In a recent interview, Jack Dorsey, who is the co-founder and former CEO of Twitter, as well as the co-founder, chairman and CEO of Block (formerly known as Square), explains why he has more faith in Bitcoin than Ethereum, even though the latter evolves faster.
His comments about these top two cryptoassets were made while he was being interviewed by Michael J. Saylor, Co-Founder, Chairman, and CEO of Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR) for the keynote at MicroStrategy two-day “Bitcoin for Corporations” event (February 1-2, 2022).
According to a report by The Daily Hodl published yesterday, here are some highlights from Dorsey’s comments about Bitcoin and Ethereum:
“It’s deliberate and it’s predictable. Bitcoin gets a lot of knocks, especially in the technology mainstream media, versus Ethereum in terms of speed of development. Ethereum moves very, very fast in comparison, but it’s a question of what is the ultimate outcome of those moves.
“Bitcoin is very deliberate about what goes in and what stays out…It’s slower, but slower things tend to last and they tend to be a whole lot more predictable in terms of the direction they’re going. They tend to be a lot more secure. They tend to have far better uptime and usability than anything else.
“That’s not to say that there’s not a ton of great ideas in the sandbox everywhere and happening in all of these other projects. There are great sandboxes that will test ideas very quickly, but that deliberateness is what makes Bitcoin, to me, the potential internet’s currency and gives so much confidence, as a business owner, as someone running one of these companies, that it’s going to stick around and it’s going to serve billions of people throughout decades going forward.“
Disclaimer
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
