Bitcoin threatened with institutional capture, warns Jacek Dorsey

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In an interview with Haley Berkoe with “21 and 21” with Haley Berkoe in the Presidio Bitcoin work space in San Francisco, Jack Dorsey-Coo Block and former head of Twitter-organized that the growing popularity of BTC among the main financial institutions may threaten the open ethos that caused the greatest world-glimer kryptocurone.

“It probably is a bit harmful,” said Dorse, when asked about institutional investments in Bitcoin. He admitted, however, that a vast -scale involvement is practically inevitable, adding: “I think it is obvious that we will see more, and I hope that more people adopt the rules of what Bitcoin was successful.”

Speaking of the appearance of institutional giants, such as Blackrock, Dorsey emphasized without a permission for Bitcoins: “To be able to work on a monetary transmission protocol, which is completely open […] This has converted such as Blackrock or the main institutions with which we wondered in the past – and now they have to pay attention to it – and yet you still do not need their consent to build it […] Where else can you find it? “

Why Bitcoin can be threatened

Dorse’s comments appeared during conversation This covered everything from his early interest in “old Cypherpunkt” to a block of projects to strengthen the basic infrastructure. He emphasized the current work on the “Mining Platform and the Open Source chipset”, as well as Bitkey, the self -service portfolio and BTC integration with BTC with the cash application.

One of Dorsey’s main problems is that Bitcoin can end aside if it focuses too narrowly on duty as a value warehouse. “I think it is not possible that this is not intended to be important every day for people,” he noted. According to him, ensuring universal application in payments is the key to making BTC necessary.

“If it is simply a magazine of values ​​and nothing more, I do not think that it gets important at all. I think it must be payments to make it relevant every day,” Dorse said, warning that otherwise Bitcoin risks “just without showing up in the life of people” and slip into the reach.

The well -known supporter of Bitcoin, Dorse, however, believes that focusing exclusively on the Lightning network – the leading solution of layer 2 may reduce BTC evolution. “I think we can do better than lightning,” he said, explaining that although lightning “is not bad” is just one option. “I don’t think we just want to deal with having one layer 2,” he explained, emphasizing that Bitcoin uses the most experiments in payments and other applications.

Dorsey consistently returned to the importance of Open Source development, calling for companies to finance Bitcoin Core and other community -based projects without control. “It is important to provide some kind of ability to open source programmers,” he said, praising initiatives such as Spiral-Block Block-oriented BTC-Z for independent subsidy programs, such as Brink and Opensats.

He also mentioned the emerging role of artificial intelligence and its mutual dependence on BTC, imagining the future in which agents can easily conduct transactions on behalf of users. “It’s about who you ask for permission,” he said. “Development goes faster if you have to ask for a smaller permit.”

President Bitcoin, Presidio Bitcoin, emphasizes Dorsey’s faith in joining the real communities to support deeper commitment. “I think it’s great because it is a bridge between the Silicon Valley and all energy at the bottom and bitcoins,” he noted, emphasizing the need for physical spaces in which ideas can sprout material projects.

From building more available portfolios to strengthening without the consent of Bitcoin, Dorsey sees a lot of work. Asked what thought, what would go away with the novices, he insisted that nobody would rely on the word of one person – including – before diving in space: “Do not listen to anyone’s lonely thought about Bitcoin,” he said. “What makes Bitcoin unique without permission. You don’t need any consent to build what you want to see.”

During the BTC press it traded at USD 83,523.

Bitcoin price
BTC rejected on the central channel line, 1-day chart | Source: Btcusdt at tradingview.com

A highlighted image from YouTube, chart from tradingview.com

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