Are Bitcoin's major players barking up the wrong tree? The two Jacks (Mallers & Dorsey) are so hell bent on profiting from Bitcoin that the tools they've brought to the table are very weak on self-custody, and allow for transactions that bypass actual Bitcoin altogether. Their actions insist that BTC is nothing more than a "payment rail", essentially putting it in the same category as XRP and many stablecoins. They are taking a form of money designed to function without a third party and making it's use entirely dependent on third parties.