Jack Dorsey: Ethereum alone cannot disrupt big tech
Twitter CEO Jack Dorsey and Bitcoin maximalist is rising skeptical about Ethereum. In his newest touch upon the second largest cryptocurrency on the market, Dorsey downplayed the platform’s potential to disrupt Big Tech:
Disrupting “Big Tech” is strictly what I would like and what I need.
But no know-how alone will do it.
– jack⚡️ (@jack) August 12, 2021
However, no single technology can do this on its own.
Dorsey’s comment comes after an online discussion of the usefulness of a large-scale integration of non-fungible tokens (NFTs) into Twitter, which user Seyitaylor believes will be of more use to Ethereum than Bitcoin.
Dorsey agrees that such a move would have more ramifications for the Ethereum ecosystem than for the Twitter platform, but Dorsey does Say more:
“However, every account on Twitter can be linked to the Lightning Wallet …”
Despite the actual fact Twitter beforehand made the world of NFT. examined – and was Dorsey himself Use this know-how to lift cash for charity The CEO stays a staunch Bitcoin proponent, a lot to the chagrin of each Ether followers and a handful of different crypto followers.
If a Twitter person needs to Dorsey clarified: “Why hate ETH when there are many solutions to a puzzle?”
reply from Dorsey is:
“Focusing on one factor does not imply hating the opposite. I’m conscious that my solely curiosity is in every part Bitcoin-related. The key’s the rules of setup, safety and centralization. “
In a Twitter thread, Garry Tan tried to uncover the “secret” of Dorsey’s solely preoccupation with Bitcoin. In the feedback part, Timothy Kim Offer is “healthy money”, which he believes is “important, especially for disadvantaged people around the world”. Dorsey additionally joined the dialogue and agreed with this view, claiming that he was utilizing Bitcoin “to fix the currency,” and emphasize that he wasn’t kidding.
On one other thread was Dorsey rejected acknowledged that he was intentionally teasing Ethereum, making it clear that for him “decentralization is not the end goal, it is just a method to freeze money”. In one other growth, Dorsey said While he agrees with the spirit of the NFTs, his help for Lightning on this context has nothing to do with it, however goals to “enable a currency for the Internet”.
This is Dorsey’s long-standing motto, having argued repeatedly since 2018 that Bitcoin would be the solely forex on the Internet, satisfied of King Coin and unwilling to put money into Altcoins.
According to Cointelegraph