Bitcoin is key to the future of Twitter, Jack Dorsey says

[BlackHatCoiner]

Jack is a rich man and any rich man can be resembled to a “super villain”.

It's a matter of time until he uses his social network to manipulate the market for his own benefit. It is completely justifiable for a billionaire to make such moves; how'd he remain a billionaire anyway? Yes, he may seem innocent now, but it won't take long for him to reveal his other self.

I'm just quoting some wise, Sophocles', words.

“There's nothing in the world so demoralizing as money.”

[just_Alice]

It’s so unusual to see large company owners supporting decentralization. I think implementing Bitcoin as a currency on Twitter might be the biggest step towards adoption as of today. I bet we will see Twitter being alongside cryptocurrency way earlier than the same will happen with Facebook. Somehow I trust Dorsey on this, while Zuckerberg’s intentions aren’t that clear.

[ziennakarishma21]

yes , I think this is true BTC is the key technology of the future, now a lot of people support BTC, not only that BTC is becoming more and more popular and more people know this is a matter of course in the near future stop.

[Dragonfund]

An average person knows that bitcoin can be integrated into any company especially the IT industries, but what if bitcoin doesn't really move like it does? Perhaps it's fundamentally decentralized but functionality as stock market where you hardly see moves.
In crypto market, bitcoin can do +20% within a day and there is absolutely no one that will question that and may like not make big news headlines.
However, if Dow or S&P500 makes 10% in 24hours, it will sound like the world has seen a big fortune.
I'm curious if they will adopt bitcoin with stock functionality but the gain has welcomed everyone on board with Cryptocurrency.

[AverageGlabella]

I read somewhere today that a social media company has plans to jump on the digital currency bandwagon. I thought it was fake news at first, but it seems to be true.
This could really help Bitcoin gain a wider acceptance.

Social media is the best tool for marketing in the modern day and I think any news coming out about social medias accepting or promoting Bitcoin can only help with the adoption. I think that social medias using cryptocurrencies to pay for things on their platform would be the biggest and most positive news we have ever had involving Bitcoin.

[jaysabi]

Yeah, we are happy until we aren't. What I mean by that is that some people said it too back then when Elon was vocal about his company's acquisition of billions of worth of bitcoin back then and then suddenly suspending the payment option and saying that mining isn't good for the environment.

The difference is Elon is a whackadoo and flip flops on a lot of stuff and Dorsey has been very consistent.  Elon also is mostly just talk (and doing so for attention) but hasn't done really anything concrete to advance crypto, except say Tesla would accept bitcoin before canceling that.  Dorsey's Square has actually integrated bitcoin into the Cash app and has made tangible contributions to bitcoin adoption.  These two are almost polar opposites on crypto.  Elon talks about it because he wants attention, Dorsey actually builds things that have value.

I hope that you will prove me wrong because these billionaires and businessesmen supporting bitcoin and other cryptocurrencies have a good track record of being a manipulator, I mean look at Elon, you may say that he is crazy but he is smart he was supportive of bitcoin until he pulled a rug under on many of the people.

If you're talking about Jack Dorsey, then just look at what he's done.  He's integrated bitcoin directly into the Cash App, which is one of the largest consumer and business cash transfer apps in the country, and it's expected to become much more of a hub to both consumers and small businesses.  He's also working on integrating bitcoin directly into Twitter, so imagine being able to send tips in bitcoin for certain tweets and stuff like that.  These are things that have real value.

[fiulpro]

I do believe that we do not have to wait for anyone to realize that bitcoins is something that is going to be used in the future. We have a lot of problems with the fiat system and therefore we have to improve it.. bitcoins on the other hand is something that can be used to improve the shortcomings of fiat system.

yes , I think this is true BTC is the key technology of the future, now a lot of people support BTC, not only that BTC is becoming more and more popular and more people know this is a matter of course in the near future stop.

I do think that not just bitcoins but other cryptocurrencies like Ethereum are going to be very popular in the upcoming time. Colleges are adding crypto projects into their curriculum already people are being employed on basis of their crypto knowledge. The future is for sure bright but it also depends on how far the government lets us take it.

[GeorgeJohn]

It’s so unusual to see large company owners supporting decentralization. I think implementing Bitcoin as a currency on Twitter might be the biggest step towards adoption as of today. I bet we will see Twitter being alongside cryptocurrency way earlier than the same will happen with Facebook. Somehow I trust Dorsey on this, while Zuckerberg’s intentions aren’t that clear.

