Dorsey has NO IDEA what he's talking about here. New monetary assets go though adoption cycles. They start out as a barter tool, they become stores of value then transition eventually into a unit of exchange at a massive level.

Jack has what I call microwave syndrome. Basically I want it now, like so many do today.

Spending bitcoin creates a tax and accounting nightmare. Someday BTC will be commonly spent, but that day isn't now. Tax law has to change, volatility has to settle, the entire banking system needs to transform. And it is all happening.

Gold took centuries to become the standard. BTC will do it in decades. Anyone who thinks that is too slow is just an autistic idiot who wants society to adapt to them, vs. the reality of how this work in the real world.

The Fed itself is dying right now. We had it for 112 years, if it takes 30 to get rid of it that is about as fast as anyone can expect.