Jack Dorsey is speaking at a tech conference.
David Becker.
Jack said that he thinks the US dollar will be replaced by the digital currency.
The rapper asked if people believed virtual assets would replace the world's reserve currency.
Jack is on the social media site, via the Twitter account.
At last check, the account had drawn more than 37,000 likes and 5,300 comments. The popular financial meme account @liquidity said that the yuan will replace the dollar.
The criticism, applause, and straightforward requests for more details were met with by Dorsey.
The "weird as hell" community behind the criptocurrency is what inspired the passion for the asset for Dorsey. His recent departure from the CEO role at Twitter is seen as linked to his ambitions around the virtual currency.
Block, which changed its name from Square, has a big focus on cryptocurrencies. The new division, called TBD, has been on a hiring spree and already has half-a-million followers on social media.
TheSquare said it was building a hardware wallet and software service to make it more mainstream. The company wants the native currency of the internet to be bitcoin.
If the project ran into difficulties, he would leave one or both of the CEO roles.
I would be working on the digital currency if I weren't at Square. He said that he would leave Square and Twitter forbitcoin if it needed more help. He says it's the most important thing to work on in his lifetime.
On Monday, Dorsey voiced his disapproval of venture capital influence on Web3 and the next generation of the internet. Web3 is seen as a form of the internet that will give users more control over the internet, and will end up stripping power from big corporations.
The idea of users owning Web3 was rejected by Dorsey. He said that the internet is in the hands of venture capitalists.
The successor to Web2 seems to be the only criticism. Wall Street can't and never will be able to control the leading criptocurrency, according to Dorsey.
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