Dorsey has also hired Bitcoin developers for his payments company,
Square.
Twitter CEO Jack
Dorsey, who has made absolutely no secret of his love for cyrptocurrency
over the years, says Bitcoin for him is like poetry
Praising 'The
Bitcoin' whitepaper that was published in 2008 by Satoshi Nakamoto (a name used
by the presumed pseudonymous person or the group who developed bitcoin) that
outlines what Bitcoin is and how it works, Dorsey said he sees ample
opportunity for Bitcoin to bring about a sea change in the world.
The Bitcoin
whitepaper is "one of the most seminal works of computer science in the
last 20-30 years. Bitcoin is like poetry," he said during an Artificial
Intelligence (AI) podcast with MIT research scientist Lex Fridman via The Daily
Hodl.
"I think it
was smart not to do it anonymous, not to do it as a real identity, but to do it
as a pseudonym because I think it builds tangibility and a little bit of
empathy that this was a human or a set of humans behind it. There's this
natural identity that I can imagine," explained Dorsey.
Does Bitcoin has
the potential to become the major currency of the world and redefine how money
works?
"Definitely,
but I think the bigger ramification is how it affects how society works. I
think there are many positive ramifications outside of just money. Money is a
foundational layer that enables so much more," Dorsey replied.
Twitter is also
considering a feature that would allow users to tip one another - in Bitcoins.
The Information
reported recently that the micro-blogging platform is working on implementing a
new payment feature to let people send money to each other.
It is not yet
clear whether the Twitter tipping feature would integrate with Dorsey's other
company, Square, which is a financial services, merchant services aggregator,
and mobile payment company based in San Francisco.
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