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Twitter’s Jack Dorsey Explains Why He Believes No Cryptocurrency Will Ever Beat Bitcoin

Twitter CEO Jack Dorsey continued his love-letter to Bitcoin on a recent episode of the Stephan Livera podcast, where he proclaimed that while there may be interesting ideas emerging from other coins in the crypto space, they can all eventually be integrated into Bitcoin if they’re good enough.

In what is beginning to feel like a press-junket, Dorsey has been talking up Bitcoin to the extreme in the past week, and he recently told Joe Rogan that he thought Bitcoin could become the native internet currency of the future – to much applause and fanfare.

However, not everyone is so keen on the idea as Dorsey, and his latest comments are likely to further fuel the competitive fire that’s raging between the disparate coins, tokens, and principles in the crypto space.

Jack Dorsey: Bitcoin ‘Feels Very Internet’

Echoing his own statements from the Joe Rogan Experience (video above), Dorsey explained to Stephan Livera that it’s the principles behind Bitcoin which appeal to him:

“It’s very principled, it has a strong point of view, and I love that it was put out there through pseudonymity, which just feels very internet to me.”

Dorsey also details his background as a member of the hacking community in St. Louis, Missouri – a “very internet” background. He continues:

“The whole thing just feels very native to internet ideals, and that appealed to be a lot. This thing that was ideated on the internet, and then created on the internet, released to it, and then continues to be developed throughout it.”

One thing Dorsey conveniently leaves out during this spiel (as he speaks alongside Lightning Labs CEO Elizabeth Stark) is that Bitcoin’s development broke out of the pseudonymous, meritocratic internet a long time ago.

No longer is Bitcoin’s development swayed by a decentralized band of coders and hackers, but rather by a for-profit company, named Blockstream. Blockstream, along with Lightning Labs, are the two main developers of t...

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