Forsige
Cryptocurrency

Ethereum is not powerful enough to disrupt Big Tech

Ethereum is not powerful enough to disrupt Big Tech, Jack Dorsey

Ethereum may be worth more to the holders and probably the founders than it is to Jack Dorsey, because to the CEO of Twitter, it is absolutely worth not paying too much attention.

With his casual statement on Twitter, Jack Dorsey has once again dismissed the crypto market’s most important altcoin, Ether (ETH). According to the statement, “disrupting ‘Big Tech’ is exactly what’s needed and what he (Jack Dorsey) wants.”

Following Jack Dorsey’s recent comment, Twitter users floated over the flood of discussions about the usefulness of nonfungible tokens (NFT) for Twitter. According to one Twitter account, the use of NFT integration would benefit Ethereum more than Twitter.

On another comment, a Twitter user pressed him to explain why he hates ETH when the coin has potential and there is room for more than one piece of the puzzle, to which he replied that supporting and focusing on one thing does not result in hatred.

Jack Dorsey did not deny the fact and agreed on the benefits that such a move could bring to Ethereum, but he added, “Every account on Twitter being able to link to a Lightning wallet, however…”

It is well known that Twitter has participated in various NFT-related activities, and Jack Dorsey himself has used the technology to raise charity, but he has remained a staunch Bitcoin supporter while breaking the hearts of Ether fans.

In a similar thread of discussion, Dorsey declined claims that he was intentionally being negative about Ethereum and clarified by commenting, “decentralization isn’t an end goal […] it’s just one method of fixing the money.”

Jack Dorsey has repeatedly stated that Bitcoin is the only currency that will last forever. Unlike many Bitcoin supporters, who believe that Ethereum will give Bitcoin a run for its money in the coming days, Dorsey has always been wary of investing in altcoins. This viewpoint has sparked a feud between Twitter CEO Jack Dorsey and Elon Musk, CEO of Tesla and SpaceX.

Elon Musk was certain to be in the domain of sustainable energy and has criticized the amount of electricity consumed by Bitcoin mining and has been an outspoken supporter of Dogecoin, which is thought to be more environmentally friendly than Bitcoin.

More Stories

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Homepage for World Breaking News

Forsige uses cookies to improve your experience. Are you OK with this? You can opt-out if you wish. Accept Read More

Privacy & Cookies Policy