Jack Dorsey, co-founder of Twitter, who left the company to move the payments company block to Bitcoin, has built a reputation as a so-called Bitcoin maximalist.
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Ethereum prices fluctuated significantly last year, but have risen by about 30% compared to this time last year, and even after the underlying Ethereum upgrade is delayed again, Bitcoin and many other majors. Cryptocurrency remains.
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Currently, Dorsey has launched a bitter attack on Ethereum, warning that there are “many single points of failure” and calling Ethereum-based projects “uninteresting.”
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Former Twitter CEO Jack Dorsey has emerged as one of Bitcoin’s strongest advocates .. .. [+]
Associated Press
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“I’m not interested in building on Ethereum because it has at least one single point of failure,” in response to a post from Deso, formerly known as a crypto-based social network. , Dorsey said on Twitter. As BitClout.
“I don’t believe that individuals or institutions should own social media, or more generally media companies,” Dorsey said in the first half of the thread. [based on] An open and verifiable protocol. “
This discussion was triggered by a tweet from Ethereum co-founder and project spiritual leader Vitalik Buterin. He was involved in Elon Musk’s attempt to acquire Twitter.
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“Don’t object to Earon running Twitter (at least compared to the status quo),” Buterin posted, and I don’t like the idea that wealthy people, organizations, and governments buy social media companies. He added. “Same,” Dorsey replied.
At the Bitcoin 2021 conference in Miami last year, Dorsey said, “Bitcoin will completely change everything,” he added, “I don’t think it’s more important in my life.”Before quitting Twitter, he said, “If I wasn’t in the square [now Block] Or Twitter, I would be working on Bitcoin. “
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Ethereum prices have skyrocketed 30% compared to last year, surpassing Bitcoin and many other products. .. .. [+]
Coinbase
Similar smart contract blockchains like Ethereum, including its biggest rivals BNB, Solana, Cardano and Avalanche, are different from Bitcoin despite being based on similar technology. Bitcoin supplies a finite amount of 21 million coins, with an emphasis on decentralization, and is gaining a reputation as a “digital gold”. Meanwhile, Ethereum and others are trying to build the foundation of the blockchain-based Internet. It became known as web3.
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Dorsey, who said Brock would never invest in Ethereum, had previously criticized the idea of web3, claiming that he was overly dependent on venture capital cash and not owned by “people.”
“I’m officially banned from web3,” Dorsey posted on Twitter last December in response to being blocked by renowned venture capitalist Marc Andreessen, a prominent web3 investor.
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