Twitter co-founder and Block CEO Jack Dorsey tweeted harsh criticism of Ethereum over the weekend, saying that the blockchain “has many single factors of failure” and initiatives constructed on Ethereum are “not attention-grabbing” to him.
Dorsey isn’t recognized for his Twitter timidity. Final week, he dragged the Robinhood trading app and its CEO, Vladimir Tenev. Earlier than final Christmas, he jumped on a crypto thread by musician Cardi B to lambast Web3 venture capital firms.
Dorsey is a proud Bitcoin maximalist and says all different cryptocurrencies “don’t factor in at all.”
Final summer season, he said “no” when somebody tweeted that it was “solely a matter of time” earlier than the Block CEO invested in Ethereum. A month and a half later, he not-coincidentally shared an anti-Ethereum tweet.
Nonetheless, Dorsey’s criticisms of the world’s second-largest cryptocurrency remained obscure—till final weekend.
Dorsey’s beef with Ethereum
It began with a tweet from Ethereum co-creator Vitalik Buterin.
Buterin referred to Tesla CEO Elon Musk’s current buy of a 9.2% stake in Twitter, which a number of folks, together with Dogecoin co-creator Jackson Palmer, consider might result in a takeover.
Buterin wrote that whereas he isn’t opposed in precept to Musk taking up Twitter, he fears the transfer would set a harmful precedent for much less liberal people and organizations.
Dorsey replied “same” and, in one other tweet, added: “I’m [sic] don’t consider any particular person or establishments ought to personal social media, or extra usually media firms. It needs to be an open and verifiable protocol. All the pieces is a step toward that.”
At this level, Deso, the crypto-powered social community previously referred to as BitClout, jumped on the thread to do some self-promotion.
Jack replied that if DeSo is an Ethereum protocol, he’s not . Luckily for DeSo, it’s not.
Jack Dorsey’s Decentralized Twitter
Earlier than leaving Twitter final November, Dorsey had wished to design a decentralized normal for social media platforms to evolve to.
In 2019, he funded an initiative referred to as “Blue Sky,” led by Twitter’s then-CTO Paral Agrawal, to work in the direction of this purpose.
In August 2021, Dorsey tapped Jay Graber, creator of occasions social community Happening, who took over from Agrawal as venture lead. Agrawal then grew to become Twitter CEO after Dorsey’s departure.
If you wish to learn extra about how billionaires envision a decentralized and Web3-integrated Twitter, take a look at yesterday’s Crypto Twitter roundup, the place we coated Tron CEO Justin Solar and FTX CEO Sam Bankman-Fried’s recommendations.
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