[2018-05-18] Twitter CEO Supports Bitcoin to Monopolize Cryptocurrency Industry

[Vladdirescu87]

Jack Dorsey, Twitter and Square Chief Executive Officer, has backed bitcoin to be the internet-native currency of the future, as the battle with other cryptocurrencies like Ethereum goes on. Dorsey declared that he has hopes that bitcoin will continue to establish itself as the primary method of payments.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/twitter-ceo-supports-bitcoin/

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[1Referee]

People should understand that Bitcoin and altcoins don't actually compete with each other.

Bitcoin is all we need when it comes to being a currency, store of value, etc. We don't need altcoins for that. Altcoins battle against each other to claim their position in whatever part of the industry that hasn't been taken over already. Ethereum did its job well by securing itself the main position in its own field, and other altcoins will have to conquer other parts of the industry. Eventually we'll be left with only 5-10 main crypto currencies, where the rest will likely become worthless overtime.

[SaintGraal]

Totally agree with the thing that every altcoin should find its own place. We all should understand we should first and foremost see the technology behind crypto.