Dorsey’s comments reiterate his “maximalist” stance on Bitcoin and his denial of other digital assets.
The co-founder of Twitter and CEO of Block, who is a strong supporter of Bitcoin, heavily criticized Ethereum this week. In a Monday tweet, Dorsey dismissed Ethereum as saying the platform is “full of flaws” and expressed complete disinterest in projects built on top of the blockchain.
Buterin and Dorsey Agree on Something
The comment did not come in vain. It all started with a post made by the founder of Ethereum, Vitalik Buterin, who referred to billionaire Elon Musk’s proposal to purchase the social media platform Twitter. This subject has given much to talk about about about in the technological sphere in the last week.
The CEO of Tesla recently acquired a 9.2% stake in Twitter. The news was followed by a $41.3 billion offer from the businessman to purchase the company officially.
Buterin said in a tweet that, contrary to popular opinion, he is not entirely opposed to the idea of Musk running Twitter. However, he indicated that he fears the dangers that very wealthy entities could take power over social media companies. The comment was, in turn, a response to a tweet by economist Robin Hanson.
Dorsey, who stepped down as Twitter CEO last year, agreed with Buterin. He tweeted that he does not think any individual or institution should get control over social media or media companies. Media companies should be an open and verifiable protocol.
“I am not interested in [Ethereum].”
The discussion did not end there, as it was followed by a response from the Twitter account of DeSo, a new blockchain-based decentralized social network project. The project added that it spent years working to solve all the struggles regarding social media and data centralization.
It was there that Dorsey gave its response by criticizing Ethereum. In his response, he highlighted that if DeSo is an Ethereum-based protocol, he is not interested. Luckily for the project, it is not based on that blockchain, which could stress that Dorsey already intended to speak against ETH to get Buterin’s attention.
Other industry representatives also joined the debate, including Binance CEO Changpeng Zhao’ CZ’, who questioned whether this is not just how capitalism operates. He also said he believes “there is more than meets the eye” to Elon Musk’s takeover bid for Twitter.
Blue Sky, the Decentralized Sector of Twitter
Someone even asked Dorsey if this vision for social media wasn’t precisely what Blue Sky, a Twitter wing Dorsey created while he was still with the company, was pursuing, to which he replied that Twitter is not the owner. So a new owner of Twitter wouldn’t be relevant for some time. The funding would have to get reassessed. It’s been slow, but this is a new protocol in an open state.
Before leaving Twitter in November of last year, Dorsey worked hard to create a standard for social media platforms to follow more decentralized models. The initiative in question, Blue Sky, got started in 2019 and is currently led by Jay Graber, who previously contributed to the Zcash privacy coin project.
By: Jenson Nuñez
