Â
Invested in Lightning Network - Twitter likely to curtail advertisements for crypto offerings At around 7,000 euros, Bitcoin is currently hovering at around the level of last November and less than half the record it reached in mid-December. After months of great euphoria, the crash at the beginning of the year raised questions about the future viability of the most well-known cryptocurrency. Some analysts predict that Bitcoin will lose its status as a digital reserve currency in the long term, including Philipp Sandner of the Blockchain Center of the Frankfurt School of Business (DER STANDARD reported). Great hopes A view that Twitter boss Jack Dorsey does not share at all. He foretells big times to Bitcoin in conversation with the Times. Dorsey assumes there will only be one currency in the world at some point. And this will not be from the range of traditional money - such as the dollar or the euro - but the Bitcoin. It will probably be ready in about ten years, but possibly sooner. Dorsey is also the head of the payment service Square, which also allows the purchase and sale of Bitcoins, and is one of the financiers of the development of the Lightning Network. By means of a second layer, through which transactions are handled according to a kind of trust system, the block chain should be relieved. Their small block size has already led to significant delays in transactions and massively increased fees in the past. Problems that have always been used by critics as an argument for the lack of future viability of the cryptocurrency. Even Dorsey himself admits that Bitcoin "currently has not yet the ability to become an effective currency." Crisis of Confidence At the moment, the crypto market is in a crisis of confidence caused by successful cyberattacks on crypto exchanges, scams and fraud cases, and a flood of new coins and tokens practically dead just weeks after launch. Facebook and Google have responded to this by massively restricting advertising for crypto products and services. According to a report by Sky News, Twitter is soon to follow suit with corresponding prohibitions. (gpi, 22.03.2018) - derstandard.at/2000076618107/Twitter-Chef-Bitcoin-wird-bald-zur-Weltwaehrung-werdenÂ