You know that if big men across the countries is exactly hundred percent (%100) or approximately seventy percent (%70) with assurance ninty nine percent (%99)  of them is against the development and how influential cryptocurrency is getting into, using Elon musk as a case study, asking ourselves what is the major factor why Elon is fighting to the downfall of cryptocurrency, what exactly do we think is the benefi of elon to do that?... The answer is unknown... Because no one knows the reason intensively, currently it's only few of rich people that embrace the usefulness of cryptocurrency especially bitcoin, now that JACK DORSEY have come for rescue of cryptocurrency, i think other people will emerg also.

[Gyfts]

I thought we stopped trusting these billionaires for their takes on cryptocurrency, especially after the fiasco with Elon Musk. These people made billions off traditional institutions and traditional currencies, I’m not interested on their useless commentary. Dorsey should fix his social media platform and promote free speech first, then maybe I’d take his opinion serious

[AniviaBtc]

As people are reading a lot of news or articles about bitcoin and other crypto in the market, Twitter is taking advantage of it.

Jack Dorsey is really an opportunist in that part where bitcoin can really hype twitter and the market at the same time.

Bitcoin is the future of Twitter and by that many cryptocurrencies will surely exist sooner or later.

[Silberman]

Jack is one with us and known as one of the market leaders in technology that believes in bitcoin. He has also talked with Elon lately and I guess that it made a positive result.

This guy is really helping the community and bitcoin to thrive but with that, he's also making his move to be beneficial to his own company so it's a win-win for everyone.

It is obvious that he is doing this to improve the standing of his company, no one likes to lose and it seems he thinks that bitcoin can become successful and he wants to be part of it, at least his posture is way better than the one we saw from Facebook which instead tried to make their own coin and failed, however I am not so sure that one of the companies that is doing everything to get your data can be trusted to develop something that is truly decentralized.

[sunsilk]

Jack is one with us and known as one of the market leaders in technology that believes in bitcoin. He has also talked with Elon lately and I guess that it made a positive result.

This guy is really helping the community and bitcoin to thrive but with that, he's also making his move to be beneficial to his own company so it's a win-win for everyone.

It is really nice to see influential people supporting the crypto market. If he believes in bitcoin, it means he already saw the potential of crypto in this digital age. Twitter is one of the social media with most users around the globe, so if in case twitter will integrate crypto in their system, that would be a big boost in the market. Hoping to see further developments on how they will integrate crypto in their platform.

Surely it is.

Maybe you're not yet aware of his other company that's also in crypto. His other company name is Square. It's not actually Twitter that's going to be integrated with crypto.

But he has already Square for that. And his Twitter has been a big way to scatter good news about bitcoin and as you might haven't known yet, there's bitcoin icon that he added on it.

[Coyster]

I thought we stopped trusting these billionaires for their takes on cryptocurrency, especially after the fiasco with Elon Musk. These people made billions off traditional institutions and traditional currencies, I’m not interested on their useless commentary. Dorsey should fix his social media platform and promote free speech first, then maybe I’d take his opinion serious

I second that as well, you know it's not actually bad whatever this billionaires and rich individuals say about Bitcoin or other dex cryptocurrency or in whichever way they chose to endorse it, be it even for their own benefits, after all the network is decentralized and users have freedom to use their funds how they choose and can air their ideas of the network how they want to. What is wrong is how users really take their word for it, or invest in the network in reaction to what one billionaire or the other said, investing should be as a result of ones believe in a particular network and in how sustainable they think the project is for the long term.

[kidbounty]

I am very happy to see people that support Bitcoin, I have been reading lately about the Twitter CEO, Jack Dorsey. Not more than few days ago that Jack Dorsey said Square is building a new division that will focus on building decentralized finance (DeFi) services that utilize the Bitcoin network. He believes in Bitcoin and how it can be the native coin of Twitter.

Referring to Bitcoin as a native currency of the internet, Dorsey described opportunities to integrate BTC into existing Twitter services including commerce, subscriptions and new features such as Twitter Tip Jar and Super Follows.

The CEO explained to investors that a lot of Bitcoin-enabled innovation is “above just currency to be had,” as Twitter is committed to decentralize social media and provide more economic incentives. He noted that Bitcoin is one of three key trends for Twitter’s future alongside artificial intelligence and decentralization. “I think it’s hugely important to Twitter and to Twitter shareholders that we continue to look at the space and invest aggressively in it,” he said.

