Elon Musk Source: https://www.nytimes.com/2021/01/29/business/elon-musk-gamestop-twitter.html
Jack Dorsey Source: https://www.bloomberg.com/news/articles/2021-06-04/jack-dorsey-says-square-may-build-a-bitcoin-hardware-wallet
Jack Dorsey, CEO of financial payments company Square and co-founder and CEO of popular social media Twitter, has pushed Elon Musk while joking over Bitcoin (BTC) via Twitter to join him in the BTC adoption event The ₿ Word.
The ₿ Word
The ₿ Word is a BTC-focused event that looks at exposing and explaining popular negative stigmas of BTC that are false. It also gives out guidance to institutions on how they should establish BTC into their system and spot weaknesses within the BTC blockchain that require changing.
The two issues of BTC that The ₿ Word address are plausibly the most significant to BTC, the main anchors pulling down BTC.
BTC often than not is set as the face of cryptocurrency by the public, seeing it as a corrupted and criminal currency that would flow through to the entire crypto market. This is not true. Although BTC does have criminal potentials, particularly with money laundering, the other massive spectrum of uses it has completely outweigh its drawbacks that the public would not know. Such benefits include the decentralisation of BTC, and so the reliability of BTC with no centralised party to control the distribution of the token that prevents inflation and corruption. The ₿ Word is likely to address such a negative stigma on BTC, and hopefully that with reaching the public, it is viewed with optimism and sets BTC forward as a future currency.
The BTC blockchain is the first of its kind in the crypto world, creating this world's beginning to come out to the top. BTC technology has aged over time, its system gradually clogging up as more transactions need to become processed in shorter times due to the increasing demand for BTC. With the development of BTC opens out to the community, it is important that people and institutions speak out on how to improve BTC to make it a better currency, more suitable for worldwide use. This is the other aim that The ₿ Word looks at raising, a great benefit by making more businesses involved in the innovational currency set to take their transactions.
The ₿ Word is set to launch on the 21st of July, 2021, which is roughly a month from now. From its release date, a live experience and range of content will be released for the investor community, containing valuable information on the discussion of BTC and its contribution to the world. A registration page is currently set up for The ₿ Word, which can be visited here: https://www.thebword.org/c/the-b-word-rsvp.
The ₿ Word is expecting many famous voices to run the event, The ₿ Word website mentioning the following:
- Cathie Wood - Founder, CEO and CIO of ARK Invest
- Jack Dorsey - CEO of Square, Inc.
- Adam Back - Co-Founder and CEO of Blockstream
- Michael Morell - Senior Counselor of Beacon Global Strategies, Former Acting and Deputy Director of the Central Intelligence Agency
- John Newbery - Director of Brink
The ₿ Word website can be visited here: https://www.thebword.org/c/the-b-word.
The BTC Twitter Dual: Dorsey Vs Musk
Elon Musk has remained quiet over the past few weeks on crypto, the market over this time becoming first stable, then crashing for some time, currently continuing, though has appeared to have slowed down today.
Today Elon Musk tweeted a classic joke of 'How many __________ does it take to screw in a lightbulb?,' taking a direct hit to BTC maxis. BTC maxis is short for Bitcoin Maximalists, which are people that believe that BTC is the only digital asset that the future needs, all other digital currencies irrelevant in their perspective to BTC, including other altcoins like Ethereum (ETH) and centralised e-payment systems like PayPal. The tweet is shown below and can be visited here:
.https://twitter.com/elonmusk/status/1408246196603346947
- elonmusk
Soon following the question of the joke was the answer from Elon Musk within the thread: “That’s not funny!” – Bitcoin maxis. This is assumed to be referring to the negative stigma from some crypto communities on Elon Musk's tweets and comments on BTC, most of the time joking around BTC that catalyses a negative trend. The comment is shown below and can be visited here:
.https://twitter.com/elonmusk/status/1408246534093918210
- elonmusk
Earlier today, Dorsey tweeted out The ₿ Word event. He briefed out on what it is, its focus, and also provided the link to The ₿ Word's website detailing the event.
Sometime around Elon Musk's tweets out his lightbulb joke, Elon Musk replies with 'Bicurious?.' This is believed to be a typo for 'Bitcurious' since the term is used later in the thread of the dual between Dorset and Musk. It would be a colloquial term joining 'Bit' from 'Bitcoin' and adding it to 'curious' to mean curiosity relating to BTC.
Dorsey soon replied to Musk's message, directly confronting Musk and pushing him to 'have a conversation at the event.' Dorsey also points out that Musk 'can share all your curiosities...'. The ellipse at the end is most likely a reference to the notoriety of Elon Musk regarding BTC. Elon Musk acts surprised and laughs at the reply from Dorsey, using 'Lmfao' and 'omg.'
Dorsey responds again to Elon Musk, not losing his serious demeanour. He commands 'Let's have THE talk.' Hours later Elon Musk comes back to the thread and Dorsey's message, accepting Dorsey's command with a humorous touch to it.
The conversation between Dorsey and Elon Musk leading to Elon Musk becoming persuaded to visit The ₿ Word is shown below and can be visited here:
.https://twitter.com/elonmusk/status/1408348996532383744
- elonmusk
Further Reading
CoinGape - Just-In: Elon Musk Accepts Jack Dorsey’s Invite to Discuss Bitcoin Adoption - https://coingape.com/just-in-elon-musk-accepts-jack-dorseys-invite-to-discuss-bitcoin-adoption/
CryptoPotato - Elon Musk Teases Bitcoin Maximilsts Once Again - https://cryptopotato.com/elon-musk-teases-bitcoin-maximilsts-once-again/
CryptoDaily - Cathie Wood, Jack Dorsey And Paradigm To Launch Event To Explain Bitcoin Benefits To Institutions - https://cryptodaily.co.uk/2021/06/Cathie-Wood-Jack-Dorsey-launch-event-to-explain-Bitcoin
Wikipedia - Elon Musk - https://en.wikipedia.org/wiki/Elon_Musk
Wikipedia - Jack Dorsey - https://en.wikipedia.org/wiki/Jack_Dorsey