Joe Rogan may have landed his biggest guest yet on his popular podcast, the Joe Rogan Experience: Jack Dorsey, the founder and CEO of Twitter and Square and an avowed Bitcoin bull. Joe Rogan Experience #1236 - Jack Dorsey https://www.youtube.com/watch?v=_mP9OmOFxc4 In a wide-ranging two hour…
Joe Rogan may have landed his biggest guest yet on his popular podcast, the Joe Rogan Experience: Jack Dorsey, the founder and CEO of Twitter and Square and an avowed Bitcoin bull.
In a wide-ranging two hour interview published Saturday, Jack addressed a number of topics, including questions about Twitter censorship, doxxing, “SmirkGate,” Donald Trump, Alex Jones, the nature of tech giants, the future of the Internet, and Bitcoin.
Here’s what Jack had to say:
“I believe the Internet will have a native currency and I don’t know if it’s Bitcoin. I think it will be [Bitcoin] given all the tests it has been through and the principles behind it, how it was created. It was something that was born on the Internet, was developed on the Internet, was tested on the Internet, [and] it is of the Internet.”
“The reason we enabled the purchasing of bitcoin within the Cash App is we wanted to learn about the technology and we wanted to put ourselves out there and take some risks.”
“We’re the first publicly traded company to actually offer it as a service. We’re the first publicly traded company to talk to the SEC about Bitcoin and what that means, and it made us uncomfortable. We had to really understand what was going on. And that was critical and important.”
“We would love to see something become a global currency. It enables more access. It allows us to serve more people. It allows us to move much faster around the world. We thought we were going to start with how you can use it transactionally, but we noticed that people were treating it more like an asset, like a virtual gold, and we wanted to just make that easy, just the simplest way to buy and sell bitcoin.”
“It had to come with constraint, because you know, three years ago, people did some really unhealthy things about purchasing bitcoin. They maxed out their credit cards and put all their life savings into bitcoin.”
“So we developed some very simple restrictions and constraints, like you can’t buy bitcoin on the Cash App with a credit card. It has to be the money you actually have in it. And we look for day trading which we discourage and shut down. That’s not what we’re trying to build. that’s not what we’re trying to optimize for.”
“We even made a children’s book explaining what Bitcoin is and where it came from and how people use it and where it might be going.”
“Look at some of the major banks and their consideration around bitcoin… There’s no centralized control over it. And I think that’s threatening.”
“It’s certainly threatening to certain services behind banks and financial institutions. It’s threatening to some governments as well. So I just look at this like how can we embrace this technology and not react to it more from a threat standpoint?”
“What does it enable us to do and where does our value shift? And that’s what we should be talking about right now: how our value shifts. And there is always really strong answers to that question, but if you’re not willing to ask that question in the first place you will become irrelevant, because technology will continue to march on and make you irrelevant.”
“And it’s the people that are growing up with this technology, are born with that technology, only knowing that technology, or they’re asking the tough questions of themselves that are going to be super relevant to their business. And they’re thinking about it right now, and they’re taking actions.”
Joe Rogan, a mixed martial arts commentator and standup comedian, is also a big proponent of Bitcoin as a global currency and has addressed cryptocurrency on several podcasts, including having notable cryptocurrency author and speaker, Andreas Antonopoulos on the podcast a number of times.
(Here’s the most recent, from two years ago, so they’re about due for another chat.)
Jack Dorsey Image from Joe Rogan Experience/YouTube
Last modified: May 20, 2020 12:48 PM UTC