With all the rage about cryptocurrency, particularly Bitcoin, it is no wonder that more and more people believe in its potential. And for Twitter CEO Jack Dorsey, Bitcoin could soon become the only currency the world will ever use.
During his interview with The Times on Wednesday, Dorsey said he believes the cryptocurrency will become the primary currency used globally for payments. He envisions this to happen in 10 years but he believes the transition could happen sooner than that.
Twitter CEO Jack Dorsey is a bitcoin investor himself.
He is also the CEO of Square, a financial service and mobile payment company.
Dorsey believes bitcoin will take over world finance in 10 years or less.
The 41-year-old Internet entrepreneur, in his interview, was quoted as saying:
“The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin.”
Dorsey admitted that Bitcoin is not that effective as a currency at the moment. But he aims to fix problems found in the cryptocurrency, such as slow processing times and variable processing fees. The computer programmer also believes that there will be new solutions to address these problems.
“As more and more people have it, those things go away. There are newer technologies that build off of blockchain and make it more approachable.”
The way it stands today, however, Bitcoin is not considered a currency by U.S. regulators. For some investors of cryptocurrency, like businessman Mark Cuban, Bitcoin is more of a collectible. Others, like Goldman Sachs head of Global Investment Research Steve Strongin, believe that while digital currencies have a potential to stay longer, Bitcoin won’t be one of them.
Strongin said in February:
“Ultimately, I think new cryptocurrencies will emerge but of course time will tell.”
The 7 Best Dash Cams to Buy for Your Car in 2018
Are you in the market for dash cams? This list should help you out!
Unlike in the past, it now makes total sense to install a dash cam in your car. With all the acts of stupidity – some are even unbelievable, so to speak – on the road, keeping a visual record is only practical and necessary. As the name suggests, this device serves as video evidence of traffic accidents and can really help you big time especially in court.
With the ever-increasing popularity of dash cams, keeping track of what is best seems difficult. But worry no more – Elite Readers has compiled a list of best dash cameras in 2018. Not only will you learn the best ones, you will also know which are affordable and of good value.
#1. BlackVue DR750S 2CH
Futuristic Tire Concepts Designed to Revolutionize the Future of Mobility
These visionary tire concepts are designed to make mobility safer and more efficient.
Whether you are into cars or not, you know so well the importance of tires. Not only do they help you keep safe on the road, they guarantee you a smooth transportation. With technology’s never-ending advancement, it is no surprise that tires are now more capable than ever.
A video featuring different kinds of concept tires is making rounds on the internet. And judging by their looks, they could really change the future of mobility. With how cool and innovative they are, there is no reason for motorists to never desire them.
These concept tires will definitely revolutionize the future of mobility.
‘Mark My Words: A.I. is Far More Dangerous than Nukes’ – Elon Musk
There is great reason to be concerned, according to the tech genius.
Elon Musk, big boss of Tesla and SpaceX, has made a serious warning about artificial intelligence. According to him, AI is a bigger threat to humankind than nuclear weapons.
He recently made the comments while speaking at a Southwest tech conference in Austin, Texas. He further suggested that there should be a regulatory body that will oversee the development of super intelligence – before it’s too late.