David Schwartz Claps Back at Jack Dorsey’s ‘Bitcoin Is Not Crypto’ Blunder!

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Well, well, well! The tech world just got a spicy dose of drama, and guess who’s serving it up? None other than David Schwartz, the big cheese at Ripple, who decided to throw his two cents into the Bitcoin vs. Crypto debate-again! 🔥

So, Jack Dorsey-yes, the man who once ruled Twitter and still thinks he’s some sort of Bitcoin prophet-made a remark that had people scratching their heads. He said, “Bitcoin is not crypto.” Sounds simple, right? WRONG. The internet nearly exploded, but don’t worry, David Schwartz is here to clear things up with some linguistic wizardry! 🎩✨

“bitcoin is not crypto” =/= “bitcoin is not a crypto”- David ‘JoelKatz’ Schwartz (@JoelKatz) October 20, 2025

Let’s Talk Nuance… Because Who Doesn’t Love a Little Drama?

Schwartz, who recently announced he’ll be stepping down from Ripple’s CTO position (probably to kick back and enjoy the drama), pulled out his best grammar card. He clarified that what Dorsey was actually trying to say was that Bitcoin isn’t part of the “crypto” family-specifically, the group of speculative tokens. You know, the stuff that makes your head spin and your wallet cry.

But wait! If Dorsey had said “Bitcoin is not a crypto,” that would imply Bitcoin isn’t a cryptocurrency at all-which, as we all know, is ABSURD. It’s like saying water isn’t wet. Sorry, Jack, not buying it. 😏

The “Crypto” Controversy: It’s a Family Feud!

Let’s break it down. Dorsey has been one of Bitcoin’s loudest cheerleaders since 2010. But he’s always had a bone to pick with altcoins-those “other” cryptocurrencies that aren’t as cool as Bitcoin. He’s even thrown some shade at Ethereum, calling it out for having “many single points of failure” (Ouch! Who hurt you, Jack?). 🧐

For the Bitcoin maximalists (you know, those folks who believe Bitcoin is basically the holy grail of crypto), the word “crypto” is almost a dirty word. Why? Because “crypto” is all about speculation, crazy charts, and coins that multiply faster than rabbits-while Bitcoin is like the chill, old-school crypto, all decentralized and hard to get your hands on. It’s basically the grandpa of the crypto world. And grandpa don’t like those newfangled altcoins. 👴💸

So there you have it! Dorsey isn’t saying Bitcoin isn’t a cryptocurrency (that would be nuts), he’s just saying it’s not part of the modern, anything-goes, “crypto” circus. 😜

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2025-10-20 09:40