellow_Snow Wed, 03/21/2018 - 22:40 Permalink

Snow, get ur facts strt. LOL. Me and another dude posted that link yesterday. 

A little something for u to consider about pornography on the block-chain and how problematic it will become. It gives every nincompoop in the world a reason to "hate " block chain. Read what tor drug dealers had to say about tor a few years ago.  https://www.reddit.com/r/TOR/comments/2m5ovl/tor_hides_this_from_operat… .

In reply to by Yellow_Snow

manofthenorth Mr_Potatohead Wed, 03/21/2018 - 21:31 Permalink

I am still trying to figure out how being skeptical that Bitcoin will be the worlds decentralized non-fiat currency choice makes me "anti-science".

Is there some mathematical formula that PROVES bitcoin will be the ultimate and irrefutable world currency ?

Please share your science that explains your point of view Mr. Coinistasmartassfuckfacecyberzealot

I figure if Bitcoin is going to $1,000,000 there is still time for me take advantage of the once in a lifetime opportunity to protect my wealth.

I must say though it is going to take more than "BUY BITCOIN YOU JEALOUS LOSER" to convince me it has a real future as a store of value.

Actually if that is the best you have to offer as a reason to buy in and you are any example of those who "believe" I will continue to be very skeptical.

In reply to by Mr_Potatohead