Jack Dorsey, CEO of Block, has stirred debate by asserting that Bitcoin is not a cryptocurrency. In a tweet, Dorsey highlighted that the 2008 Bitcoin white paper does not mention the term 'crypto,' instead describing Bitcoin as a 'peer-to-peer version of electronic cash' and an 'electronic payment system based on cryptographic proof.' His statement, "bitcoin is not crypto," garnered significant attention, with over 4,500 comments and 3.8 million views.
The crypto community is divided over Dorsey's claim. Some agree with his interpretation, while others argue it is misleading, noting that 'crypto' is commonly understood as short for 'cryptocurrency.' Dorsey further emphasized Bitcoin's role as 'money,' underscoring Block's and Square's initiatives to integrate free payments using Bitcoin.
Jack Dorsey Asserts Bitcoin Is Not a Cryptocurrency
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