Ethereum alone is not enough to disrupt Big Tech: Jack Dorsey


The Twitter CEO and avowed Bitcoin (BTC) maximumist Jack Dorsey does not allow Ether (ETH) fans an inch. In his latest casual comment on the market’s second largest cryptocurrency, Dorsey downplayed the platform’s potential for single-handedly shaking up the status quo in big tech:

Dorsey’s comment followed an online discussion of the usefulness of fully integrating non-fungible tokens (NFT) into Twitter, which Twitter user Seyitaylor argued would benefit Ethereum more than the social media site.

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Dorsey agreed that such a move would be more momentous for the Ethereum ecosystem than for his own platform, but added: “Any account on Twitter can, however, be linked to a Lightning wallet …”

Despite Twitter’s previous attempts at the world of NFTs – and Dorsey’s own use of the technology to raise money for charity – Dorsey has remained a staunch Bitcoin advocate, much to the frustration of both Ether ambitious and less sectarian crypto fans .

When a Twitter user replied to Dorsey’s comments and urged him to explain, “Then why does ETH hate when there’s room for more than one piece of the puzzle?” Dorsey replied that “focusing on one thing is not hating the other. I have expressed my concerns to others compared to Bitcoin. The most important are founding principles, security and centralization. “

Related: No, Jack Dorsey is not trolling ETH by making his logo the Ethiopian flag

In another Twitter thread, Garry Tan explored the “secret” of Dorsey’s single-minded engagement with Bitcoin, which Timothy Kim proposed as the veteran crypto’s promise to serve as “healthy money,” which he believes is “critical,” ” especially for the “globally disadvantaged.” Dorsey joined the discussion to agree, claiming that he is in Bitcoin “to fix the money,” adding that he is “not trolling.”

In another thread revolving around the same topic, Dorsey denied claims that he deliberately cast shadows on Ethereum and made it clear that for him “decentralization is not an end goal” […] it’s just a way to fix the money. ”Elsewhere on Twitter, Dorsey said that while he agreed with the spirit of the NFTs, his advocacy of Lightning in this regard had nothing to do with them, but rather with“ enabl “.[ing] a currency for the Internet. “

This is a long-standing motto of Dorsey, who has been arguing over and over again since at least 2018 that Bitcoin will be the sole currency of the Internet.