#bitcoin #JackDorsey

$BTC : Money or Crypto? Jack Dorsey Sparks Debate

Jack Dorsey’s recent X post claiming “Bitcoin is not crypto” has stirred up the community, amassing over 4,000 comments. While some point to Satoshi Nakamoto’s 2010 Bitcointalk post calling Bitcoin a “peer-to-peer cryptocurrency,” Dorsey emphasizes its roots as a currency, noting the Bitcoin white paper’s focus on “electronic cash” and “cryptographic proof” without ever mentioning “crypto.”

Dorsey, long rumored to be Nakamoto (though he denied it in 2020), doubled down, calling Bitcoin “money” and highlighting zero-fee BTC payments via his company Block’s Square platform. Yet, critics argue Bitcoin’s scalability issues and high fees limit its payment potential, while others see Dorsey’s stance as a jab at altcoins, deepening the divide between Bitcoin maximalists and the broader crypto ecosystem.

What’s your take? Is Bitcoin money, crypto, or something else entirely? 🪙