Tesla CEO weighs in on the discussion initiated by Jack Dorsey about Web3 and decentralization; Musk talked about Dogecoin again, opposing Bitcoin and Web3.
Elon Musk joined the controversy in a recent tweet thread launched against Jack Dorsey by Rug Radio founder and entrepreneur Farokh Sarmad. The topic was about Web3 technology.
https://twitter. com/elonmusk/status/14739141935270770770
Musk Thinks Bitcoin Powers The Rich
Elon Musk joined the tweet of Billy Markus, co-founder of Dogecoin, about Bitcoin empowering only wealthy people. Tesla CEO and the most influential Dogecoin fan also expressed that he supports DOGE precisely for this reason.
As it is known, Musk has stated many times in the past that DOGE is the “people’s cryptocurrency”. A few days ago, Musk suggested that Web3 might not be as revolutionary as investors and the general public expected.
Ethereum Review by Jack Dorsey
Earlier this week, Twitter founder and former CEO Jack Dorsey positioned Web3 technology as something owned and therefore centralized by venture capitalists in Silicon Valley.
Dorsey initially denied being anti-ETH, saying he was only against centralization and “corporate-controlled lies.”