Again and again, Bitcoin will find prominent supporters and also Twitter CEO Jack Dorsey is among the Bitcoin enthusiasts. This dialogue is expressed, for example, in Dorsey’s Payment company Square, which offers services for payment transactions. Now the managing Director of the micro-blog service, was given an Interview with the Australian Financial Review and expressed, among other things, bitcoin’s role as a currency. A fascinating insight into Dorsey’s thoughts!It is Once again Monday and thus, the start of a new weeks. If you want to see the most Important of the last week, again in a nutshell, then review for KW 36 is our week just Right!
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Bitcoin is only partly suitable as a currency?
Actually, we know Jack Dorsey as a clear Bitcoin supporters. So he called, among other things, the Payment company Square in’s life, through the Bitcoin Ecosystem, should be strengthened.In a current Interview with the Australian Financial Review Dorsey not only words of praise for BTC. So he casts a critical eye on the characteristics of the most popular digital currency, and does not come to the conclusion that Bitcoin works as a currency‘.
Bitcoin is as a currency to function.
This statement sets Dorsey, however, in Relation to this. Because, if he had to choose between the digital currency by Facebook and Bitcoin, he would prefer BTC to Libra quite clear.We come again back on the reasons why Bitcoin according to Dorsey’s is not suitable opinion as a currency. The CEO of Twitter announced here, in particular lack of large-scale access and lack of acceptance as obstacles. Also, the high volatility he sees as a Problem. In his opinion, Bitcoin behaves in a sum yet to be as strong as an investment object and not as a currency.
The peaks and low points of Bitcoin as an investment object, and equivalent to Gold. What we need to do, however, is it as a currency more usable and to make it accessible – in the [=is not the infrastructure] is still here.
Dorsey on the other hand, however, also words of praise for Bitcoin. Because the recent Interview between the Australian Financial Review and Dorsey was part of a business trip, in the Dorsey for new payment terminals and advertising in Australia. So Dorsey is, of course, is also optimistic and convinced that Bitcoin would be adopted about the time of the ‘broad mass’.Trading on our brokers comparison-winning eToro. You are looking for a reliable and intuitive Broker to trade crypto-currencies, CFDs, shares, Forex, commodities and more? Then let yourself be in our eToro Test in 2019 all of the features explain, what possibilities are given to you here and where is here the Before – and disadvantages are . eToro Test 2019 read now.
Twitter CEO Dorsey: Bitcoin as an Internet currency
Now, it is simply not the case that Dorsey has lost in total, his Faith in Bitcoin. On the contrary, he believes the role of BTC is equivalent to that of a native currency for the Internet.As the reasons of the Twitter called the CEO, in particular, the resilience of the network and the reputation of the ‘Brand-Bitcoin’. Literally, Dorsey said:
I think that Bitcoin is the Best, because it’s on resistance is capable of most, for 10 years already exists, it is a great brand and tested enough, it was.
Especially in comparison with other crypto-currencies Dorsey Bitcoin sees the pioneering role.
If I currencies on the Crypto-look, could take on the role of a native currency for the Internet, Bitcoin has the highest probability.
Dorsey – a plea for freedom of the Internet and decentralization
As indicated earlier, was the Facebook of crypto-currency Libra, a theme of the Interviews. Dorsey said in all clarity: he is not going to support Libra. Behind it is a clear plea for freedom on the Internet and decentralization stands for.
Open Internet standards serve each Person better. This is better than those Standards, controlled by companies or started.
With these words, Dorsey to give reasons for its ‘rejection’ Libra. He added also, that Twitter is not pursuing similar plans of its own digital Coins. But Libra is officially on the market, will Facebook be allowed to-head Mark Zuckerberg, for some time, with the regulatory authorities to spend.What do you say to the statements of the Twitter CEO? Bitcoin has the potential to be the currency of the Internet? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. [Image Source: Shutterstock]