Speaking at the Bitcoin 2021 conference, Twitter CEO Jack Dorsey highlighted the characteristics that make Bitcoin a tool that can provide financial sovereignty and the ability to store value for the unbanked and underbanked world. He also described his personal belief and passion for building technology.
“For me, bitcoin changes absolutely everything,” Dorsey said. “What he is most attracted to is ethics, and what it represents… all that I can do, and whatever my company can do to achieve [Bitcoin] Within everyone’s reach, that’s what I’m going to do for the rest of my life.”
He was joined during the discussion by Alex Gladstein, chief strategy officer at the Human Rights Foundation and another advocate of Bitcoin’s sovereign potential. Gladstein asked how Bitcoin could become a network that enables the worldwide masses of unbanked and underbanked people to achieve greater financial sovereignty.
“[Bitcoin] It will be used by more and more people, and my belief in bitcoin is that it is an amazing resource…but you have to be able to deal with it every day,” said Dorsey, highlighting the Lightning Network as a solution that could make this possible. The only reason Square got into Bitcoin is to achieve that end.”
Attendees interrupted the discussion at one point, apparently accusing Dorsey of unnecessary censorship of free speech via Twitter. Gladstein who asked Dorsey how the open source model of Bitcoin could inspire a censorship-free or censorship-resistant social media platform.
By creating a file [social media] A platform… completely inspired by Bitcoin, we want to do the same for Twitter,” Dorsey said, “I know you don’t believe me, I know you call me a liar.” I will prove it to you.”
Dorsey also emphasized the importance of encouraging bitcoin investors to keep their private keys and stay only with bitcoins.
“As exchange custodians, we need to pay more companies like us to make sure companies have non-custodial solutions,” he said. “There is nothing else that can compare to [bitcoin]. We have no interest in anything else.”