Elon Musk, CEO of Tesla and SpaceX, made it clear Wednesday why he has a preference for the cryptocurrency dogecóin, which he has supported numerous times.
This week, the former CEO of Twitter, Jack Dorsey, sparked a controversy on social networks after he criticized Web3 or Web 3.0, the idea of a new generation of Internet that contrasts for the decentralization of information, claiming that in its essence also represents “a centralized entity with a different label“.
In a comment thread, users accused Dorsey of bias, as Web3 is based on ethereum and not bitcoin, which recently received support from the former Twitter boss. For his part, Dorsey assured that he has nothing against ethereum, although he opposes centralized systems and controlled by “corporate lies“.
“I mean my goal is to build things, make money and have fun. I am used to the corporate establishment and I don’t see any significant departure from it. Bitcoin only empowers the nouveau riche“, interjected the creator of the dogecóin, Shibetoshi Nakamoto.
“That’s why I support Doge“, Musk responded quickly.
On the @lexfridman podcast, @elonmusk says that #Dogecoin #cryptocurrency is “fundamentally better than anything else I’ve seen, just by accident” $DOGE pic.twitter.com/10iITlcPoY
— 💸💸💸 (@itsALLrisky) December 28, 2021
In a parallel response, Dorsey said that it is actually possible to get away from the corporate establishment thanks to bitcoin. “No wealthy person or institution has more on Bitcoin than anyone else. There have been attempts in the past but they failed“, Dorsey said.
A collation of this comment, a netizen recalled that, although no one can exercise power over bitcoin, “a tweet from Elon will make it fall“.
