Jack Dorsey, the former CEO of Twitter has always focused on supporting the development and adoption of just Bitcoin (BTC).
The former Twitter CEO predicted that Bitcoin will replace the U.S. dollar.
In response to a question from rapper Cardi B, who asked if he thought crypto will replace the dollar, Dorsey re-affirmed his support for the cryptocurrency by replying, “Yes, Bitcoin will”.
Yes, Bitcoin will
— jack⚡️ (@jack) December 21, 2021
Dorsey is highly committed to BTC, recently he also said he was ready to give up his CEO roles at Block and Twitter if he had to work on Bitcoin. “If I wasn’t on Square or Twitter, I would be working on Bitcoin. If it needed more help than Square and Twitter, I’d leave them for Bitcoin, ”
On Tuesday he explained the reasons for not participating in other communities, such as Ethereum (ETH).
Dorsey, now focused solely on running Block previously called Square which is increasingly focused on helping accelerate Bitcoin adoption. His company has other divisions such as Cash App and Spiral BTC.
Cdixon a programmer and developer mentioned Jack in his tweet telling that he is a big fan of Jack and hope of seeing Jack working with Ethereum and other blockchains, pointing out the importance of their use cases. Jack responded that we need to focus on open projects like Bitcoin. After all, without it, there would be no ETH or other blockchains.
“It is critical that we focus our energy on truly secure and resilient technologies that belong to all people, not individuals or institutions.”
I believe in you and your ability to understand systems. It’s critical we focus our energy on truly secure and resilient technologies owned by the mass of people, not individuals or institutions. Only that foundation will provide for the applications you allude to.
— jack⚡️ (@jack) December 21, 2021
The response that could be seen as an attack on Ethereum and other projects turned out to be well received and made the developer, author of the tweet, to offer his help to Jack BTC’s mission.
Differences between Bitcoin and Ethereum
While Bitcoin was born from scratch, the founders of Ethereum held an ICO, selling coins that were pre-mined — and keeping a portion of them — so that the Ethereum Foundation had funds to honor salaries and other expenses. For that reason, some legislators classify Ethereum as security.
Bitcoin the first cryptocurrency ever launched miraculously jumped from zero to what it is today, on various metrics like price and adoption, it’s has become the biggest security against governments, giving people financial freedom.
Read More On Jack Dorsey:
- Jack Dorsey Changes His Payment Firm ‘Square’ Name To “Block” As Part of Extensive Push Into Crypto
- Jack Dorsey’s Spiral (Formerly Square Crypto) Unveils Bitcoin Lightning Development Kit
- Twitter rolls out tips feature globally and adds bitcoin tipping via Lightning
- Twitter CEO, Jack Dorsey Said Square Is Considering Building A Bitcoin Mining System
- Twitter CEO Payment Firm Square Has Published Whitepaper Of Its Decentralized Bitcoin Exchange
- After Senate Rejected Amendment To Infrastructure Bill, Twitter CEO Jack Dorsey said: “Bitcoin Will Unite A Deeply Divided Country And Eventually World”
- Twitter And Square CEO Jack Dorsey Confirms Square Is Building a Bitcoin Hard Wallet
- Twitter CEO Jack Dorsey Say ‘No’ To Ethereum, Reaffirms He Is Still A Bitcoin Maxi
- Twitter CEO Jack Dorsey Says It’s Only “A Matter Of Time” Before Twitter Integrates Bitcoin Lightning Network
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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