Jack Dorsey on why he's bullish on Bitcoin (B Word Conference)

Avaldati 21 juuli 2021
At the B Word conference, Square CEO Jack Dorsey talks about the benefits of Bitcoin and why he believes it should be the native currency of the Internet. Visit theBword.org for more information about the conference.

Kommentaarid

  • The b word - the trio scaldal - Musk Cathie Jack

  • bitcoin is a national security issue. if we collapse in the west, you know who could attack India and start some scary stuff. we gotta stay afloat. bitcoin is the lifeboat.

  • Elon Musk should have said Jack Who

  • Por favor traducir en Español,

    • en la barra de abajo del video le puedes colocar subtitulos en español

  • You know, no Crypto enthusiast was ever able to explain to me the value of Bitcoin itself. Like, a country's currency is tied to a country's economy, stocks are tied to the company and it's worth, but what's the value of Bitcoing and such, outside of hype? When people tell how Bitcoin is the future, they usually talk in very vague notions, or either end up telling how great it is as an anonymous payment system or just criticize (usually in a smug and rude manner) how bad regular currencies are, but nothing about it being good as a currency. I hear more about what bitcoin isn't than what it is.

    • @Platicus Here you go about "the banks" again. Similar financial institutions are making a fortune off commissions on Bitcoin transactions and exchanges. They just aren't giving loans in it because the rate is so jumpy. But the "world's economy" - how do you imagine that? Take the GDP of all countries and divide it by the number of countries? If my country has a bunch of people who have bitcoins, but overall national economy is bad, should that affect the value of Bitcoin overall? Should next Eastern European crisis affect the value of this new currency in LATAM? And building our business around bitcoin sure is profitable but building it on Bitcoin? How can you, as a company, have your main fund jump up and down on value for 25% and it be considered normal? It can't become a currency of the world without stopping being so volatile, but it cant stop being volatile because the point is that nobody can regulate it.

    • Bitcoin’s value is tied to its users and the businesses built on it. Like you said currency has value because it’s tired to a country’s economy! Think of Bitcoin like that but instead of a country’s economy it’s tied to the world’s economy. Bitcoin will eliminate the primitive slow process of exchanging money and it will eliminate the need for converting a currency; the cherry on top is the fact that it’s decentralized and the people will be in control of the money not the banks who are making 10% return on your money, while you get none of it.

    • @Klement M From a quick look it seems to be explaining how the coins are mined, not what value they have, outside of a speculative one

    • A good starting point would be to read into the types of consensus algorithms for blockchains. The nodes on the network account for a good portion of the intrinsic value that cryptoassets have

  • I can just imagine someone shopping with bitcoin, putting goods in their cart, and then sitting there, waiting until the exchange rate jumps again for their benefit.

  • Jack Dor-censorship is a disgrace!!

  • 1:34 Niaja and Ghana Stand up!!! 🇳🇬🇬🇭

  • 1:05 Jack found out about BTC in 2009? Damn!! He might be even richer than Elon..

    • Jack is probably smarter than all of you and bought it early. Just saying

    • Don't be a moron. Just because someone knew about something earlier, doesn't mean they had participated in it right then and there. I was CS major back in 2010 and our Cryptography teacher was super enthusiastic about it and so were a few of us students. But none of us students actively perticipated in it, even though we read and discussed the original white paper at length during that period.

  • He is Very Correct. The aging will HAVE to adapt.

  • Unregulated market they can pump and dump without any repercussions? why wouldn't they love it?

  • WeChain are still high 👍

  • God bless Dr. IGUDIA on EEpush who cured me of HSV-2 with his effective herbal medicine. indeed you are a God sent.

  • I like a crypto👍👍

  • Seem that french hate me.. what is the reason.. is that you hate me too Elon?

  • French speak french.. look like they against me . Why do not you check macron? Why must against me.

  • World peace? How can everyone throwing money into a pot to make it larger( that would also mean not selling to cash out) bring world peace?

  • I was wondering the whole time, whether the panelists know Hedera Hashgraph. Because if they did, they would already know that there is a working DLT solution outthere superior to blockchains, which addresses all of their concerns about base layer throughput, security and low energy usage - all at the same time. Plus it has a 100% certain finality in 5s and a technical and legal no-fork guarantee. Probably Hedera should use a dog meme to be caught by Elon's attention. :-)

  • Bitcoin now drop again, scamp !! INDONESIA out market☑️

  • Bitcoin now drop again, scamp !! INDONESIA out market☑️

  • Bitcoin now drop again, scamp !! INDONESIA out market☑️

  • They're either puppets for the trillionaire bankers or trying to overthrow them

  • People wanted crypto because they thought they could be less controlled by Rich control freak elites, or centralized power and eveeybody could have a shot at making money and less wealth gaps and have less control by others. NOT so that the 4 of you could be billionaire elites club and control everybody and take everybody's money. What is the point??

