Economy
Elon Musk Reveals Why He’s Pro Dogecoin Amid Debate Over Web3, Ethereum, Decentralization
Tesla and Spacex CEO Elon Musk has explained why he’s pro dogecoin as the debate over web3, Ethereum, and decentralization intensifies. In the same conversation, former Twitter CEO Jack Dorsey insisted that he is not anti-ETH. “I’m anti-centralized, VC-owned, single point of failure, and corporate-controlled lies,” he stressed..
Elon Musk Shares Why He’s Pro Doge
Elon Musk’s Doge explanation came as he and dogecoin co-creator Billy Markus joined a Twitter thread about web3 and Ehtereum involving Jack Dorsey. The former Twitter CEO raised concerns this week about web3 being owned by venture capitalists (VCs).
Markus wrote: “My goal is to build stuff and make money and have fun. I’m used to the corporate establishment and don’t really see any meaningful break away from it ~ bitcoin just gives power to new rich people.” Musk replied, “That’s why I’m pro Doge.”
In the same thread, Dorsey clarified: “I’m not anti-ETH. I’m anti-centralized, VC-owned, single point of failure, and corporate-controlled lies. If your goal is anti-establishment, I promise you it isn’t Ethereum. Don’t believe or trust me! Just look at the fundamentals.”
Musk and Dorsey independently voiced concerns over web3 this week. Musk tweeted: “I’m not suggesting web3 is real – seems more marketing buzzword than reality right now.” He then followed up with another tweet: “Has anyone seen web3? I can’t find it.” In early December, he wrote, “Web3 sounds like bs.”
The Tesla boss is a huge supporter of the meme cryptocurrency dogecoin. He is even known in the crypto community as the Dogefather. He personally owns dogecoin in addition to bitcoin and ether.
Musk, who has been named Time Magazine’s Person of the Year, announced last week that Tesla will accept DOGE for payments. He sees bitcoin as a store of value and DOGE as the best cryptocurrency for transactions.
In October, Musk revealed a different reason why he decided to support dogecoin. “Lots of people I talked to on the production lines at Tesla or building rockets at Spacex own Doge. They aren’t financial experts or Silicon Valley technologists. That’s why I decided to support Doge — it felt like the people’s crypto,” he explained
Several men accuse Diddy of r@p!ng them @n@lly in new wave of lawsuits
“US approving Ukraine to use missiles against Russia a big mistake” – Turkish president Erdogan
Lady cries out as she discovers her boyfriend of 11 months secretly infected her with HIV (Video)
Wizkid’s sister blows hot after being dragged for comparing brother to Albert Einstein
Four boys banished for life from upper-Benin over alleged g@y act (Video)
Trump announces plan to use military for mass deportation of Nigerians and others
Mixed reactions as singer Wizkid gives his colleague Davido a nickname
“Tinubu Has A Better Policy Document Than Peter Obi, Atiku” – Doyin Okupe says
-
News2 days ago“Tinubu Has A Better Policy Document Than Peter Obi, Atiku” – Doyin Okupe says
-
Crime2 days agoFive soldiers k!lled, 10 wounded and four missing as Boko Haram attacks troops in Borno
-
Celebrity Gossip & Gist2 days ago“FC dey do too much” – Video of a Wizkid die-hard fan bathing with a JBL speaker as he dances to the singer’s hit song “Dance” stirs the internet (Watch)
-
Lifestyle2 days ago17-year-old Delta student allegedly ass@ulted and locked inside dog cage by his female classmate’s father and brothers for visiting her