Twitter Former CEO Attacks Ethereum and Web3 in Recent Twitter Rant

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Twitter Former CEO Attacks Ethereum and Web3 in Recent Twitter Rant
Twitter Former CEO Attacks Ethereum and Web3 in Recent Twitter Rant

There’s no denying that Jack Dorsey, the former CEO of Twitter, was never a fan of Ethereum and was always very open to his stance on cryptocurrencies. Dorsey has always been a bitcoin extremist and has always shown support for pioneering cryptocurrencies. He even stepped down as CEO of Twitter to focus more on Block, a company that only focuses on building with Bitcoin.

Twitter Former CEO Doesn’t Support Ethereum

According to a question on Twitter on December 21, Dorsey was asked about his views on assets and the entire blockchain. It was one of those cases that led Dorsey to show again that he didn’t support Ethereum and digital assets as a whole.

When Dorsey focused all his energies on building with Bitcoin, others raised the possibility of Block CEO integrating other blockchains into his work. A Twitter user named cdixon again raised the possibility of the CEO working with Ethereum and other blockchains, pointing out that other uses of the cryptocurrency require other chains.

Dorsey responded to this tweet with a clear and concise tweet. His tweet is again strongly in favour of Bitcoin, as the CEO stated that only secure and resilient technologies should be used, which alluded 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.”

Dorsey Detest Centralization of Web3

Dorsey’s long talk about centralized systems didn’t end with the Ethereum blockchain. Web3 is the new favourite in the field of innovative technology and has also been criticized by the CEO. He said on Twitter that users don’t actually own web3. On the contrary, it belongs to venture capital and limited partners who are currently investing heavily in this area. Alluding to the fact that these VC and LP incentives will always affect you.

This tweet itself provoked criticism from participants in the web3 room who opposed the views of the CEO.

Dorsey continued to make fun of the technology with SpaceX CEO Elon Musk. After joining the discussion, Musk said on Twitter, “Has anyone seen web3? I can’t find it.” To which Dorsey replied mockingly: “It’s between a and z.”