Bitcoin Currencies News & Updates

Twitter gives Bitcoin a Push!

Joe #Rogan may have landed his biggest guest yet on his popular podcast, the Joe Rogan #Experience: Jack Dorsey, the #founder and CEO of #Twitter and Square and an avowed Bitcoin bull.

JOE ROGAN EXPERIENCE #1236 – JACK DORSEY

In a wide-ranging two hour interview published #Saturday, Jack addressed a number of topics, including questions about Twitter censorship, doxxing, “SmirkGate,” Donald #Trump, Alex Jones, the nature of tech giants, the future of the Internet, and #Bitcoin.

Here’s what Jack had to say:

ABOUT BITCOIN MAXIMALISM

“I believe the Internet will have a native #currency and I don’t know if it’s Bitcoin. I think it will be [Bitcoin] given all the tests it has been through and the #principles behind it, how it was created. It was something that was born on the Internet, was developed on the #Internet, was tested on the Internet, [and] it is of the Internet.”

ABOUT INTEGRATING BITCOIN ON SQUARE’S CASH APP

“The reason we enabled the purchasing of #bitcoin within the Cash App is we wanted to learn about the technology and we wanted to put ourselves out there and take some #risks.”

“We’re the first publicly traded #company to actually offer it as a #service. We’re the first publicly traded company to talk to the SEC about Bitcoin and what that means, and it made us #uncomfortable. We had to really understand what was going on. And that was #critical and important.”

ABOUT CRYPTOCURRENCY

Square Cash app bitcoin

Square’s Cash App allows users to buy and sell bitcoin.

“We would love to see something become a global #currency. It enables more access. It allows us to serve more people. It allows us to move much faster around the #world. We thought we were going to start with how you can use it #transactionally, but we noticed that people were treating it more like an #asset, like a virtual gold, and we wanted to just make that easy, just the simplest way to buy and sell #bitcoin.”

ABOUT RISKY BITCOIN SPECULATION AND DAY #TRADING

“It had to come with constraint, because you know, three years ago, people did some really unhealthy things about #purchasing bitcoin. They maxed out their credit cards and put all their life savings into #bitcoin.”

“So we developed some very simple restrictions and constraints, like you can’t buy bitcoin on the Cash App with a #credit card. It has to be the money you actually have in it. And we look for day trading which we #discourage and shut down. That’s not what we’re trying to build. that’s not what we’re trying to #optimize for.”

A CHILDREN’S BOOK ABOUT BITCOIN

“We even made a children’s #book explaining what Bitcoin is and where it came from and how people use it and where it might be going.”

ABOUT INSTITUTIONAL BANKING AND BITCOIN

“Look at some of the major #banks and their consideration around bitcoin… There’s no centralized control over it. And I think that’s #threatening.”

“It’s certainly threatening to certain services behind banks and financial #institutions. It’s threatening to some #governments as well. So I just look at this like how can we embrace this #Technology and not react to it more from a threat #standpoint?”

ABOUT TECHNOLOGICAL AND COMMERCIAL DISRUPTION

“What does it enable us to do and where does our value #shift? And that’s what we should be talking about right now: how our #value shifts. And there is always really strong answers to that #question, but if you’re not willing to ask that question in the first place you will become irrelevant, because #technology will continue to #march on and make you irrelevant.”

“And it’s the people that are growing up with this technology, are born with that #technology, only knowing that technology, or they’re asking the tough questions of #themselves that are going to be super relevant to their #business. And they’re thinking about it right now, and they’re taking #actions.”

JOE ROGAN EXPERIENCE #844 – ANDREAS ANTONOPOULOS

Joe #Rogan, a mixed martial arts commentator and standup #comedian, is also a big proponent of Bitcoin as a global currency and has addressed cryptocurrency on several#podcasts, including having notable cryptocurrency author and speaker, Andreas #Antonopoulos on the podcast a number of times.

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