Picture of Jack Dorsey

Twitter ex-CEO Jack Dorsey has admittedly by no means been a fan of Ethereum and has been fairly open about his stance on the cryptocurrency. Dorsey has at all times been a Bitcoin maximalist by way of and thru, exhibiting assist for the pioneer cryptocurrency at each flip. Even going so far as stepping down as Twitter CEO to focus extra on Block, a enterprise which focuses solely on constructing with bitcoin.

Regardless of being vocal about not being a supporter of ethereum, Dorsey does get requested a good bit what he thinks concerning the asset and the blockchain as a complete. It’s one among these situations that led Dorsey to as soon as once more present that he doesn’t assist the digital asset.

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Dorsey Does Not Assist Ethereum

With Dorsey focusing all of his power on constructing with bitcoin, others have introduced up the potential of the Block CEO integrating different blockchains into his work. A Twitter person by the title of cdixon as soon as once more posed the potential of the CEO to work with ethereum and different blockchains, stating that there have been different purposes of cryptocurrencies that might require different chains.

Dorsey had responded to the tweet with a transparent and concise tweet. The tweet, as soon as once more, leaned drastically in direction of assist for bitcoin because the CEO defined that solely safe and resilient applied sciences ought to be used, alluding to the centralized nature of the ethereum blockchain.

“I imagine in you and your capability to know programs. It’s important we focus our power on actually safe and resilient applied sciences owned by the mass of individuals, not people or establishments. Solely that basis will present for the purposes you allude to.”

ETH worth falls under $4,000 | Supply: ETHUSD on TradingView.com

Coming For Web3

Dorsey’s tirade in opposition to centralized programs didn’t finish with the ethereum blockchain. Web3, the brand new child of the progressive expertise house, additionally drew criticism from the CEO. He tweeted saying that customers didn’t truly personal web3. As an alternative, that it belonged to the VCs and the LPs who’re at the moment investing closely within the house. Alluding to the truth that the incentives of those VCs and LPs will at all times influence it.

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The tweet itself had drawn criticism from these concerned within the web3 house who poured out to counter the views of the CEO.

Dorsey went on to additional mock the expertise alongside SpaceX CEO Elon Musk. Becoming a member of the dialogue, Musk had tweeted saying, “Has anybody seen web3? I can’t discover it.” To which Dorsey had mockingly replied that “It’s someplace between a and z.”

Featured picture from Ripples Nigeria, chart from TradingView.com