Jack Dorsey Wants Bitcoin Back as “Everyday Money”

Digital gold? Nah — the Block CEO says BTC should pay for your coffee, not just sit in cold storage.

⚡ Quick Hits

• 👤 Speaker: Jack Dorsey, CEO of Block (ex-Square)
• 📜 Reference: Satoshi’s 2008 Bitcoin whitepaper
• 🛒 Vision: BTC as daily peer-to-peer cash
• 💰 Reality: Mostly a store of value today
• 📊 Market reaction: Mixed — sparked fresh debate

🗣️ Dorsey’s Call to Action

Jack Dorsey isn’t letting Bitcoin coast as “digital gold.” He wants it back to basics: money you actually spend.

“We want Bitcoin to be used as peer-to-peer electronic cash and for everyday spending, that is, as daily money.”

More than a decade since Satoshi’s whitepaper, Bitcoin barely buys you a latte. Dorsey’s saying: it should.

⚔️ Community Split

The remarks lit up Crypto Twitter and forums. Two camps emerged:

*� Pro-utility camp: – If Bitcoin isn’t used in daily life, it betrays Satoshi’s vision. – Imagine paying for coffee, rent, Spotify with BTC.

*� Store-of-value camp: – Bitcoin already is digital gold. – Payments? Leave that to stablecoins and Layer 2s.

The clash isn’t new — but Dorsey just poured rocket fuel on it.

⚡ Infrastructure + Regulation

Biggest blockers:

• ⛓️ Scalability → Base layer is too slow + costly
• 💸 Transaction fees → Not coffee-friendly
• 🏛️ Regulatory clarity → Still murky if BTC is currency or commodity

Developers are betting on Lightning Network to solve speed + cost. But regulators? Still playing catch-up.

🧭 Bigger Picture: Bitcoin’s Identity Crisis

Dorsey’s push forces the core question:

• Is Bitcoin money? (Satoshi’s OG dream)
• Or is Bitcoin digital gold? (today’s investor reality)

Maybe it’s both. But if Dorsey gets his way, Bitcoin’s future isn’t in vaults — it’s in your wallet, at checkout.

TL;DR

• 🗣️ Jack Dorsey says BTC should be spending money, not just savings
• 📜 Echoes Satoshi’s whitepaper vision of peer-to-peer cash
• ⚔️ Community split: everyday money vs. digital gold
• ⚡ Lightning Network is key to making payments work
• 🧭 Bitcoin still faces its identity crisis