Twitter’s Jack Dorsey says the world would be better served by an autonomous open-source currency like bitcoin rather than centralized projects owned by companies.
No Chance of a ‘Twitter Cryptocurrency’
Speaking to The Sydney Morning Herald, the Twitter founder declared that he had no intention of creating a Twitter cryptocurrency. Commenting on the matter, Dorsey quipped:
I think open internet standards serve every person better than ones controlled or started by companies.
Back in June, Facebook released a white paper for its proposed Libra cryptocurrency project. Since then, authorities in several governments have expressed opposition to the plan.
Dorsey isn’t the only one wary of centralized digital currencies. As reported by Bitcoinist, there is some discontent among XRP holders following perceived dumping of the token by Ripple.
While there are calls to hard fork the blockchain, the company recently withdrew $130 million worth of XRP from escrow, further exacerbating the debate.
Ripple continues to engage in…