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Ex-Twitter Boss Jack Dorsey Stirs Uproar With Post On Web3

Posted on the 22 December 2021 by Geetikamalik
Read Time:1 Minute, 39 Second

Fresh Releasing Chief Executive Reins Twitter Inc., fans of Bitcoin Jack Dorsey have been taken to the services he founded together to voice his displeasure with what is called Web3 technology and the involvement of venture capital companies such as Andreessen Horowitz.
Web3, the terms that are still blurred for blockchain-based decentralized systems and technology are intended to replace the internet as we know, have gathered a lot of attention and funds this year, with Andreessen Horowitz is among the hardest cheerleaders. Trade of non-fungibel tokens, or NFT, on the Ethereum Blockchain and Solana have become the most visible manifestation, with many companies that are now investing in decentralized application development and games for the platform.

“You don’t have a ‘web3’,” Tweeted Dorsey. “VC and LPS they do it. It will never be separated from their incentives.”

The post draws more than 16,000 likes and thousands of retweet. Many push back with comments like “very disagree” and “dead wrong,” although many other people lie with support.

Tesla Inc. Elon Musk’s head was included in the discussion by asking if anyone saw Web3, where Dorsey answered “it was somewhere between A and Z,” hinted that it was held under the control of the VC company founded by Marc Andreessen and Ben Horowitz, generally contracted to A16Z.

Previously on that day, Dorsey, who was Block Inc. The company includes a spiral, a project “aims to make the Bitcoin of the planet’s preferred currency,” Tweeted in response to Cardi B artist who will replace the US dollar. Tweet circuit and response from Twitter boss on Monday evokes disagreement and arguing about this service, with general partners A16z Chris Dixon offering olive branch by saying he is a “big fan” from Dorsey and “hope we can finally bring him around to et and other blockchains Of course. “

“It is very important that we focus our energy on truly safe and resilient technology possessed by mass people, not individuals or institutions,” Dorsey answered.

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The post Ex-Twitter Boss Jack Dorsey Stirs Uproar With Post On Web3 first appeared on Businessely.com.


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