Jack Dorsey, co-founder of Twitter and a prominent entrepreneur, is making waves with his unequivocal assertion that "Bitcoin is money, not crypto." He actively champions Bitcoin's transformation into a widely adopted daily currency, challenging its current perception as a speculative asset. Dorsey's vision emphasizes practicality and accessibility, aiming to restore what he believes is Satoshi Nakamoto's original design for a peer-to-peer digital cash system.
Pushing for Practical Bitcoin Adoption
Dorsey is a fervent advocate for integrating Bitcoin into everyday transactions, pushing for tax exemptions on small payments to remove friction for users. He contends that current regulatory hurdles and payment system structures distort Bitcoin's true potential. To facilitate this shift, Dorsey leverages his ecosystem, including Square, Cash App, and the Lightning Network, presenting them as the essential infrastructure for scalable Bitcoin use. Evidence of this practical push is already visible, with merchants conducting zero-fee Bitcoin trials at farmer's markets via Square. Dorsey boldly projects that these fees will be entirely eliminated by 2026, creating a truly peer-to-peer payment flow that could offer a significant advantage over traditional payment processors like Mastercard and Visa for small businesses.
The Resurfaced Satoshi Nakamoto Speculation
Amidst Dorsey's vigorous promotion of Bitcoin, an intriguing, long-standing theory has resurfaced across the internet: that Jack Dorsey himself might be the elusive Satoshi Nakamoto. Proponents of this myth point to various circumstantial "evidence." This includes cryptography notes Dorsey published in 2003, alleged timing overlaps with early Bitcoin file creation, a past Twitter bio containing the word "sailor" coincidentally with a maritime proverb found in Bitcoin's code, and even traces of Satoshi's IRC login linked to California, where Dorsey resided. Some also highlight peculiar coincidences between key Bitcoin events and dates significant to Dorsey or his family. Despite Dorsey's disinclination to engage with such speculation, his unwavering commitment to Bitcoin as the very definition of money, rather than just an investment, continues to fuel these discussions.
