Two of the greatest men involved in the technology industry are involved in cryptocurrencies. They both have a heart for the new form of currency but their approach has been absolutely different. Mark Zuckerberg, CEO, and founder of Facebook and Jack Dorsey, CEO, and founder of Twitter have both shown their interest and commitment to cryptocurrencies. After building two of the largest social media platforms,<a href="https://reason.com/2019/11/05/a-tale-of-two-tech-ceos-how-zuckerberg-and-dorsey-differ-with-cryptocurrency/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+reason%2FHitandRun+%28Reason+Online+-+Hit+%26+Run+Blog%29"> the two have identified the opportunity in cryptocurrencies</a>.

One has however embraced privacy and support for Bitcoin. The other, over and above having a reputation of breaching privacy is ready to rival Bitcoin and showing a carefree attitude to privacy. Twitter's Jack Dorsey has been vocal in his support for Bitcoin. His support has gone as far as employing Bitcoin developers to help strengthen the network. He has further integrated Bitcoin to Square, a payment app owned by him. Using this platform, users can buy, sell, and deposit Bitcoin.

Zuckerberg, on the other hand, has <a href="https://www.cryptoknowmics.com/crypto/david-marcus-defends-libra-as-a-meaningful-invention-of-our-time/">chosen to launch a cryptocurrency of his own</a>. Well, a sort of cryptocurrency. A cryptocurrency should be open source and open to anyone to contribute. In Facebook's Libra case, it will be a permissionless system beating the point of being a cryptocurrency.

The nature of Libra and the fact that data will be handled by Facebook has led to Zuckerberg having to appeal before U.S regulators. It has further seen a number of European countries warn against it and demand its vetted.

When Jack Dorsey was asked about Libra and whether he would be joining the Libra Association, he had two words, <em>"Hell No"</em>.
<h3>So Who Wins In The Race, Zuckerberg Or Dorsey?</h3>
It is almost clear that the odds are against Libra. A majority of the population does not trust Facebook and would certainly not offer them their financial data. Regulators also recognize this threat and are hell-bent on ensuring Libra does not see the light of day.

Bitcoin, on the other hand, has been around for years and has proven to be the ultimate asset for uncertain times. Bitcoin will most likely continue being the most successful cryptocurrency in the years to come. As for Libra, one can certainly almost see a scandal on the horizon, if it ever gets launched.

How Mark Zuckerberg And Jack Dorsey Differ On Their Approach To Cryptocurrencies

The two most outspoken tech enterprenuers, Mark Zuckerberg and Jack Dorsey both suppport cryptocurrencies. But they have different approaches to better it.

John is an exceptional writer with a liking on technology, finance and the intersection of the two. A firm believer in the transformative potential of cryptocurrencies and the blockchain. When he is not writing, he likes to listen to Nas, Eminem and The Beatles.

How Mark Zuckerberg And Jack Dorsey Differ On Their Approach To Cryptocurrencies

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