Bitcoin’s second layer technology Lightning network is still in the beta phase and is being tested out by Bitcoin enthusiasts. In a recent trend called the “Lightning Torch” started by an anonymous person called “Hodlonaut” where the “torch payment” is passed on from one person to another adding 10,000 satoshis at every stop. Over 150 people have already taken part in this exercise.
Host of RHR and Cryptocurrency writer Matt Odell tweeted at Jack asking him to participate in the lightning torch. Jack responded the next day with his invoice, after receiving the “torch” he then quickly passed it on to Elizabeth Stark who is the CEO of Lightning labs.
Jack recently appeared in a podcast with Joe Rogan where he boldly stated that the “internet will have its own native currency and it most likely will be Bitcoin”. He then goes on to tweet why he bullish on Bitcoin:
Crypto Twitter was quick to ask Jack about other Cryptocurrencies like Ethereum, Bitcoin Cash and of course XRP even though he had stated in the podcast that he had no plans of adding any other Cryptocurrency to Square led Cash App.
Jack refuses to buy into Ethereum (ETH):
Bitcoin Cash (BCH) a fork of Bitcoin gets a “Hell no” from Dorsey.
But to be fair Jack is bound to promote Bitcoin’s lightning network as he is invested in Elizabeth Stark led Lightning Labs. He has been widely criticized for censoring people on Twitter which goes against the Ethos of Bitcoin which is by nature Censorship resistant.
Jack went full maximalist and disclosed that he owns only one Cryptocurrency and that is Bitcoin.
The 42-year-old CEO of Twitter and Square is set to appear on Stephan Livera Podcast along with Lightning Lab’s Elizabeth Stark this Saturday 1 PM Pacific time.
Also Read:
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Crypto's Reputation Pivot: Why Became the Key to Normalizing in 2025 Crypto has long battled…
A Blockchain-Based Model for Storing and Retrieving Patient Healthcare Records Imagine a world where your…
Crypto Market News Today: Signs of a Turning Tide In the ever-evolving world of cryptocurrency,…
What is a and Why Do You Need One? In the exciting world of blockchain…
Why Is ? In the volatile world of cryptocurrency, sharp declines can happen overnight, leaving…
New York City Bets on , a Technology Most Have Discarded as Useless In a…