Twitter CEO Jack Dorsey: “Bitcoin changes everything. I don’t think there’s anything more important in my life than this.”

Twitter Square CEO Jack Dorsey is a dying-in-the-wool Bitcoiner, describing the cryptocurrency white paper as “si”, has a Bitcoin clock at home, and has been involved in Bitcoin adoption and development. A person who has donated generous amounts of money to accelerate it.

At the Bitcoin 2021 conference in Miami today, he doubled that love. During a nearly 30-minute conversation with Human Rights Foundation’s Alex Gladstein, Dorsey said, “Bitcoin completely changes everything. Decrypt reported this on the 5th (local time).

“What a company can do to make it accessible to everyone is how I’m going to spend the rest of my life,” said Jack Dorsey. Had it not been for Square or Twitter, I would have been working on Bitcoin. If you need more help than Square or Twitter, I’ll leave it to Bitcoin.”

Asked ‘how can Bitcoin help the unbanked (those who do not use a bank account), which is estimated to be 1.7 billion people worldwide in 2017,’ Jack Dorsey said, “We need to end the current banking system. do,” he claimed.

“Well, we don’t need banks anymore. We can always do the right thing over time with this amazing consensus that is thriving, healthy, and community driven. Noble, very rare and unique.”

Dodge also spoke of a donation fund he started in February with rapper and entrepreneur Jay Z. The duo donated 500 BTC (currently about 21.5 billion won) to encourage Bitcoin development around the world, starting with Africa and India. “They are working on setting up a board for the fund, and then they will start making subsidies in BTC,” Dodge said. And he will have no control or say in the board’s decisions.

“Jay-G likes Bitcoin,” Dodge said. “He thinks very deeply about what he loves, believes in it, and also believes in this idea that if we are to make this money for the world, it must be developed globally.”

Early this morning, the city announced on Twitter that Square was “considering” creating a non-custodial Bitcoin hardware wallet, and that it would publicly produce it with community participation. When Gladstein asked about it, he replied:

“We don’t want to compete with hardware wallets. We just want to go one step further and reach over 100 million people with non-custodial solutions. I think we will do that soon.”

“It’s all about Bitcoin for Square and Dorsey. So we do not deal with other currencies or coins. We are focused on making Bitcoin the native currency of the Internet,” he said, discussing the need to support the Lightning Network to enable daily use and payment of Bitcoin.

In fact, the city dismissed other cryptocurrencies such as Ethereum and Dogecoin all at once. “For me, all other coins are not considered at all,” he said.

The city also commented on the topic of the government pushing CBDCs as an alternative to Bitcoin adoption: “It’s frustrating, it’s nonsense. We can find a much better alternative to Bitcoin.”

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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.