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What is Bitcoin if not crypto? Rumored Satoshi Nakamoto weighs in

Cointelegraph
Jack Dorsey asserted that Bitcoin is money, not cryptocurrency, citing its absence in the original white paper.

Summary

Jack Dorsey, a strong Bitcoin advocate, reignited debate by tweeting that "Bitcoin is not crypto," prompting significant community reaction. Dorsey argues that Bitcoin should be viewed as "money" based on its origins, pointing out that the foundational 2008 Bitcoin white paper describes it as "electronic cash" or a "peer-to-peer version of electronic cash" but never uses the term "crypto." He contrasts this with the broader crypto industry. Dorsey has long been rumored to be Satoshi Nakamoto, though he denied it in 2020. He further supported Bitcoin's status as money by highlighting progress with zero-fee BTC payments through his company Block's Square arm. While Dorsey sees Bitcoin succeeding as a payment method, critics point to scalability issues and argue against separating Bitcoin from the broader crypto ecosystem. David Schwartz of Ripple suggested Dorsey might be trying to frame Bitcoin primarily as a payment system rather than a speculative asset.

(Source:Cointelegraph)