· March 21, 2018 · 9:00 am
Bitcoin Will Be ‘Internet’s Single Currency,’ Twitter CEO Says Despite Ad Ban Rumors
Twitter CEO Jack Dorsey has gone on record with his most daring support of bitcoin yet, saying it will become the world’s “single currency.”
Dorsey: ‘That Currency Will Be bitcoin’
Speaking to the while in London promoting his pro-crypto payment platform Square, Dorsey said a global “shift” towards cryptocurrency could happen sooner than 2028.
“The world ultimately will have a single currency, the internet will have a single currency,” he said.
I personally believe that it will be bitcoin.
His comments strike a contrast with current sentiment amid rumors Twitter will in the steps of Facebook and Google to ban cryptocurrency advertisements.
Sky News March 18 citing unknown sources that Twitter’s new advertising policy “currently stands to prohibit advertisements for initial coin offerings (ICOs), token sales, and cryptocurrency wallets globally” and could take effect as early as April.
“bitcoin will overtake the dollar in importance as it becomes the single global currency of the internet within a decade” – Jack Dorsey
— Bitcoiner (@AnselLindner)
Dorsey’s Empire Continues bitcoin Journey
Dorsey himself also admits that in its present state, bitcoin does not fulfil his prerequisites for transactions, describing them as “slow and costly” despite recent huge reductions in both fees and waiting times.
Last week, Dorsey revealed he was one of the investors in a $2.5 million seed funding round for , a startup which released the first Lightning Network mainnet beta product Lightning Daemon.
“…As more and more people have it, those things go away,” he said about bitcoin’s current network challenges.
There are newer technologies that build off of blockchain and make [bitcoin] more approachable.
Unlike Twitter, Dorsey’s Square meanwhile is ramping up interaction with bitcoin, rolling out payment functionality to .
Only account holders in three US states – Georgia, New York and Hawaii – are barred for regulatory reasons, with New York residents soon to come on board thanks to Square’s BitLicense approval.
What do you think about Jack Dorsey’s forecast for bitcoin? Let us know in the comments below!
Images courtesy of mobilemarketingmagazine.com, Shutterstock
Published at Wed, 21 Mar 2018 13:00:35 +0000
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Bitcoins & Gravy EP #98: Worldwide Asset eXchange (WAX): Gaming will never be the same!
On today?’?s show I am privileged to be speaking with Michael Maloney, the Solution Architect for WAX – the Worldwide Asset eXchange. Wax is quite literally a game changer . . . read on . . .
INTRODUCING THE NEW FACE OF VIRTUAL GOODS TRADING
The World Asset eXchange (WAX) will pave the way for a game-changing use of smart contracts. As a platform, WAX will be one of the most innovative applications of blockchain technology, extending its user base to a global audience of 1.8 billion gamers.
WAX is a utility token coupled with a decentralized platform and will be used by all participants in the virtual item trading industry: listing and selling agents, item transfer agents, appraisers, affiliates and buyers and sellers . WAX has a multitude of uses, including safely transferring digital items between buyers and sellers, apportioning fees out to marketplace participants who facilitate transactions and a payment mechanism for settling trades.
Developed by the founders of OPSkins, the world?’?s leading marketplace for online video game virtual items, WAX is designed to serve the existing 400+ million gamers who already collect, buy and sell virtual items. By decentralizing the isolated and regional marketplaces where virtual items are traded today, WAX fuels the growth in the $50 billion secondary market for video game virtual items.WAX utility tokens will enable 1.8 billion gamers worldwide to quickly and easily harness the power of a fully developed, highly complex virtual item ecosystem. WAX will provide settlement, liquidity, security and other necessary features for an orderly well-functioning market.
CREDITS & VALUABLE LINKS:
www.WaxToken.com
www.Opskins.com
TRANSCRIPTIONS:Great news listeners! Our transcription page is now live on the website thanks to the continuing hard work of one of our loyal listeners who is also a consultant to the show.These Professional transcriptions are provided each week by one of our fans who can be found at:
Ode To Satoshi
Ode to Satoshi lyrics & melody by John BarrettCopyright 2014 RJM Publishing – BMI Nashville.
Lead Vocal, Harmony Vocals, Harmonica, Snare Drum: John Barrett
Harmony vocals: John Barrett, Connie Sinclair and Lij Shaw
Guitar: Jonathan Brown
Mandolin: Ben Miller
Bass Guitar: Michael Rinne
Initial tracks recorded by Mark Thornton of Sidekick Sound Studios, Madison, TN. All other tracks Recorded, Mixed and Mastered at The Toy Box Studio, Nashville, TennesseeEngineer: Lij Shaw. Assistant to engineer: Don ?’?œThe Don?’ BatesProduced by John Barrett & Elijah ?’?œLij?’ Shaw
Special thanks to Alan Baird for his dobro, guitar and mandolin playing on many of the shows. Now that?’?s some pickin man! Thanks also to Alex Munoz Guijarro for his excellent pedal steel playing on many of our shows.
Interviews for this episode were recorded and edited by John Barrett at The Tree House Studio – Nashville, Tennessee. All shows are produced by John Barrett with the moral support of his trusty sidekick Maxwell Rascalnikov CoyoTe Rex, aka Max.
Questions or Comments?
Email me to say Howdy!: howdy@bitcoinsandgravy.com
Visit theWebsite: BitcoinsAndGravy.com
Bitcoins and Gravy Tipping Addresses:
bitcoin: 15oZeYv9oJceXCRXACdwSUQf7HddRPdir4
Litecoin: LgqYgxLTBPgr8C1JGLLJVLK4ZN1fveprAp
And if you don?’?t feel like contacting me, just kick back, relax and enjoy the show.I hope you enjoy listening to my guests as much as I enjoy talking with them!
