Elon Musk and Jack Dorsey are ready to talk about Bitcoin

According to a Twitter chat held today (June 26), two tech industry leaders are preparing to discuss Bitcoin.

Dorsey announces “The B-Word”

Twitter and Square CEO Jack Dorsey recently announced a Bitcoin conference called “The B Word”.

The B Word is a Bitcoin-focused initiative that aims to demystify the mainstream narratives of Bitcoin, explain how institutions can and should accept them, and raise awareness about areas of Bitcoin.

The #bitcoin Development community above all.

As more and more companies and institutions join the mix, we would all like to help protect and disseminate what matters #bitcoin open development so perfect.

This day focuses on education and action to do just that.https://t.co/5pxX1LIVVA

– latch (@ latch) June 24, 2021

“As more companies and organizations join the Bitcoin development community, we all want to protect and spread the open developments that make Bitcoin so perfect.

The conference will focus on education and action. “

Elon Musk replied to the conference name: “Bicurious? … exactly … Bitcoin haha”.

Dorsey: “You and me, let’s talk at the event. You can share all of your problems. “

Musk: “As for Bitcurious? Then let’s do it. “

Dorsey ended the conversation: “Finally! Will plan. “

According to the conference website, the event will take place on July 21st. In addition to Dorsey, Cathie Wood from ARK Invest, Adam Back from Blockstream and John Newbery from Brink will also perform at the event.

Musk has not yet been officially added to the event’s list of speakers.

Musk and Dorsey’s views on Bitcoin

Both Musk and Dorsey have pioneered the adoption of Bitcoin in the past. In addition, everyone stressed that Bitcoin needs to scale, both in terms of transaction throughput and energy consumption.

Dorsey has previously expressed interest in the Lightning Network, a Layer 2 billing system that processes transactions alongside Bitcoin’s mainnet. Square Crypto has invested in Lightning and several other tools in the Bitcoin ecosystem.

Meanwhile, Musk is concerned about Bitcoin’s energy consumption. He recently announced that Tesla will suspend payments in Bitcoin until the crypto mining industry makes a switch to sustainable energy. Square is also promoting greener bitcoin mining, but the problem seems to be a much bigger concern for Tesla.

Ultimately, both Elon Musk and Jack Dorsey share an important trait: They have invested heavily in crypto through their companies. Dorsey’s Square holds $ 259 million in bitcoin (8,027 BTC), while Musk’s Tesla holds $ 1.4 billion in bitcoin (42,092 BTC).

These similarities and differences will certainly bring Dorsey and Musk much up for discussion at the conference.

Teacher

According to crypto briefing

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page