Bitcoin [BTC] Web's Native Currency - Twitter CEO.

Bitcoin [BTC] Web's Native Currency - Twitter CEO.

2019-02-06 | Selina Mathew

Bitcoin [BTC] Web's Native Currency - Twitter CEO.

In line with a recent 'interview' with American comedian and podcast host Joe Rogan, Chief executive officer and co-founder of 'Twitter' ‘Jack Dorsey’ revealed that he believes Bitcoin [BTC] would be the web’s native standard currency.

During the interview, Dorsey added:

“Bitcoin [BTC] was some-thing that was born on the web, that was developed on the web, that was tested on the web…It’s of the web.”

The Twitter’s chief executive officer had made a same claim before, noting in the mid of earlier year in 2018 that he sees Bitcoin [BTC] as a alternative for the web’s native currency.

Dorsey is additionally the founder and chief executive officer of mobile payments company ‘Square’, that offers its users to trade in Bitcoin [BTC]. Once, asked by Rogan if there are any plans to feature alternative cryptos to the app, Dorsey answered that there aren't.

As 'reported' earlier in Dec., Square has been awarded as the Yahoo Finance’s company of the year. Just one month earlier, Square had disclosed it generated around $43 Mln in Bitcoin’s [BTC] revenue for Q3 in 2018.

During the interview, Rogan additionally asked Dorsey if he sees any pushback regarding Bitcoin [BTC], to that he answered by suggesting to “just look at some of the main banks and their considerations on Bitcoin [BTC]."

Dorsey noted that “they all love blockchain, as a result of the efficiencies it can offer for their business and potentially new business lines,” but then instructed that this technology is “certainly threatening to bound services behind banks and monetary establishments, it’s threatening to some govt’s as well…”

Dorsey also forecasted that the web is transitioning to a system during which any information that's created would be on-line permanently. In line with him, “this is what blockchain helps offer, down the road, and we need to make certain that we’re being attentive to that.” He additionally expressed how he sees the long-run of the web:

“We’re moving to a world in which something created exists forever, that there’s no centralized management over who sees what, that these models become fully decentralized and all these barriers that we, that exist today, aren’t as vital any longer.”

The video of the interview has around 38k dislikes and 5.7k likes. Suggesting that Rogan deleted negative comments from YouTube, multiple users affixed one comment, suggesting that it's a replica of an originally deleted comment:

“Sargon of Akkad 2k upvoted, DELETED comment "If we've a right to use social media, you've got no justification for forbidding individuals, Jack.” referring to Jack at '51:21' Copy and paste this.”

The comment on Twitter bans may have been a reference to the extremely advertised Twitter 'ban' late last year of Alex Jones, the host of far-right web-site Infowars.

In the end of 2018, while speaking at a hearing regarding Twitter transparency at the United States House Committee on Energy and Commerce, Dorsey had publicly noted that blockchain might be accustomed to combat misinformation and scams.

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