Twitter CEO Jack Dorsey say "hell no" to Libra
Bitcoin fan and Twitter CEO Jack Dorsey said today at a Twitter media event in New York City. He said “hell no” when asked if he would join the Libra Association.
He then went on to explain that the Facebook-created stablecoin didn’t need to be a cryptocurrency to pull off its broader goals of democratizing the financial system.
“I don’t know if it’s a gimmick,” said Dorsey “but a cryptocurrency wasn’t necessary to make that work”
“It’s not an internet open standard that was born on the internet,”
“It was born out of a company’s intention, and it’s not consistent with what I personally believe and what I want our company to stand for.”
He had some very interesting things to say here are some other highlights:
“I think the internet is somewhat of an emerging nation-state in almost every way,”
“It almost has a currency now in the form of cryptocurrency and bitcoin.”
Jack Dorsey has always been a big fan of Bitcoin and clearly believes that Bitcoin is the cash of the internet. If Twitter adopted Libra it would be a massive step but that does not look like it's going to happen. This leads me to think about what would happen if Twitter made a Bitcoin wallet.
Author
Rajan Dhall, MSTA
FX Daily
Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.
