Sunday, October 2

“Bitcoin Will Replace the Dollar”: Possibility or Delusion? By CoinTelegraph

© Reuters. “Bitcoin Will Replace the Dollar”: Possibility or Delusion?

Jack Dorsey is retiring from Twitter (NYSE 🙂 to do other things. Apparently, from now on, he will focus all his efforts on strengthening the payments platform, Square (NYSE :). Twitter is a very influential place. But, financially, it is not the most profitable company in the world. A lot of noise, a lot of politics, a lot of discussions. However, not many sales. Everything seems to indicate that Dorsey has decided to follow the money. In fact, she is a huge fan of. He has even said that Bitcoin will replace the dollar. Let’s talk about the possible collapse of the dollar.

The “Californian ideology” is practically the official creed of Silicon Valley. Its influence, throughout the Internet, is evident. But he is not the only force in the game. Californian ideology? It is a mix of several elements: libertarian thinking, technological idolatry, and countercultural leanings. What we have is a free market fundamentalism where the state is replaced by technology. In this context, technology is always a force for good. That is, do not trust God, do not trust the Government, the banks, or others. But you can trust the code. It is the utopia of the algorithm.

Read on: The Analyst Problem: Why Did The Predictions Fail?

Read the full article on Cointelegraph

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