Square CEO Jack Dorsey says Bitcoin holds the keys to security
He also took the time to discuss how content saved via Blockchains becomes effectively immutable.
The Oslo Freedom Forum, an event-based entity under the wing of the Human Rights Foundation, or HRF, digitally hosted Square CEO Jack Dorsey for a quick interview on YouTube. During the engagement, the CEO spoke positively of crypto’s largest asset, Bitcoin (BTC).
“The whole spirit of Bitcoin, for instance, is to provide a trusted system in a distrusted environment, which is the internet,” Dorsey told host and HRF president Thor Halvorssen in an interview, published on Sept. 25.
Dorsey’s comment came in the midst of a discussion on security and methods for protection against nefarious parties. “I fundamentally believe that security is not something that can ever be perfected,” he said. “It’s a constant push to be 10 steps ahead of your attackers.”
With regard to Twitter, a platform that Dorsey also leads, he named multiple helpful avenues in keeping an edge over attackers, including company’s maintaining a sense of internal self-awareness about their own security and various external insights. He also mentioned choosing proper company frameworks — “Making sure that we’re building the right secure systems within our platform so that we can have trust in untrusted environment,” as he put it.
Enter Bitcoin. Dorsey used the asset and its technology as an example of fresh technological innovations paving the way for greater security, making trust a less crucial component. He also mentioned the concept and importance of individuals being able to hold their own access capabilities and keys, as seen in Bitcoin.
Later in the interview, Dorsey also described blockchain and decentralization as changing the landscape of online content, hosted by numerous parties instead of centralized entities. “Blockchain and Bitcoin point to a future, and point to a world, where content exists forever, where it’s permanent, where it doesn’t go away, where it exists forever on every single node that’s connected to it,” he explained.
Dorsey has also spoken positively on Bitcoin in the past, often describing the asset’s potential.