Bitcoin Will Be The Native Cryptocurrency, Says Twitter CEO

[Unblock_news]

We're going to have to choose a native cryptocurrency pretty soon and Twitter CEO Jack Dorsey strongly believes it will be Bitcoin.

"I believe the internet will have a native currency and I don’t know if it’s bitcoin. I think it will be [bitcoin] given all the tests it has been through and the principles behind it, how it was created."

According to Dorsey, Bitcoin is something that was created and tested on the internet, therefore making Bitcoin a part of the internet.


Read more here: https://www.unblock.news/news/bitcoin-will-be-the-universal-cryptocurrency-soon-says-twitter-ceo

[proTECH77]

We're going to have to choose a native cryptocurrency pretty soon and Twitter CEO Jack Dorsey strongly believes it will be Bitcoin.

"I believe the internet will have a native currency and I don’t know if it’s bitcoin. I think it will be [bitcoin] given all the tests it has been through and the principles behind it, how it was created."

According to Dorsey, Bitcoin is something that was created and tested on the internet, therefore making Bitcoin a part of the internet.


Read more here: https://www.unblock.news/news/bitcoin-will-be-the-universal-cryptocurrency-soon-says-twitter-ceo

Absolutely in agreement with Twitter CEO based on the past days of Bitcoin. Bitcoin being the mainstream manifestation of the blockchain deserve to be rewarded as the Native Cryptocurrency. This coming from the CEO[Twitter] will be well appreciated if it can be actualize. Internet need to have its own Native coin.

[d5000]

I think he's right - if Bitcoin manages to combat its problems, mainly volatility because scalability is already being addressed in a successful way with Lightning and other second-layer techniques.

But I think there's also room for other cryptocurrencies. One could interpret Dorsey's opinion in a "Bitcoin maximalist" way (that only Bitcoin will reach enough adoption) but I am convinced that market forces will drive people to other cryptocurrencies, too, while Bitcoin may stay the unquestioned leader. The article is somewhat misleading here, as Dorsey is talking about currencies in general and not about cryptocurrencies, so he sees Bitcoin as a competitor for fiat currencies that "was born on the Internet" and will see more adoption by people who are often online (and not only at WhatsApp and Facebook).

However I'm not so positive about what he says in the last part of the article:

In the past, he had also forecasted that the internet is transitioning into a system wherein everything that is created using this channel is there forever. One cannot merely alter or delete it.  Dorsey believes that blockchain technology is helping us move towards that direction.

This is desirable for financial transactions, but not for everything (private chats or photos, for example). So I would favour an Internet model where not everything is governed by blockchains. Private communication is better using other ways where it can be deleted. There are also decentralized options for that, like Tim Berners-Lee's Solid or Hubzilla.

[AAKODI]

It is true bitcoin can be considered as the native currency in the internet because as the first digital currency in the world it was able to endure many tests and problems since it was developed and launched through the internet and in its entire journey it was able to face them very well and durign that period it was able to gain many users than any other cryptocurrency in the market so it is definity can consider as the native currency in the internet

[Kakmakr]

We're going to have to choose a native cryptocurrency pretty soon and Twitter CEO Jack Dorsey strongly believes it will be Bitcoin.

"I believe the internet will have a native currency and I don’t know if it’s bitcoin. I think it will be [bitcoin] given all the tests it has been through and the principles behind it, how it was created."

According to Dorsey, Bitcoin is something that was created and tested on the internet, therefore making Bitcoin a part of the internet.


Read more here: https://www.unblock.news/news/bitcoin-will-be-the-universal-cryptocurrency-soon-says-twitter-ceo

I think people are putting words in his mouth, he said and I quote, " I believe the internet will have a native currency and I don’t know if it’s bitcoin. "

He is also biased because everyone knows he is a proponent of Bitcoin and cryptocurrencies for many years now. I would be more exited if a influencer without any connection to Crypto currencies make statements like this.  

[r1s2g3]

Bitcoin will act as a global currency and it will be specially useful for all the organization that have reach/businesses in multiple countries.
Good to know about the views of twitter CEO and waiting for a day when Google CEO also embrace bitcoin.

[chichidori]

From the beginning it was bitcoin who started it all but someday as things progress new platform will be develop not just some copy paste crap that those ICO uses but a new code that surpasses even bitcoin that is the time where you have to pick which crypto are you going to support.

[thesmallgod]

If truly He said this then I think this is good news because it come to show that many of these social media developers are beginning to see the potential of bitcoin not only this, the statement shows that he must have gone through the whitepaper or must have read many stories about bitcoin. I hope very soon we shall witness another cryptocurrency revolution where crypto will become the dorminant currency that will be generally accepted not only on the internet but for making payment in an offline merchant store.

[Bttzed03]

I think people are putting words in his mouth, he said and I quote, " I believe the internet will have a native currency and I don’t know if it’s bitcoin. "

Why cut the next one "I think it will be" He's not 100% sure but he thinks it will be.

