Twitter CEO Jack Dorsey has grow to be the unlikely hero of Bitcoin social media after he joined the Lightning Network and mentioned he would by no means personal any altcoins.
Jack Dorsey Joins Lightning Network
In a tweet February 6, Dorsey confirmed his participation within the Lightning Network’s Torch initiative, a relay transaction began by a neighborhood member final month.
Regular commentator Matt Odell invited Dorsey to ship him an bill by way of Lightning, which in flip would internet him the transaction. Dorsey obliged, main to a flurry of excited tweets from well-known figures.
“This will become one of the most historic tweets by (Dorsey),” Armin van Bitcoin replied. And so, we start the period of #BitcoinTwitter.”
Cool instance of #BitcoinTwitter experimenting on the Lightning Network.
— jack (@jack) February 5, 2019
As Bitcoinist reported, Lightning Torch goals to produce higher consciousness of the advantages Lightning holds for Bitcoin customers. Since its debut over a 12 months in the past, the expertise, which permits Bitcoin transactions which happen nearly immediately for hardly any price, has seen a 12 months of frantic improvement.
In January, the overall obtainable capability passed 600 BTC for the primary time, and at press time had expanded additional to 646 BTC ($2.2 million).
‘No’ and ‘Hell Not’ to Anything Except Bitcoin
Dorsey in the meantime didn’t cease at Lightning advocacy. In another tweet, he publicly claimed he wouldn’t select to personal some other cryptocurrency besides Bitcoin, and in addition weighed in on confusion over the distinction between Bitcoin and Bitcoin Cash (BCH).
Bitcoin Cash, proponents of which management the @Bitcoin Twitter deal with, had launched a message complaining about Bitcoin’s future excessive charges across the time of Dorsey’s endorsement.
“Bitcoin is resilient. Bitcoin is principled. Bitcoin is native to internet ideals. And it’s a great brand,” he explained.
Jack ‘Loves’ Idea of Tipping in Satoshis on Twitter
Previously, the Twitter CEO had mentioned on a number of events in public boards that he foresaw Bitcoin changing into the “native currency” of the web. The perspective has appeared to distinction with Twitter’s coverage, which features a ban on all cryptocurrency-related promoting.
However, Dorsey has now said he “loves the idea” of microtips on Twitter bettering the standard of content material. Such a tipping service already exists, and was the truth is the supply of Lightning Torch.
Love the concept https://t.co/kTB3wgKBdH
— jack (@jack) February 6, 2019
What’s extra, Dorsey has scheduled an interview with Lightning community developer and Lightning labs cofounder, Elizabeth Stark, together with podcast host Stephan Livera for this Saturday 1PM (PT).
His different mission, Bitcoin-friendly fee community Square, may also grow to be a full Bitcoin pockets in future, he added.
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Images courtesy of Shutterstock, Twitter