The CEO and co-founder of giant social platform, Twitter, told very interesting things about the leading digital asset Bitcoin in his recent interview. Jack Dorsey, who is also the CEO of payments provider Square, made it clear that why he is so much inspired by the Bitcoin.
Dorsey’s recent interview with Lex Fridman, a researcher at MIT, explained his views and ideas about Bitcoin, Square, and Artificial Intelligence (AI). He called the whitepaper of the Bitcoin a “poetry.”
Reasons behind Dorsey’s Believe in Bitcoin
The main vision behind the creation of cryptocurrency was to develop a currency that can be used on the internet with no role of the third party at all. These are the things why Twitter CEO is a fan of the world’s most popular cryptocurrency.
Dorsey explained why he is inspired by Bitcoin:
“I believe that the currency reuse is a huge part of the answer, and I believe that the internet deserves and requires a native currency and that’s why I am such a huge believer in Bitcoin…”
The internet was the most superior innovation to date, and after that, the currency was needed to use on the internet. “I think, you know, the internet continuing to be accessible to people is number one, and then I think currency is number two, and it will just allow for a lot more innovation, a lot more speed, in terms of what we can build and others can build, and it’s just really exciting,” Square CEO added.
The most interesting thing which attracted Dorsey is the decentralized nature of cryptocurrency as no one control or directs the network. Twitter CEO said, “I think the most beautiful thing about it [i.e. Bitcoin] is there’s no one person setting the direction, and there’s no one person on the other side to can stop it.”
He admired the whitepaper of the top digital asset by saying,” I think the Bitcoin white paper is one of the most seminal works of computer science in the last 20-30 years…it’s poetry.”
According to him, payment issue, in countries where financial infrastructure is not much developed, is more common, and there is a need for speedy and easy payment mean. Blockchain is at the forefront to equip financial facilities to the unbanked people. For example, the blockchain-based company Ripple joined hands with more than 300 banks in the world to offer efficient payment services across the borders.