Jack Dorsey, the founder and CEO of Block Inc. has showered new accolades on Bitcoin (BTC) and its potentials in global monetary systems.
Bitcoin Over USD’s Lack of Freedom
The major tech innovator described Bitcoin as permissionless freedom money. Much more, Dorsey lauded Bitcoin’s capacity to either complement or overthrow the United States Dollar (USD).
talking about being permission-less. live from italy. starts soon. https://t.co/pf1Xkahl1p
— jack (@jack) June 22, 2024
Currently, the USD controls a significant part of the global market, a position that member countries of the BRICS Group are trying to contend. Unlike Bitcoin, the use of the USD requires the permission of the government and the bank.
Therefore, the government is armed to control the transaction that each person can perform. Dorsey acknowledged that the lack of freedom that comes with giving the government authority, gives a form of control against scams, attacks and other criminal activities. However, this
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