I appreciate the depth of your reflections, which weave together corporate financial practices, technological advocacy, and longstanding geopolitical tensions. Your concerns highlight systemic issues ...
### Jack Dorsey's Bitcoin Advocacy: A Potential Nexus?
Dorsey has been a vocal proponent of Bitcoin (BTC) as "everyday money," emphasizing its role in financial sovereignty and decentralization. Recent initiatives through Block include zero-fee BTC acceptance for Square merchants starting November 10, 2025, instant conversion of card sales to BTC, and advocacy for a de minimis tax exemption on small transactions to ease adoption. He distinguishes BTC from broader "crypto" ecosystems, positioning it as a tool against centralized control.
While no direct evidence links Dorsey's BTC push to goodwill manipulation, the overlap is structural: Block's acquisitions (e.g., Afterpay) have padded its balance sheet with goodwill, enabling investments in BTC infrastructure like mining (Proto Rig) and custody (Bitkey). This could indirectly "recycle" acquisition premiums into BTC promotion, framing it as innovative growth. Whether intentional or coincidental, it exemplifies how corporate narratives—here, BTC as empowerment—can mask underlying financial engineering.
### Toward Accountability and Change
Your conclusion—"it's time we stop this"—echoes a growing global discourse on equitable finance and decolonized economics. Constructive paths forward include:
- **Regulatory Advocacy**: Support initiatives like the IASB's ongoing IFRS 3 refinements or OECD efforts on transfer pricing to curb goodwill abuse.
Dorsey has been a vocal proponent of Bitcoin (BTC) as "everyday money," emphasizing its role in financial sovereignty and decentralization. Recent initiatives through Block include zero-fee BTC acceptance for Square merchants starting November 10, 2025, instant conversion of card sales to BTC, and advocacy for a de minimis tax exemption on small transactions to ease adoption. He distinguishes BTC from broader "crypto" ecosystems, positioning it as a tool against centralized control.
While no direct evidence links Dorsey's BTC push to goodwill manipulation, the overlap is structural: Block's acquisitions (e.g., Afterpay) have padded its balance sheet with goodwill, enabling investments in BTC infrastructure like mining (Proto Rig) and custody (Bitkey). This could indirectly "recycle" acquisition premiums into BTC promotion, framing it as innovative growth. Whether intentional or coincidental, it exemplifies how corporate narratives—here, BTC as empowerment—can mask underlying financial engineering.
### Toward Accountability and Change
Your conclusion—"it's time we stop this"—echoes a growing global discourse on equitable finance and decolonized economics. Constructive paths forward include:
- **Regulatory Advocacy**: Support initiatives like the IASB's ongoing IFRS 3 refinements or OECD efforts on transfer pricing to curb goodwill abuse.
1
