Learn & Earn – Binance offers a program for knowledge-thirsty users where they can learn about blockchain and on successful completion of quizzes they get a chance to win cryptos. And I think they’ll get a little reality check there. So can you talk about – for people who like in Nigeria or Sudan who are going to need micropayments, who are going to want to send $5 or $10, can you talk a little bit about your commitment at Square to Lightning, how you understood how Bitcoin will scale in layers perhaps instead of on the main chain, and why you are so committed to Lighting in a time where we are going to get a lot more users? It’s coming. This vision to stream money to people that you care about, in a way that the government cannot stop, I know that’s what Laura wants, and that’s what you all want where you are upset with Twitter.
It’s through Bitcoin. I just want to underline why I think Jack is so persistent in this. Well guess what, it’s coming, and nobody can stop it. Maybe you’re following what Marty and Matt are doing, and you can go into a “tribe” on Sphinx and you can stream them censorship-resistant private money on Lightning and nobody can stop you. And I just sent a bearer asset around the world and nobody could stop me. The world of cryptocurrencies is a bit complicated. Answer: Binance app for PC is a desktop application that allows users to trade cryptocurrencies on the Binance exchange directly from their computer. The agency is alleging that Coinbase has been offering cryptocurrencies that meet the legal definition of a security, like a stock or bond traded on Wall Street, and should be regulated as such. Author’s note: at this point, political activist Laura Loomer came to the front of the stage and asked Dorsey how he could say this when Twitter is censoring users like her.
Dorsey responded by saying, “We’re working on that.” After a minute, Loomer was removed from the front stage area, and we continued the interview. Maybe your favorite podcast. A: Sphinx is really cool, basically what you can do is you can follow your favorite creators. There’s folks out there building stuff like Sphinx. J: Sphinx is amazing. My belief in bitcoin is that it’s an amazing asset, but my belief is that the internet needs a native currency, and we need to be able to transact with this every single day. The withdrawal fee is applicable for those who withdraw their cryptocurrency or fiat currency, a percentage of the withdrawal fee is deducted from the withdrawal. I know there’s a lot of you out there who disagree with our policies and the way we have evolved them. I know you’re saying “liar.” I’m going to prove it to you. J: That’s why I’m committed to Lightning, because this is going to be used by more and more people. Maybe that’s a good segue to get back to the idea of Lightning and why you at Square and especially Square Crypto have focused so heavily on it as opposed to any number of other things.
So again we get back to this conflict about how are we going to build social media and communicate with each other without censorship and surveillance? When you have so many more people on-ramping into this system, we’re probably going to have a situation where fees on the main chain are going to get pretty high in fiat terms. What are Bitcoin Mixing services (Bitcoin Tumbling)? Our products and services form the foundations for the financial infrastructure of the future. And we’re trying to do the same thing with Twitter, by creating a new platform, a new open-source standard called Blue Sky, we’re just starting it. And go to Ghana that has a bunch of transplants from all over the continent and you witness the same thing every single day. Binance, the parent firm, offers a more comprehensive app-specific user interface with the same segregated as “Basic” and “Advanced or Binance Pro.” The Binance Wallet integration supports every supported crypto and can be viewed via the Advanced or Pro UI. Go to India and you see the same. And it will have none of the restrictions that you see on Twitter. But there will be a second and https://youtu.be/r8SCcyL-MuY a third and a fourth, spaced out perhaps by years.