Former Twitter CEO Explains Why He Trusts Bitcoin More Than Ethereum
Jack Dorsey, co-founder and former CEO of Twitter, as well as co-founder, chairman, and CEO of Block, has explained why he has more trust in Bitcoin than Ethereum, despite the latter’s rapid evolution.
His remarks regarding these top two crypto assets came during an interview with Michael J. Saylor, Co-Founder, Chairman, and CEO of Nasdaq-listed business analytics firm MicroStrategy Inc. (NASDAQ: MSTR), during the keynote address at MicroStrategy’s two-day “Bitcoin for Corporations” event (February 1-2, 2022).
According to a post published yesterday by The Daily Hodl, the following are some highlights from Dorsey’s remarks regarding Bitcoin and Ethereum:
“It’s calculated and predictable. Bitcoin is often compared to Ethereum in terms of development pace, particularly in the mainstream technology media. Ethereum moves at a breakneck pace in contrast, but the issue is what the eventual effect of those movements will be. “Bitcoin is very selective about what it accepts and what it rejects…
It’s slower, but slower things tend to endure longer and are far more predictable in terms of direction. They are often far more secure. They often have a far higher uptime and usability rating than anything else.
“That is not to suggest that there aren’t a plethora of fantastic ideas floating about in the sandbox and occurring in all of these other initiatives. There are excellent sandboxes for rapidly testing ideas, but it is this deliberateness that makes Bitcoin, to me, the potential internet’s currency and instils such confidence in me as a business owner, as someone running one of these companies, that it will stick around and serve billions of people for decades to come.”