The man better known as the owner of Alibaba.com is indeed openly expressed counter to bitcoin.
The man whose real name is Ma Yun thinks blockchain is a solution to security and privacy, especially in internet-based finance that processes trillions of trillions of trades. But he does not agree if this technology is applied to run Bitcoin for money. Jack ma said, "Social networking may not need blockchain, but we still have to switch to it, otherwise it will be bad.
