Twitter CEO Jack Dorsey has become the unlikely hero of ₿itcoin social media after he joined the Lightning Network and said he would never own any altcoins.
Jack Dorsey Joins Lightning Network
In a tweet February 6, Dorsey confirmed his participation in the Lightning Network’s Torch initiative, a relay transaction started by a community member last month.
Regular commentator Matt Odell invited Dorsey to send him an invoice via Lightning, which in turn would net him the transaction. Dorsey obliged, leading to a flurry of excited tweets from well-known figures.
“This will become one of the most historic tweets by (Dorsey),” Armin van ₿itcoin . And so, we begin the era of #BitcoinTwitter.”
Cool example of experimenting on the Lightning Network.
Torch received, now passing along to !
— jack (@jack)
Torch received, now passing along to ! As Bitcoinist , Lightning Torch aims to produce better awareness of the benefits Lightning holds for ₿itcoin users. Since its debut over a year ago, the technology, which allows ₿itcoin transactions which occur almost instantly for hardly any fee, has seen a year of frantic development.
In January, the total available capacity 600 BTC for the first time, and at press time had expanded further to 646 BTC ($2.2 million).
‘No’ and ‘Hell Not’ to Anything Except ₿itcoin
Dorsey meanwhile did not stop at Lightning advocacy. In , he publicly claimed he would not choose to own any other cryptocurrency except ₿itcoin, and also on confusion over the difference between ₿itcoin and ₿itcoin Cash (BCH).
bitcoin Cash, proponents of which control the @bitcoin Twitter handle, had released a message complaining about ₿itcoin’s future high fees around the time of Dorsey’s endorsement.
“bitcoin is resilient. ₿itcoin is principled. ₿itcoin is native to internet ideals. And it’s a great brand,” he .
Jack ‘Loves’ Idea of Tipping in Satoshis on Twitter
Previously, the Twitter CEO had said on several occasions in public forums that he foresaw ₿itcoin becoming the “native currency” of the internet. The perspective has appeared to contrast with Twitter’s policy, which includes a ban on all cryptocurrency-related advertising.
However, Dorsey has now he “loves the idea” of microtips on Twitter improving the quality of content. Such a tipping service already exists, and was in fact the source of Lightning Torch.
Love the idea
— jack (@jack)
What’s more, Dorsey has an interview with Lightning network developer and Lightning labs cofounder, Elizabeth Stark, along with podcast host Stephan Livera for this Saturday 1PM (PT).
His other project, ₿itcoin-friendly payment network Square, will also become a full ₿itcoin wallet in future, he .
What do you think about Jack Dorsey’s ₿itcoin advocacy? Let us know in the comments below!
Images courtesy of Shutterstock, Twitter
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Published at Wed, 06 Feb 2019 11:00:46 +0000
