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Jack Dorsey Says Bitcoin Fails If It Is Not Used For Everyday Payments
Is Bitcoin meant to be a medium of exchange, a store of value, or maybe both? This question continues to be the subject of serious debate, especially in core Bitcoin circles. The debate has now been rehashed by statements from Twitter co-founder and Block Inc. (NYSE:XYZ) CEO Jack Dorsey. Dorsey has asserted that Bitcoin will fail if it becomes nothing more than a store of value. He said this while speaking with Haley Berkoe, product marketing manager of Block subsidiary and Bitcoin-focused development firm Spiral, on a "Presidio Bitcoin" podcast episode last week. According to him, Bitcoin succeeds through payments. ... (full story)
