Jack Dorsey Disses Ethereum, Web3 In Twitter Rampage
22 Dicembre 2021 - 9:30PM
NEWSBTC
Twitter ex-CEO Jack Dorsey has admittedly never been a fan of
Ethereum and has been quite open about his stance on the
cryptocurrency. Dorsey has always been a Bitcoin maximalist through
and through, showing support for the pioneer cryptocurrency at
every turn. Even going as far as stepping down as Twitter CEO to
focus more on Block, a venture which focuses solely on building
with bitcoin. Despite being vocal about not being a supporter of
ethereum, Dorsey does get asked a fair bit what he thinks about the
asset and the blockchain as a whole. It’s one of these instances
that led Dorsey to once again show that he does not support the
digital asset. Related Reading | Bitcoin Leads As Markets Sees
Record Outflows. Bear Market Incoming? Dorsey Does Not Support
Ethereum With Dorsey focusing all of his energy on building with
bitcoin, others have brought up the possibility of the Block CEO
integrating other blockchains into his work. A Twitter user by the
name of cdixon once again posed the possibility of the CEO to work
with ethereum and other blockchains, stating that there were other
applications of cryptocurrencies that would require other chains.
Dorsey had responded to the tweet with a clear and concise tweet.
The tweet, once again, leaned greatly towards support for bitcoin
as the CEO explained that only secure and resilient technologies
should be used, alluding to the centralized nature of the ethereum
blockchain. “I believe in you and your ability to understand
systems. It’s critical we focus our energy on truly secure and
resilient technologies owned by the mass of people, not individuals
or institutions. Only that foundation will provide for the
applications you allude to.” ETH price falls below $4,000 | Source:
ETHUSD on TradingView.com Coming For Web3 Dorsey’s tirade against
centralized systems did not end with the ethereum blockchain. Web3,
the new baby of the innovative technology space, also drew
criticism from the CEO. He tweeted saying that users did not
actually own web3. Instead, that it belonged to the VCs and the LPs
who are currently investing heavily in the space. Alluding to the
fact that the incentives of these VCs and LPs will always impact
it. https://twitter.com/jack/status/1473139010197508098?s=20
Related Reading | Ethereum Exchange Withdrawals Reaches
One-Year Low. Why This Matters The tweet itself had drawn criticism
from those involved in the web3 space who poured out to counter the
views of the CEO. Dorsey went on to further mock the technology
alongside SpaceX CEO Elon Musk. Joining the discussion, Musk had
tweeted saying, “Has anyone seen web3? I can’t find it.” To which
Dorsey had mockingly replied that “It’s somewhere between a and z.”
Featured image from Ripples Nigeria, chart from TradingView.com
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