He is also biased because everyone knows he is a proponent of Bitcoin and cryptocurrencies for many years now.

I don't know about being biased. He believes in the technology.

I would be more exited if a influencer without any connection to Crypto currencies make statements like this.  

You mean someone who's not connected to anyone or any company? Or someone who has not trade any cryptocurrencies?

[romero121]

It's true, already it is termed to be the internet currency. We're in need for the same, as the internet user community is getting widened regularly. Twitter CEO putting forth such a statement will surely make a impact on the market. More good news similar to the same needs to come to make bitcoin the currency of the internet.

[Kopyleft]

"I believe the internet will have a native currency and I don’t know if it’s bitcoin.

I do not quite understand what he means by that statement or a global internet currency. It seems like he believes bitcoin would be used for making purchases online. Bitcoin would equally be used for purchases offline in retail stores and paying for services rendered.

[Herbert2020]

that statement is somewhat restricting bitcoin to the "internet" while bitcoin is not just an online currency but you can also use it as a currency in physical stores granted you still have to use the internet to broadcast the transaction but nowadays everything including banks are using the internet so you can't call that "internet money".

[davis196]

The term "native currency of the internet" is kinda pointless to me.I don't understadn it.
Bitcoin still isn't a 100% currency.It's a digital asset.BTC's value will have to decrease over time,in order to abide by the Gresham's law about bad money.That's how btc will replace electronic fiat payments.

[blockman]

He has a tweet that says he only has bitcoin.

https://twitter.com/jack/status/1092914316729147392

I would be more exited if a influencer without any connection to Crypto currencies make statements like this.  

Yeah we knew it that he's a pro bitcoin and it would be better to hear if someone tells that. A well known person that doesn't have any relation or isn't really into bitcoin, just a plain opinion. But for this kind of statement, we mostly hear those anti-bitcoin.

[piebeyb]

I think for the explanation above is to make bitcoin as an internet payment tool in the future, it is clear that bitcoin in the internet world is long enough and has become part of the internet world so things that might happen can be a currency on the internet

[kelz1]

The internet is a global tool for connecting the digital world together so it makes sense that there will be a currency for such a service. The only real contender of course is bitcoin

[jseverson]

that statement is somewhat restricting bitcoin to the "internet" while bitcoin is not just an online currency but you can also use it as a currency in physical stores granted you still have to use the internet to broadcast the transaction but nowadays everything including banks are using the internet so you can't call that "internet money".

I don't think his statement restricts Bitcoin at all. He simply said that the internet needs its own currency and that Bitcoin could fill that need. I don't necessarily agree with needing a native internet currency, but it would make sense for Bitcoin to be just that when things get down to it. Meanwhile, it could just as easily be real world money at the same time.

The term "native currency of the internet" is kinda pointless to me.I don't understadn it.
Bitcoin still isn't a 100% currency.It's a digital asset.BTC's value will have to decrease over time,in order to abide by the Gresham's law about bad money.That's how btc will replace electronic fiat payments.

I don't think that's applicable to Bitcoin at all. Fiat isn't inherently more valuable than Bitcoin, and even if it is, Bitcoin's value wouldn't need to drop for it to be considered "bad". It mostly revolves around the inherent value of the actual currencies. For this to kick in in favor of Bitcoin, people would have to consider paper (with ever increasing supply, no less) considerably superior to scarce digital money which could be spent regardless of borders.

[Johnzky]

The internet is a global tool for connecting the digital world together so it makes sense that there will be a currency for such a service. The only real contender of course is bitcoin

Words for such big personality is one good thing for us bitcoiners to feel confident about our holdings though what @Kakmakr said the man maybe misinterpreted the word “I don’t know if its bitcoin”but on the other hand i guess he was pointing to cryptocurrencies so the more chances that its bitcoin os other legit crypto

The internet is a global tool for connecting the digital world together so it makes sense that there will be a currency for such a service. The only real contender of course is bitcoin

Well thats enough for bitcoin competency to be a true contender lol,lets just hope that what man says will happen in near future as digital age are really happening now

[ryap12]

This is good news. People who think of Bitcoin as scam will soon begin to realize that it's okay to have bitcoin. And if people start buying it then we may seen a new price height for 2019! Yahoo! The good news just keep on coming! Hoping for SEC to approve the BTC ETF too! This may be a good for BTC after 10 years from creation.

[avikz]

Native cryptocurrency of the internet - Yes, it is possible!

Native cryptocurrency of the world - Daydream!

So we can certainly expect bitcoin to become the native cryptos of the internet because it has got all such qualities that is require to become the same! The similar way Paypal was the king of internet payments once upon a time, bitcoin can rule this space in the upcoming years. However, when someone thinks that bitcoin will become the reserve currency of the world, it is a pure daydream!