Twitter CEO Jack Dorsey took his love of cryptocurrency to the next level this week, pointing to a watch that displays cryptocurrency prices.
Dorsey was in front of the House Energy and Commerce Committee on Thursday, one of many important technology figures who spoke about social media misinformation, especially regarding the Capitol attack.
But he appeared from a distance, the way most congressional hearings take place during the pandemic.
Because of this, people looking at the creek could see empty glass bottles behind Dorsey’s head, as well as stacks of plates and bowls and something that looked like a clock beside him.
During his appearance on the House Energy and Commerce Committee on Thursday, Jack Dorsey’s BlockClock Mini (in a circle) was fully exposed to cryptocurrency lovers.
Pictured: BlockClock Mini is sold on the Coinkite website for $ 399
According to Gizmodo, the device read “1952” at one point, which could be interpreted as military time (although it was not exactly based on the hearing schedule).
But then the numbers went to “676274,” which is not a moment.
The device is a BlockClock Mini, which is sold online by Coinkite for $ 399.
The 30x10cm device can “track exchange prices, see blocks as they are posted by miners and can connect Opendime to display the balance, fiat value and submit QR codes”, according to its description.
Some people on Dorsey’s social media platform couldn’t help but laugh at the bizarre background.
“It’s the F number he gave her today,” said one user.
“Look at the clock … look at the leader of the guy’s cult,” said another, pointing to Dorsey’s sloppy appearance.
The device, which almost looks like a clock of the day of judgment, is part of the broader narrative of Dorsey’s obsession with cryptocurrency.
The CEO’s Twitter biography is short and concise, simply reading “#bitcoin” with the symbol at the end.
Earlier this week, Dorsey sold her first tweet ever – “I just set up my twttr” – as NFT for just over $ 2.9 million.
The non-fungible token (NFT) – a unique digital asset that exploded in popularity in 2021 – was purchased Monday by Sina Estavi, CEO of blockchain company Bridge Oracle in Malaysia.
The sale came two weeks after Dorsey listed the March 21, 2006 tweet on a platform called Valuables, which bids for tweets as NFTs.
He said in a tweet on March 9 that he would convert the proceeds of the auction into bitcoin and donate them to people affected by COVID-19 in Africa, quickly obtaining bids of at least $ 88,888.
On Monday, Dorsey announced that she had donated more than $ 2,787 million worth of Bitcoin to the Give Directly Africa fund.
In January, Christie’s became the first major auction house to make a piece of digital art bearing a symbol.
Beeple’s “Everydays – The First 5000 Days” sold for $ 69 million.
Dorsey also joins rapper Jay-Z on a new Bitcoin fund, with plans to move the cryptocurrency to India and Africa.
“JAY-Z / @ S_C_ and I are offering 500 BTC to a new endowment called ₿trust to finance the development of #Bitcoin, initially focused on teams from Africa and India. It will be constituted as a blind irrevocable trust, taking the zero direction from us. We need 3 board members to get started, “Dorsey wrote on Twitter on February 12th.
One week later, he revealed that more than 6,600 people had applied for seats on the board and that interviews would begin soon.
The 500 bitcoins they gave to the fund were worth about $ 24 million at the time.
According to Variety, Dorsey’s other company, Square-Processing Square – which recently bought a majority stake in Jay-Z’s TIDAL – has been able to support Bitcoin for more than three years.
Dorsey’s Twitter profile visibly shows his love for all things Bitcoin
Dorsey listed her famous March 21, 2006 post (pictured) on a platform called Valuables, which bids on tweets as NFTs.
On Monday, Dorsey announced that it has donated over $ 2,787 million worth of Bitcoin to the Africa Direct Donated Fund
Twitter is also exploring the possibility of paying employees who use Bitcoin.
Dorsey and Jay-Z could face an uphill battle to help open a new era of cryptocurrencies in India.
Reuters reports that India intends to propose a law banning cryptocurrencies and fining traders and holders of digital currency.
The law would make possession, issuance, exploitation, exploitation, trading and transfer of assets a crime in the country.
Cryptocurrency holders would have up to six months to liquidate their assets before the fines begin.
The exploitation and trading of cryptocurrencies is also illegal in China, although the possession of cryptocurrencies is not.
Dorsey has sought to incorporate more cryptocurrencies into its business, including exploring the possibility of paying Twitter employees in Bitcoin.