The CEO of the popular microblogging platform Twitter, Jack Dorsey, has recently participated in a trust-based game being run on Bitcoin’s layer-two scaling solution the Lightning Network (LN) after being asked to do so.
The game was first started by tippin.me user hodlnaut, which suggested passing funds from user to user based on trust through Twitter, with 100,000 satoshis to start off, and 10,000 being added to the chain at every step of the way.
Some LN fun..
– I send 100k sats with https://t.co/va7XSnFii0 to the first person I choose to trust that replies to this.
– That person adds 10k sats and sends 110k to someone (Either from reply to a new tweet, or this thread)
.. and so on
How many sats before it breaks?
— hodlonaut🌮⚡🔑 (@hodlonaut) January 19, 2019
The game’s goal is to spread awareness of the technology, which is seen by most as the future for the cryptocurrency space, with on-chain scalability solutions seen as inefficient. By the time the chain reached Dorsey, it was roughly 2,860,000 satoshis, the equivalent of nearly $100.
It reached Dorsey after crypto podcast host Matt Odell tweeted at him asking if he was “ready to carry the torch,” and requesting a LN invoice if so. Unexpectedly, Dorsey ended up responding to the tweet with an invoice.
— jack (@jack) February 5, 2019
Dorsey didn’t keep the funds for long, as he quickly passed them on to Elizabeth Stark, the CEO of Lightning Labs, following the game’s idea of creating a chain. Dorsey is notably also the CEO of Square, a company whose Cash app has added bitcoin buy and sell options, and expanded them to all 50 US states in August of last year.
The company, which recently open-sourced its cold storage technology, has been making money out of BTC trading, even though it doesn’t charge fees. Dorsey himself has in the past noted bitcoin will become the internet’s “native currency,” and is an investor in Lightning Labs.
Responding to users on Twitter, he revealed he holds bitcoin, and no other cryptocurrency. Quoting a tweet from a user who asked other to “imagine a world where you can tip people with satoshis for their tweets,” Dorsey replied he loves the idea.”