{"id":479573,"date":"2021-12-22T20:30:16","date_gmt":"2021-12-22T20:30:16","guid":{"rendered":"https:\/\/uniquehot.com\/?p=479573"},"modified":"2021-12-23T12:13:28","modified_gmt":"2021-12-23T12:13:28","slug":"jack-dorsey-disses-ethereum-web3-in-twitter-rampage","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/jack-dorsey-disses-ethereum-web3-in-twitter-rampage\/","title":{"rendered":"Jack Dorsey Disses Ethereum, Web3 In Twitter Rampage"},"content":{"rendered":"

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.<\/p>\n

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\u2019s one of these instances that led Dorsey to once again show that he does not support the digital asset.<\/p>\n

Dorsey Does Not Support Ethereum<\/h2>\n
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<\/a> 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.<\/p>\n
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.<\/p>\n
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\u201cI believe in you and your ability to understand systems. It\u2019s 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.\u201d<\/p>\n<\/blockquote>\n
$\"Ethereum$ <\/p>\n
ETH price falls below $4,000 | Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Coming For Web3<\/h2>\n
Dorsey\u2019s 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.<\/p>\n
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You don\u2019t own \u201cweb3.\u201d<\/p>\n
The VCs and their LPs do. It will never escape their incentives. It\u2019s ultimately a centralized entity with a different label. <\/p>\n
Know what you\u2019re getting into\u2026<\/p>\n
— jack (@jack) December 21, 2021<\/a><\/p><\/blockquote>\n