Citadel Dispatch CD150: JACK DORSEY
9 snips
Jan 22, 2025 Jack Dorsey, founder of X (formerly Twitter) and Block, dives deep into his passion for Bitcoin and Nostr. He discusses the challenges Bitcoin faces and its potential as a transformative technology. Dorsey celebrates Ross Ulbricht's recent pardon after 12 years for a nonviolent crime, reflecting on justice and freedom. He also explores Nostr's decentralized nature as a social media protocol, emphasizing user empowerment and the fight against censorship. More than just tech talk, it's a vision for a freer digital future.
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Bitcoin's Appeal
- Jack Dorsey's interest in Bitcoin stemmed from his background in open protocols and cypherpunk culture.
- Early struggles with Square's dependence on permissioned financial systems solidified his belief in Bitcoin's potential.
Bitcoin's Challenges
- Jack Dorsey views distractions like ETFs, corporate ownership, and meme coins as challenges to Bitcoin's relevance.
- He emphasizes the importance of focusing on Bitcoin's utility as a daily currency to prevent it from becoming just another digital gold or meme coin.
ETFs: A Double-Edged Sword
- Jack Dorsey sees ETFs as a potential distraction, hindering Bitcoin's adoption as a daily currency.
- He acknowledges their role in meeting people where they are but stresses the importance of self-custody and deeper engagement with Bitcoin's principles.