  • Peasants wana remove cast and royals so peasants can have a shot at changing their lives and set up democracy gov and capitalism creating opportunity for citizen to be as rich as royals based on hardwork and aptitude. .. Citizens wana remove Democratic gov due to being suppressed by democratic laws or elected offcials they dont agree with and wana be free from unjust systems . In form of tech public ledgar creating superior control freak billionaire panels that can manipulate market in 1 tweet or silence presidencies the new royals , that supresses people, demonitize people, cancels people and even silence people they dont agree with. Next normal aptitude people, non billionaores will remove these tech elites inevitably ....Sometimes removing plutocrats makes you the next controlling centralized targeted plutocrats and the pitchforks will keep on coming until... people think its fair and everyone is taken cared of.. not just the smarts or the elites... only way is.... charity.share your wealth or they will come after you for hoarding. With bitcoin half the value, wifh chaotic miami event with curses, with 25 billion out of stimulus went into bitcoin and artificially pumped, these 4 better know that crypto is not on its high horse. I suggest charity because most people on these panels are the centralized whale plutocrats and uses the B word, or billion word.and cathie stop lying about mythical targets for bitcoin or tesla.. If these elites wana survive they better stop being centralized control freaks or they are the next ones to be cancelled. If not already.

  • DOGECOIN=THE FUTURE

  • Now that Jack Dorsey recommended it, can I go short on bitcoin?

    • yes, he is, since 14 years, go ahead short bitcoin....

  • Lol im sure they all got together and thought they would be able to pump bitcoins price ,, but we don't want you guys in the community just trash billionaires trying to get richer .

    • @m o t i haha, look at this folks

    • oh look, an average joe illuminati. you are the one nobody wants in the community.

  • Elon Musk and Jack Dorsey just excactly described $Nano coin. Nano isn't known for the moment but it's the only instant, feeless, store of value and green crypto on the market.

    • @Cri cri cry baby shiller

    • @D S ignoramus

    • @Cri sock puppet

    • @D S What are your sources ? Lies again. That's the point you don't get, Nano doesn't require validators because of block latice technology. Inquire before saying anything. Nano is feeless and instant because of it's tech. and no other coins are eable to do it, this tech will blow everyone's mind when people will understand it.

    • lol you nano shills are some of the funnest sockpuppets on the internet.

  • Did jack dorsey say evil bankers? These people dont understand what's happening , in 2021 people see billionaires 'as the evil bankers or the evil hoarders or the centralized power' and the tech olagard as the centralized controller that they hate. Jack you are not 'trying' to replace the evil bankers or the centralized powers. In 2021 tech billionaires ARE the evil bankers, monopoly or centralized power to monopoly or silence or regulate people or havs whale effect and manipulate market. Thats why peopls hate jack and elon because they think jack ,elon , jeff and mark and tech billionaire ARE the new age evil bankers and centralized powers. You are it. YOU are the one holding the ring of mordor now, check in your pocket thats why people hate you and hackle you 🤦‍♀️

  • jack dorsey is the controller of speech. He's one of the biggest threats to national security.

  • Are these people actually sane?

  • If anyone believes these clowns support decentralized currencies are fucken dumb.. both jack and Elon depend on tax payer dollars which is centralized

  • Time for Jack to shave that stupid beard and nose ring.

  • Jacks eyes are pinned harder than a junkie's in the smack house

    • @What I learnt today hes probably familiar with that lifestyle.

    • @Mlukester You'd make a good cop. Just shine your torch in his eyes and then criminalise his bodies response.

    • @What I learnt today yep a sun room with an opiate fiend inside

    • It's a sun-room.

  • Try bringing back free speech Jack. Then we'll listen to you. Otherwise F off. Listen dude - we all KNOW you are just a front man - you and Enol - 2 frontmen doing what theyre told, working for the agenda. Who tells you what to censor Jack? The communist party?

  • We're living in the future dude

  • We're living in the future dude

    • @esketit low key it was a glitch i never typed it twice.

    • How many times you gonna comment thst lmao

    • pre-future

  • Delícia de barba, bear man

  • Forget Bitcoin! Hex is up 380,000% in 1.5 years!!

  • This man is the devil!

  • Jack is a technologist, not an economist. There's a reason why the USD was taken off the gold standard and that was after the great depression. When you peg money to a scarce commodity like BTC, all people will do is hoard, which will significantly slow down the economy and lead to another great depression. This time, maybe on a global scale. Just my 2 cents.

    • What so wrong with saving (hoarding as you call it) and not consuming? No one can save everything forever, you do have to eat, live etc. I think you're listening to too many "economists"

    • //, which will significantly slow down the economy and lead to another great depression. // you have no idea what you're talking about. Gold is also a scarce commodity and people hoarding gold for hundreds of years

    • Also if you trully have confidence in bitcoin value you wouldnt peg it to centralized usd. Or use it as a selling point that is pegged as if a coin's value is only secured or sellable if its pegged to a centralized fiat.

    • That's one story of why we went off a gold standard. Another is: gold had to be custodied at banks and so people exchanged notes that were supposedly redeemable for gold. Banks and governments eventually issued more debt/notes then there was backing it and the peg to gold was lost. I.E. - due to the trust required in institutions in the gold based system, those institutions eventually betrayed that trust and defaulted

    • Check out The Price of Tomorrow by Jeff Booth on a deflationary economy. Technology makes everything cheaper and almost free, just like this EEpush that you are on. It is okay for people to save (hoard) their efforts. Perhaps we'll start building things that last again instead of this throw away economy we have today. Everyone can benefit from an economy like that.

  • F*}k jack

  • Evil guy.