Jack Dorsey, the man behind Block, has come up with an intriguing idea: If Bitcoin flops, it’ll be because nobody needs it! Forget about it becoming a daily staple like coffee or bread. According to Dorsey, if Bitcoin doesn’t stay useful, it’s just another toy to buy and forget about. Hmm, sounds a little harsh, don’t you think? 😂
Jack Dorsey, CEO of Block (yes, that’s the company working on Bitcoin mining tech—fancy, right?), recently had a chat about Bitcoin’s future on the Presidio Bitcoin’s 21 in 21 podcast. When asked what could doom Bitcoin, Dorsey dropped a bombshell: Irrelevance! Can you imagine? A technology that’s “just there” and doesn’t do anything for you. Not exactly the future we all signed up for, eh? 😬
He went on to say that Bitcoin must remain *essential* to our daily lives—like that trusty old wallet that’s always with you. Without that, it’s just a fancy digital coin you buy once and never think about again. Not ideal, huh? He’s convinced the only way to save it is by making Bitcoin super handy for payments. If not, it’s basically a glorified emergency fund. But who wants that? 🧐
In fact, Dorsey really hammered home the point later on in the podcast. He argued that the way to keep Bitcoin alive and kicking is to make it super easy to use and fast. Like, Visa and Mastercard fast! Imagine Bitcoin *competing* with those guys! Now we’re talking! 💸
But wait—Dorsey wasn’t done. He also threw some shade at Bitcoin’s Lightning Network, the current go-to system for microtransactions. Sure, it’s useful, but apparently not good enough for Dorsey. “It’s challenging,” he said, implying there’s a whole lot more room to grow. Can we do better? You bet! 💥
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2025-04-07 14:58