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Twitter CEO Says Bitcoin Will Be the World's 'Single Currency' In 10 Years (theverge.com)

Posted by BeauHD on from the one-for-all dept.

In a recent interview with The Times, Twitter and Square CEO Jack Dorsey said he believes that bitcoin will become the world's single currency within 10 years. "The world ultimately will have a single currency, the internet will have a single currency," said Dorsey. "I personally believe that it will be bitcoin." Dorsey went on to say that the transition would happen "probably over ten years, but it could go faster." The Verge reports: That Dorsey is a fan of bitcoin isn't too surprising, though. In addition to serving as the CEO of Twitter, Dorsey is also the CEO of Square, which recently added the option to buy and sell Bitcoin directly from the Square Cash app. The company also released an illustrated children's story touting the benefits of the digital currency. As for Dorsey himself, he's gone on the record in an interview with The Verge's own Lauren Goode about the benefits of bitcoin as a currency, describing it as the "next big unlock" for the world of finance. (Dorsey owns an unspecified amount of the cryptocurrency.)

7 of 256 comments (clear)

  1. From the wheres-my-business-model-apartment by Anonymous Coward · · Score: 5, Funny

    Well, at least it will be sooner than twitter's working business model.

    1. Re:From the wheres-my-business-model-apartment by fahrbot-bot · · Score: 4, Funny

      Well, at least it will be sooner than twitter's working business model.

      And it could be a self-defeating prophecy. All that electricity going toward mining, none left for tweeting. At least we'll all be warm.

      --
      It must have been something you assimilated. . . .
  2. Re:OK by Anonymous Coward · · Score: 2, Funny

    Of course everyone on this planet will have internet access by then. How else will the world government control us?

  3. Yeah, right. by HanzoSpam · · Score: 4, Funny

    Given that Twitter can't seem to make any money, what makes their CEO's views on economics noteworthy?

    Listening to this guy's opinion on bitcoin is like buying stock based on tips from a homeless guy.

    --

    Progressivism: Parasites helping parasites to help themselves - to other people's stuff.
  4. Re:Just a hunch, but... by Anonymous Coward · · Score: 3, Funny

    True you need the Harlem Globetrotters for String Theory (per Futurama: https://en.wikipedia.org/wiki/Time_Keeps_On_Slippin%27)

  5. Re: Just a hunch, but... by PopeRatzo · · Score: 5, Funny

    Are you retarded?

    I want the slickest, meanest, slimy, ugly motherfucker on my team. We're up against Russia and China, who have no problems murdering anyone to get ahead (or just to make a point).

    Obama was a massive pussy in their worldview. They walked all over him, and we suffered for it.

    Now we're doing the walking. Put your boots on, or shut the fuck up.

    DO NOT CONGRATULATE

    --
    You are welcome on my lawn.
  6. Truth in advertising by Rumagent · · Score: 3, Funny

    Translation: Twitter CEO has bought bitcoin and want to dump it