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Twitter's CEO, Jack Dorsey, has become the unlikely hero of Bitcoin social media after joining the Lightning Network and announcing that he would never have anycoincoins.
Jack Dorsey joins the Lightning Network
In a February 6 tweet, Dorsey confirmed his participation in the Lightning Network's Torch initiative, a community-based relay transaction initiated last month.
The usual commentator, Matt Odell, invited Dorsey to send him an invoice via Lightning, which would allow him to complete the transaction. Dorsey obliged, leading to a flurry of excited tweets from well-known personalities.
"This will become one of the most historical tweets of (Dorsey)," Armin van Bitcoin responded. And so, we start the era of #BitcoinTwitter. "
Cool example of #BitcoinTwitter experiment on the Lightning network.
?
Torch received, now going to @ starkness! #LNtrustchain https://t.co/YVMAv62fCN– jack (@jack) February 5, 2019
As Bitcoinist Lightning Torch aims to raise awareness of the benefits of Lightning for Bitcoin users. Since its inception more than a year ago, the technology, which allows Bitcoin transactions that are almost instantly free of charge, has seen a year of unbridled development.
In January, the total available capacity had exceeded 600 BTC for the first time and, at the present time, had further increased to 646 BTC ($ 2.2 million).
"No" and "Hell not" except Bitcoin
Dorsey did not stop at Lightning's plea. In another tweet, he has stated publicly that he would not choose to own another cryptocurrency, with the exception of Bitcoin, and weighed in confusion about the difference between Bitcoin and Bitcoin Cash (BCH).
Bitcoin Cash, whose followers control Twitter's @Bitcoin account, posted a message complaining about the high fees charged by Bitcoin at the time of Dorsey's approval.
"Bitcoin is resilient. Bitcoin is based on principles. Bitcoin is native to the ideals of the Internet. And it's an excellent brand, "he said. has explained.
Jack 'Loves', the idea of tipping Satoshis on Twitter
Previously, the CEO of Twitter had repeatedly stated on public forums that he foresaw that Bitcoin would become the "local currency" of the Internet. The point of view seems to contrast with the policy of Twitter, which provides for the prohibition of all advertising related to cryptocurrency.
However, Dorsey has now m said he "loves the idea" of microtips on Twitter improving the quality of the content. Such a failover service already exists and was in fact the source of Lightning Torch.
Love the idea https://t.co/kTB3wgKBdH
– jack (@jack) February 6, 2019
In addition, Dorsey has planned an interview with Elizabeth Stark, Lightning network developer and co-founder of Lightning Labs, and podcast moderator Stephan Livera this Saturday 1pm (Pacific time)
Its other project, Square, a user-friendly payment network for Bitcoins, will also become a complete Bitcoin portfolio in the future. added.
What do you think of Jack Dorsey's Bitcoin advocacy? Let us know in the comments below!
Images courtesy of Shutterstock, Twitter
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