Jack Dorsey says every Twitter account should be linked to a Bitcoin Lightning Wallet ๐จ This article is 3 years old...
Jack Dorsey says every Twitter account should be linked to a Bitcoin Lightning Wallet
Dorsey pokes fun at the idea of Twitter supporting the Ethereum ecosystem by implementing NFT functionality.
2 min read
Updated: May. 25, 2023 at 2:14 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Twitter boss Jack Dorsey said every account on his social media platform should link to a Bitcoin Lightning Wallet. But he stopped short of confirming this will happen anytime soon.
Agreed.
Every account on Twitter being able to link to a Lightning wallet howeverโฆ
— jackโก๏ธ (@jack) August 12, 2021
The comment was a tongue-in-cheek response to the suggestion that Twitter should incorporate NFT wallet functionality.
Anyone following the space is aware that, despite using the Ethereum ecosystem for NFT sales recently, Dorsey is a dedicated believer in Bitcoin only.
NFTs & Twitter
Dorsey’s reply was in response to a call by Brandon Jacoby, the Head of Product Design at Party Round and former Designer at Cash App, to include NFT wallet functionality for every Twitter account.
Jacoby said Twitter should have a wallet address to store NFTs; adding the NFT could serve as the user’s avatar. However, the main selling point, according to Jacoby, would be in promoting the NFT space.
“Every account on Twitter should have a wallet address for storing NFTs.
Users could select any NFT in their wallet to use as their avatar.
Would serve as one of the biggest verified layers for showcase/distribution.”
In turn, this comment was picked up by @seyitaylor, who responded by saying such functionality would benefit the Ethereum Network more than it would Twitter. Implying, there’s no incentive for Twitter to implement this. More so in terms of how such functionality would be at the expense of Bitcoin adoption.
“this is one thing that feels like would benefit the eth ecosystem way more than it benefits twitter.”
Dorsey is a staunch Bitcoin maximalist
Twisting the original tweet that kicked off the thread, Dorsey agreed to Jacoby’s call, but only in respect to linking a Bitcoin Lightning Wallet.
In March, Dorsey sold an NFT of his first tweet for a cool $2.9 million. The tweet read “just setting up my twttr,” and was first posted on March 21, 2006.
Dorsey said the sale proceeds would be converted into Bitcoin and donated to GiveDirectly, a charity that supports people living in poverty.
Following on from this, the end of June saw Twitter release 140 free NFTs, which were mostly moving images of the company’s logo.
Commenting on this, developer @packanimalETH said it was only a matter of time before Dorsey personally invests in Ethereum.
Iโve talked shit about @jack being a maxi in the past but I think ever since following @udiWertheimer and @jebus911 heโs looking into more. Only a matter of time before he buys in to $eth https://t.co/8IXMaB9y3I
— packanimal.ฮ ?? (@packanimalETH) June 30, 2021
The Twitter boss has shown himself to be a loyal Bitcoin maximalist. As in someone who believes only in Bitcoin over and above any other token. Even despite the lack of functionality the number one crypto offers.
Responding to @packanimalETH, Dorsey gave a concise reply of “no.”
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Samuel Wan
Samuel Wan, a finance professional turned full-time crypto content creator, values individual autonomy and personal freedom in his pursuits.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Jack Patrick Dorsey, born on November 19, 1976, is a testament to the American dream of innovation and entrepreneurship.