In an interview with “21 and 21”, Jach Dorsi from Block and former Twitter President-that the growing popularity of BTC among major financial institutions may threaten open morals that led to the largest encrypted in the world.
“It may harm it a little,” Dorsi said when asked about the institutional investment in Bitcoin. However, he acknowledged that participation is widely inevitable, adding: “I think it is clear that we will see more of them, and I hope that more people will take the principles of what made Bitcoin successful in the first place.”
Speaking about the emergence of institutional giants such as Blackrock, Dorie stressed on the ground without Bitcoin permission: “To be able to work on the money transfer protocol is completely open […] This has turned this Blackrock or these main institutions that we have done in the past – and now they have to turn their attention to it – however they still do not need their permission to build on it […] Where can you find it? “
Why can bitcoin be in danger
Dorssi’s comments came during a conversation This has spanned everything from his early interest in “The Old CypherPUNKS” to the project of projects that he built to enhance the basic infrastructure. Highlighting the continuous work on the “open source mining platform and slices of slices”, as well as Bitkey, subjective portfolio, and Block of BTC integration in the cash application.
One of the main concerns of Dorie is that bitcoin may end up if he focuses very narrowly on working as a value store. “I think it fails by lack of success – like that he failed to be related to people on a daily basis,” he said. According to him, ensuring the wide use of payments is the key to making BTC indispensable.
“If it ends with the storage of value and nothing more, I do not think it is gaining importance at all. I think it should be payments to be relevant every day,” Dorsi said.
However, Dormyy from Bitcoin’s lawyer, however, is believed that only focus on the Lightning Network – a leading solution in layer 2 – can reduce the development of BTC. He said, “I think we can do better than lightning,” explaining that although lightning is “not bad”, it is just one option. “I don’t think we just want to settle with the presence of one layer 2,” I make it clear, focusing on that Bitcoin benefits more than experimenting in payments and other applications.
Dorsi has constantly returned to the importance of open source development, and urged companies to fund Bitcoin Core and other projects that society drives without controlling. “The presence of a kind of ability to grant open source developers is important,” he said, as initiatives such as a vortex-division focus on BTC-with independent grant programs such as BRINK and OpenSats.
He also mentioned the emerging role of artificial intelligence and its interaction with BTC, imagining future as agents can handle smoothly on behalf of users. “The whole thing is related to those who require permission from,” he said. “Development is going faster if you have to request less permission.”
The preparation for the interview, Presidio Bitcoin, emphasizes the belief of Dorssi to collect real societies together to enhance deeper participation. “I think this is great because it is a bridge between the Silicon Valley and all the energy there, and bitcoin,” he pointed out, highlighting the need for material spaces where ideas can grow in concrete projects.
It is easier to build wallets to enhance nature without bitcoin permission, Dorsi sees a lot of work in the future. When asked about one belief that he would leave with the new arrivals, he insisted that no one should rely on the word of one person – including – before diving in space: “Don’t listen to the thinking of anyone in Bitcoin,” he said. “What makes Bitcoin unique is that without permission. You don’t need anyone’s permission to build what you want to see.”
At the time of the press, BTC was traded at $ 83,523.
Distinctive image from YouTube, Chart from TradingView.com
Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.
