Debate over Web3

Debate over Web3, Ethereum, and decentralization intensifies

Debate over Web3, Ethereum, and decentralization intensifies and big names are in discussion and choosing sides. Jack Dorsey has cleared his position by saying that he is not anti-ETH, however, anti-decentralized and VC-owned. Elon Musk explained why he’s pro dogecoin.

There is a discussion going on about Web3, Ethereum, and decentralization. In this discussion, big names like former Twitter CEO Jack Dorsey, Tesla Boss Elon Musk, and Doge founder Billy Markus are participating. The debate over Web3 became really interesting when Jack Dorsey raised his concern over Web3 being owned by a venture capitalist. The Founder of DOGE wrote in response that he aims to build stuff, make money, and have fun. He also said that he doesn’t see any meaningful break away from corporate establishment.

Debate over Web3, Ethereum, and decentralization intensifies:

Markus went on to say that Bitcoin gives power to the rich people and Musk joined this discussion by saying that this is the reason why he is pro-Dogecoin. 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.”

Debate over Web3

Musk and Dorsey have boldly criticized the Web3 this week. The debate over Web3 intensified when Musk explained in a tweet that Web3 seems like a marketing buzzword than reality. He then went on to say that has anyone seen Web3? I can’t find it. Due to this discussion about Web3, Jack was banned by Marc Andreessen.

Read more here.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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