Bitcoin is key to the future of Twitter, Jack Dorsey says - page 2.

Silberman

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Quote from: magneto on July 25, 2021, 05:18:58 AM

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.

Bitcoin could be a lot more than that, but when the whole world is inundated by fiat currencies and governments cannot stop themselves of printing more of them then the best use case for bitcoin at the moment is as a store of value, and since the fiat system is going to continue for quite some time I expect the same to be true for as long as the fiat system lasts, however once this system fails then we could begin to see bitcoin gaining extreme popularity as a currency.

capcaypro

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Jack Dorsey is one of the pioneers for young millennials which I think his follow-up can be imitated because he is one of the people who firmly believe that BTC will be a valuable asset in the future. he keeps telling people about this and I think the following of this guy is growing day by day because with his skills I think he will be a person who can be influential in his words people will be able to follow.
and this is an advantage for bitcoin holders because this is a positive thing at least now there are young people who have extraordinary followers who can direct people to adopt bitcoin

oHnK

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Am I the only one who thinks that the strengthening in the crypto market is motivated by Jack's recent conversation with EM and Cattie? Initially BTC, which was stuck at 32k USD, slowly rose to 37K USD, and this was quite awaited by investors and traders even though their conversation could also be seen from various sides, whether it was pure without any other agenda or there was another meaning behind the conversation.

Renampun

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Quote from: Charles-Tim on July 23, 2021, 04:54:40 PM

...

I predict this man will shine even more in the future...

he is increasingly focused on developing the lightning network now he is also focusing on developing defi on the bitcoin network. the bitcoin community will definitely continue to support its plans, we are increasingly leading to mass adoption.

dupee419

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Big companies are willing to hop in the bandwagon, it's definitely the future, Twitter and Jack Dorsey looks like to produce something amazing out of this, a feature like a Twitter tip jar or super follows does look nice, and Twitter would expand even more, one of the heavily used social media platform everyday, I can only just imagine how big this will be in the future.

SquallLeonhart

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Quote from: finaleshot2016 on July 25, 2021, 09:18:50 AM

I really like how Jack Dorsey endorsed crypto in the public as the CEO of a leading social platform here on the internet, unlike other platforms that ban crypto in their platform. It's very interesting since it's rare that some popular people really support cryptocurrency because some are still not aware of BTC's potential and are scared to enter crypto. This is another opportunity to make crypto grow and because of that, more people will still invest and pump the prices of all the crypto. Cryptocurrency is very popular on Twitter, it's one of the main communities being used and you can notice that a lot of analyses, airdrops, and ideas about crypto are being tweeted there.

I remember back in the day when I tried to do a marketing on google, they banned the word "ico" for a while, and "initial coin offering" as well, it was really shameful because they could have made so much money and yes there were people who did scammed investors using ICO method, but there were so many great ones as well. Look at the top 50 of the whole crypto world, you will see many that started with the ICO system and they are now worth over north of 10 billion dollars, and for some reason google see it fit to ban something that they did? I do not get why some social medias were against it.

Twitter is the hub of crypto talk, you can see crypto accounts everywhere on twitter not only because it is easy to be there, but because people feel welcomed there when they talk about crypto instead of something they fear they may not survive long and get banned. Jack was obviously the reason for that since the start.

finaleshot2016

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I really like how Jack Dorsey endorsed crypto in the public as the CEO of a leading social platform here on the internet, unlike other platforms that ban crypto in their platform. It's very interesting since it's rare that some popular people really support cryptocurrency because some are still not aware of BTC's potential and are scared to enter crypto. This is another opportunity to make crypto grow and because of that, more people will still invest and pump the prices of all the crypto. Cryptocurrency is very popular on Twitter, it's one of the main communities being used and you can notice that a lot of analyses, airdrops, and ideas about crypto are being tweeted there.

Vishnu.Reang

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Quote from: magneto on July 25, 2021, 05:18:58 AM

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.

Taskford

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Quote from: magneto on July 25, 2021, 05:18:58 AM

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.

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Quote from: Gyfts on July 24, 2021, 02:09:24 PM

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.

magneto

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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.

pilosopotasyo

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Since one of the influential guys on the internet posted this I believe it is, in the past, only investors and people with great interest are posting that Bitcoin is the future, but now we have the biggest influencers on the internet and the top investors and richest people announcing their support and believe that Bitcoin is the future, we now have all the reasons that Bitcoin is indeed the future.

Reid

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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.

Quote

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!

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Quote from: Gyfts on July 24, 2021, 02:09:24 PM

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.

kidbounty

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Quote from: Charles-Tim on July 23, 2021, 04:54:40 PM

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.

Quote from: https://cointelegraph.com/news/bitcoin-is-key-to-the-future-of-twitter-jack-dorsey-says

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.

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Quote from: Gyfts on July 24, 2021, 02:09:24 PM

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.

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Quote from: CaVO32 on July 23, 2021, 07:52:07 PM

Quote from: sunsilk on July 23, 2021, 06:41:01 PM

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.

Silberman

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Quote from: sunsilk on July 23, 2021, 06:41:01 PM

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.

AniviaBtc

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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.

Gyfts

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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

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