Jack Dorsey Urges Signal To Drop MobileCoin And Embrace Bitcoin

Stored, but not spent, admired, but barely used: Bitcoin is slowly sliding into the museum of precious objects, according to Jack Dorsey. For the former Twitter boss, if the king of cryptos does not establish itself in the daily lives of users, it will end up as a golden relic. So, he pounds his fist: Signal, the ultra-secure app, should abandon its in-house altcoin and adopt Bitcoin as a native means of payment.

Signal, private messaging, but locked crypto

Since 2021, Signal has offered payments via MobileCoin, recently renamed Sentz. Officially, it is a private crypto, fast, designed for mobile use. Unofficially, its integration has been a fireworks display of suspicions: obscure links with the founders of Signal, suspicious gains, opacity about distribution.

As a result: one of the bastions of digital privacy talks about freedom but clings to a token that no one has claimed.

And yet, Bitcoin ticks all the boxes: peer-to-peer, robust, resistant to censorship. Dorsey says it outright on X:

Signal should use Bitcoin for P2P payments.

Dorsey reignites the fundamental debate on BTC

Going against the grain of the golden consensus, Dorsey targets the “Bitcoin vault”. On the Presidio Bitcoin podcast, he lays out his thoughts:

If it doesn’t become a daily means of payment, Bitcoin becomes an asset that you buy, forget about, and only use in case of emergency. That’s the failure.

In short: as long as Bitcoin remains a contemplative digital ingot, it will betray the message of Satoshi’s white paper. An “electronic cash” meant to fluidify exchanges, not just a green line in a frozen wallet.

It goes even further: the Lightning Network? A commendable effort, but insufficient. Too complex, too limited. He calls for new, simple experiments capable of rivaling Visa or Mastercard on their own turf. Speed, scalability, accessibility. A crypto to buy your coffee, not just dream of yachts.

A counter-current strategy in a pro-altcoins world

While Dorsey waves the Bitcoin banner, most social apps show technological favoritism. Telegram promotes Toncoin as a deserving little brother. Meta has stumbled on Libra, then Diem, before quietly burying them. As for X, Musk’s all-in-one app, it long kept the mystery of an “X Coin” in-house, until the boss officially denied it.

So Dorsey is rowing against the current, but not alone. David Marcus, the former president of PayPal and current head of Lightspark, adds:

All non-transactional apps should connect to Bitcoin and use it as the TCP/IP of money.

Jack, on the other hand, continues to advocate and live what he preaches. When asked on X: “When did you last use Bitcoin?“, he replies in one word: “Every day.”

BTC, digital gold or living currency? Dorsey has made his decision: without daily use, Bitcoin is doomed to polite forgetfulness, a statement that raises questions about the usefulness of Bitcoin in daily payments. Signal, messenger of the resistance, could become the standard-bearer of a pragmatic awakening of BTC. Yet, one must dare to break the altcoin self-sufficiency. For by venerating it without spending it, the queen of cryptos could end up as dead as she is sacred.