No, Jack Dorsey, venture capital will not run Web3
Jack Dorsey’s vision of Web3 as a VC coup against the established tech royalty is not that simple and things may not be as clear-cut. In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of the 21st century.Jack Dorsey, Twitter’s ex-CEO and Bitcoin (BTC) aficionado, is not a big fan of Web3 — or at least of what its grand vision is shaping up to be. Users won’t own the next iteration of the internet, he asserts again and again.....
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Former Twitter CEO Jack Dorsey has ignited a debate about web3 after Tesla CEO Elon Musk criticized it. Dorsey warned of the risks from centralization, emphasizing that web3 is owned by venture capitalists (VCs), hiding under the premise of decentralization. “I’m concerned to see ‘the industry’ be distracted under false pretenses when we could all be working on things that have a chance at fixing the real issues,” Dorsey wrote. Jack Dorsey Says Web3 Is Owned by VCs, Tells Elon Musk ‘It’s Somewhere Between A and Z’ Jack Dorsey and....
Twitter boss Jack Dorsey kicked off a major storm this week, attacking an idea that cryptocurrency enthusiasts widely believe will lead to a new dawn for decentralized finance and the internet – the coming of web3. Proponents of web3 hail it as a major revolution of the internet, bringing back control and ownership of information and assets exchanged over the web to the people. With that promise, it will also kill off the role of many of the giants that dominate the Internet today – namely the likes of Facebook, YouTube and Twitter. But Dorsey suggested in a tweet – which....
Jack Dorsey's controversial views about venture capital and Web 3.0 triggered a flurry of responses on Twitter this week. When you're no longer at the helm of a publicly-traded company, you have more leeway to express controversial views. Former Twitter CEO Jack Dorsey took to social media this week to express his discontent over venture capital's role in Web 3.0. Some of his Twitter followers agreed with his views, others disagreed and some even blocked him entirely. Below is the concise version of the latest “Crypto Biz” newsletter, which is sent to your inbox every Thursday. For a....
Bitcoin supporter Jack Dorsey announced a web platform called Web5, a combination of the centralized internet Web 2 and the decentralized internet dubbed Web3. The product is part of Square’s subsidiary TBD which attempts to create a suite of BTC-based tools to transform the financial system. Related Reading | Is New York the Worst Place For […]
Jack Dorsey, CEO of Twitter, hinted at the possibility of integrating Lightning Network into Twitter yesterday. Dorsey answered a Tweet of a follower saying it was “just a matter of time” for this to be a fact. Dorsey is a big Bitcoin proponent and has extended Bitcoin functionality to another of his companies, Square. Jack Dorsey Hints at Twitter/Lightning Network Integration Jack Dorsey hinted yesterday at the possibility of integrating Lightning Network into Twitter. Dorsey stated it was “only a matter of time” for this to happen, answering a follower’s....