Jack Dorsey trashes Facebook’s Libra, say it’s not even a cryptocurrency

Jack Dorsey has some thoughts on Libra. Namely, it’s bullshit. 

Speaking at today’s Twitter News Summit in New York City, the pro-Bitcoin CEO took Facebook’s so-called cryptocurrency project to task for being, essentially, a gimmick. He insisted that Libra isn’t even a real cryptocurrency, and that his company will have nothing to do with it. 

Dorsey’s comments, in response to the question if Twitter would ever join Libra, were captured by CNN media (and ex-Mashable) reporter Kerry Flynn. 

“Hell no,” said Dorsey. “Nothing within Libra had to be a cryptocurrency to do what they want to do. They use that label liberally. It’s completely incorrect.