Jack Dorsey hopes Bitcoin can bring world peace

Twitter with square CEO Jack Dorsey (Jack Dorsey) has long been In fact, he is very optimistic about cryptocurrency, and he believes it can bring about a more peaceful planet. The billionaire suggested that Bitcoin can help solve financial inequality and allow humans to focus on bigger problems.

“I hope it creates world peace or helps create world peace,” Dorsey said. “All of our monopolies are out of balance. Individuals have no power. The costs and interference brought by our monetary system today are real. It will distract people from larger issues.”

He said: “All these distracting things that we have to deal with every day will affect those larger goals that affect everyone on the planet, and the impact is getting bigger and bigger.” notes. “You fixed that basic level, and everything on it has been improved in such a dramatic way. It will be long-term, but my hope is definitely peace.”

He was in a name In a virtual event called The B Word.Tesla CEO and Elon Musk and Cathie Wood, CEO of Square shareholder ARK Invest, also participated in the discussion.

Dorsey He believes that Bitcoin will become the “single currency” of the planet within ten years. Earlier this month, Make a Bitcoin hardware wallet. Dorsey also said last week that the company is building a “decentralized financial services” business that aims to replicate currency systems such as banks and exchanges with cryptocurrency.

There are many barriers between the current state of encryption and its potential to lead to world peace, such as unreliable Internet access in many areas.Considering that the power consumption required for Bitcoin mining and processing transactions is also inconsistent with Dorsey’s vision The environmental impact of many cryptocurrencies.

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