Dorsey emphasized that Twitter is not alone in its commitment to crypto, citing aggressive digital currency development by social media giant Facebook, which expects to pilot its Diem cryptocurrency later this year. But unlike Facebook, Twitter will one day focus on BTC as a native internet open standard. Dorsey stated:

“There’s an obvious need for this and appreciation for it. And I think that an open standard that’s native to the internet is the right way to go, which is why my focus and our focus eventually will be on Bitcoin.”

This is one of the man in the world that believe in decentralization and appreciative design of Bitcoin.

it's not surprising the statement came out of him, because from the start he was one of the people who supported bitcoin. if indeed the project became a reality, it would have huge potential. the combination of mainstream platforms with crypto will produce something extraordinary.

[jaysabi]

I thought we stopped trusting these billionaires for their takes on cryptocurrency, especially after the fiasco with Elon Musk. These people made billions off traditional institutions and traditional currencies, I’m not interested on their useless commentary. Dorsey should fix his social media platform and promote free speech first, then maybe I’d take his opinion serious

What ever gave you the impression twitter was a free speech platform? The company built a communications platform, it gets to decide what can be said on it. It's under no obligation to host speech that violates its terms of service.

[Reid]

And I hope Mark Zuckerberg does the same. Stop that entry of using one more coin for his own profit.
He already has the money, use Bitcoin instead. There is a long list of altcoins already and we don't need another one.

jack
@jack
Like our new #Bitcoin hardware wallet, we’re going to do this completely in the open. Open roadmap, open development, and open source. @brockm is leading and building this team, and we have some ideas around the initial platform primitives we want to build.

If it's in his own profit or not it's obvious he is still a supporter, a big one. I see some hypocrites here trying to say it's just for him. Won't you do it if you have that name and Bitcoin in your stash? I will!

[magneto]

Very interesting.

Obviously Dorsey probably has something in it for himself in order for him to say this. However, I still appreciate the support.

I personally see BTC more of a store of value going into the future, although it definitely has the capacity to scale quite substantially as required. Institutional adoption and investment levels are definitely ramping up, and it's not going to stop any time soon as the new generation who are more comfortable with the idea of BTC enters their primes.

[Lucius]

I thought we stopped trusting these billionaires for their takes on cryptocurrency...

It is no secret that people respect powerful people the most, and their power comes from money, but also from very influential social networks that shape public opinion. The majority of the public will never be against such people, and an obvious example is EM and the crypto community that generally continues to support it, regardless of individuals who think negatively about it.

Perhaps the whole point is that most think it’s better to have such powerful people on our side (at least seemingly), than that they use their influence and money against Bitcoin. The fact that someone has managed to earn a fortune by trading cryptocurrencies or in any other market is still positive for most, because people are always looking for some role models in an effort to achieve something in life.

[Taskford]

Very interesting.

Obviously Dorsey probably has something in it for himself in order for him to say this. However, I still appreciate the support.

I personally see BTC more of a store of value going into the future, although it definitely has the capacity to scale quite substantially as required. Institutional adoption and investment levels are definitely ramping up, and it's not going to stop any time soon as the new generation who are more comfortable with the idea of BTC enters their primes.

I appreciate his support to bitcoin but I'm still curious if he will still support it for long  term and will not act the same with Elon Musk where after he secure his profit he start to fud which contribute the collapse of the market. Maybe its early to judge him so let the future  tell on how good he is in terms of supporting  bitcoin in the long run.

I do hope that this technology will  exist for more decades and new generation can enjoy this since most provably bitcoin could save them from office slavery.

[Vishnu.Reang]

Very interesting.

Obviously Dorsey probably has something in it for himself in order for him to say this. However, I still appreciate the support.

I personally see BTC more of a store of value going into the future, although it definitely has the capacity to scale quite substantially as required. Institutional adoption and investment levels are definitely ramping up, and it's not going to stop any time soon as the new generation who are more comfortable with the idea of BTC enters their primes.

Any asset that is protected against inflation can be used as a store of value. Whenever I make this argument, a lot of users criticize me saying that Bitcoin is too volatile to be used for that purpose. But I don't agree with this argument. Usage as a store of value doesn't mean that you need to sell your asset after 3 months or 6 months. In most of the cases, it is for the long-term. And if you check the historical prices of BTC, it can be seen that BTC has never given a negative return ever since it's creation, if held for more than 12 months.