You probably don’t need us to tell you who is Joe Rogan. He’s a talk show host of a rather independent streak who often has fascinating guests featured in his show. He talks about everything (his box shows are particularly impressive).
He recently had Jack Dorsey as a guest. Mr. Dorsey is well known as Twitter’s founder and CEO. He is not as often in the spotlight as many other technology celebrities, but, as the man who still owns Twitter, he’s quite an influential element of the Internet in particular and of technology in general.
Jack Dorsey’s vision
The conversation shared by Mr. Rogan and Mr. Dorsey was quite interesting because it wasn’t centered about Tweeter as much as you could have imagined. It turned out to be very much about cryptocurrencies and cash, which is why it’s so exciting if you are involved with digital assets in any way. In this article, we’ll give you some of the highlights.
The first idea is quite appealing. Mr. Dorsey thinks that the internet will have a native currency sooner or later. While he didn’t commit to Bitcoin for that role (or to any other), he made it clear that it’s unavoidable and that it will happen.
He didn’t say when or how, but we also know that he’s deployed a cash app and that it includes Bitcoin as a currency.
Bitcoin, of course, would be the main suspect for sure. But it’s not the only one. BitTorrent is about to become a blockchain network running on Tron, and it already issues a token that will reward BitTorrent’s users (called BTT).
That’s not what Mr.Dorsey thinks or says, but if you take into account that BitTorrent has been the world’s largest decentralized network for years already and that it’s about to become part of the crypto world, it becomes a natural candidate, even if Bitcoin still holds all the advantages. It’s natural. It was developed, tested and studied on the Internet.
Mr. Dorsey explained how his company is the first publicly traded company to offer Bitcoin for sale to customers and how that wasn’t a walk in the park exactly. Also, a truly global currency would enable companies and people to be freer and move around goods, services, information, and money all around the world.
Bitcoin for wealth storage or for global transfers?
Then he went on and told Mr. Rogan how most Bitcoin users are not really using it as a retail currency, but as a means to store wealth (digital gold, if you will). This is not obvious if you take into account that Bitcoin’s main success so far has been precisely as a payments system. It already processes almost as much money as Visa and Mastercard, and yet, it seems that most holders are not using it that way.
Additional conversation subjects included protecting users by not allowing Bitcoin purchases through credit cards or by suppressing day trade so that these users who have their savings in BTC do not risk losing everything on a bad day.
These are interesting news. Even more so because in the current bearish market (which has been quite protracted already) it takes vision and bravery to still look at the crypto market and see the future that it can have fundamentally instead of just worrying about the currently low prices.
Image courtesy of Pixabay.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.