Jack Dorsey hopes bitcoin can bring about world peace

Jack Dorsey hopes bitcoin can bring about world peace

Twitter and Square CEO Jack Dorsey has long been a bitcoin enthusiast. In fact, he's so optimistic about the cryptocurrency, he reckons it could bring about a more peaceful planet. The billionaire suggested bitcoin could help address financial inequalities and allow humanity to concentrate on bigger issues. “My hope is that it creates world peace or helps create world peace,” Dorsey said. “We have all these monopolies off balance and the individual doesn’t have power and the amount of cost and distraction that comes from our monetary system today is real and it takes away attention from the bigger problems.” “All these distractions that we have to deal with on a daily basis take away from those bigger goals that affect every single person on this planet and increasingly so," he said, as CNBC notes. "You fix that foundational level and everything above it improves in such a dramatic way. It’s going to be long-term but my hope is definitely peace." He made the comments during a panel called "bitcoin as a tool for economic empowerment" at a virtual conference …
More on: www.engadget.com