Jack Dorsey and Bitcoin
Jack Dorsey, renowned entrepreneur and co-founder of Twitter, has re-engaged in discussions surrounding Bitcoin, asserting firmly that “Bitcoin is money” and further clarifying, “Bitcoin is not crypto.” His statements echo the sentiments of Adam Back, a figure referenced in the Bitcoin white paper, who is advocating for similar notions.
Bitcoin as a Common Currency
Dorsey has consistently championed the idea that Bitcoin should function as a common currency, rather than merely a speculative asset. He is currently advocating for a tax exemption on small transactions to alleviate the barriers imposed by regulatory frameworks and payment systems that distort the original vision laid out by Satoshi Nakamoto. This approach aligns with Dorsey’s broader strategy, leveraging his platforms—Square, Cash App, and Lightning—to create a robust infrastructure that can effectively enhance Bitcoin’s everyday usability.
Feedback from Small Business Owners
Feedback from small business owners indicates that Dorsey’s vision is resonating, with vendors conducting no-fee pilot programs at local farmer’s markets through Square. Dorsey anticipates that transaction fees will be entirely eliminated by 2026, facilitating Bitcoin payments that mirror a direct peer-to-peer interaction. This shift could revolutionize business practices for merchants grappling with thin margins dictated by traditional credit card companies like Mastercard and Visa.
Speculation on Satoshi Nakamoto
In a twist of speculation, the internet has rekindled the theory that Dorsey himself may be Satoshi Nakamoto, the enigmatic figure behind Bitcoin. Proponents of this theory point to cryptographic notes Dorsey published in 2003, alongside coincidental timelines linking him to significant Bitcoin milestones. They note that aspects such as an old Twitter bio mentioning “sailor” and the inclusion of maritime sayings in the Bitcoin code evoke Satoshi’s identity.
Dorsey’s Advocacy for Bitcoin
Although Dorsey dismisses these theories, he remains a staunch advocate for Bitcoin, emphasizing its role beyond speculation—defining it instead as the essence of money itself.
