Jack Dorsey (ex-CEO of Twitter) has not been a huge fan of Ethereum, but he has always been open about it. Dorsey is a Bitcoin maximumist by nature, supporting the revolutionary cryptocurrency in every way possible. So much so that Dorsey decided to step down as Twitter’s CEO in order to devote more time and energy on Block. Block is an entirely bitcoin-focused venture.
Dorsey is open about his opposition to ethereum but he does often get questions about what he thinks of the asset as well as the entire blockchain. It’s one of these instances that led Dorsey to once again show that he does not support the digital asset.
Read Related Reading| Bitcoin Leads As Markets Sees Record Outflows. Bear Market incoming
Dorsey does not support Ethereum
Others have raised the possibility that the Block CEO could integrate other blockchains in his work, as Dorsey is focusing his efforts on bitcoin. Another Twitter user, cdixon. posedIt was possible for the CEO to use ethereum or other blockchains.
Dorsey responded with a concise and clear tweet to the tweet. Again, the tweet leaned heavily in support of bitcoin. The CEO stated that only resilient and secure technologies should be used. This was a reference to the central 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.”
Price of Ethereum falls to $4,000| Source: ETHUSD on TradingView.com
We are coming for Web3
Dorsey’s tirade against centralized systems did not end with the ethereum blockchain. The CEO also criticised Web3, which is the latest innovating technology sector. Twitter user, he claimed that web3 was not owned by users. It belonged instead to the VCs or the LPs that are investing heavily in this space. This refers to the fact the incentives provided by VCs or LPs will continue to have an impact on it.
https://twitter.com/jack/status/1473139010197508098?s=20
Ethereum Exchange Withdrawals Reaches One-Year Low.| Ethereum Exchange Withdrawals Reaches One-Year Low. What is the importance of this?
The CEO’s tweet had been criticized by others in the web3 space.
Dorsey, along with SpaceX CEO Elon Mussull, continued mocking the technology. Musk was also present at the meeting. 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 by TradingView.com
