Twitter co-founder and Block CEO Jack Dorsey tweeted harsh criticism of Ethereum over the weekend, saying that the blockchain “has many single points of failure” and projects built on Ethereum are “not interesting” to him.
Last summer, he said "no" when someone tweeted that it was “only a matter of time” before the Block CEO invested in Ethereum. A month and a half later, he not-coincidentally shared an anti-Ethereum tweet.
Still, Dorsey’s criticisms of the world’s second-largest cryptocurrency remained obscure—until last weekend.
Buterin wrote that while he is not opposed in principle to Musk taking over Twitter, he fears the move would set a dangerous precedent for less liberal individuals and organizations.
Don't oppose Elon running twitter (at least compared to status quo), but I do disagree with the more generalized enthusiasm for wealthy people/orgs hostile-takeovering social media firms. That could easily go *very* wrong (eg. imagine an ethically-challenged foreign gov doing it) https://t.co/LDqjXh3xCK
Dorsey replied “same” and, in another tweet, added: “I’m [sic] don’t believe any individual or institutions should own social media, or more generally media companies. It should be an open and verifiable protocol. Everything is a step toward that.”
Before leaving Twitter last November, Dorsey had wanted to design a decentralized standard for social media platforms to conform to.
In 2019, he funded an initiative called “Blue Sky,” led by Twitter’s then-CTO Paral Agrawal, to work towards this goal.
In August 2021, Dorsey tapped Jay Graber, creator of events social network Happening, who took over from Agrawal as project lead. Agrawal then became Twitter CEO after Dorsey’s departure.
If you want to read more about how billionaires envision a decentralized and Web3-integrated Twitter, check out yesterday’s Crypto Twitter roundup, where we covered Tron CEO Justin Sun and FTX CEO Sam Bankman-Fried’s suggestions.
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Tokyo Stock Exchange-listed firm Metaplanet just grabbed another 696 Bitcoin (BTC)—its most recent step in a bid to build one of the largest corporate Bitcoin treasuries in the world.
The Japanese investment company said it had acquired the coins as part of its Bitcoin Income Generation strategy, which involves selling put options and using the collateral to purchase Bitcoin at an effective discount, in a statement released Tuesday.
*Metaplanet Purchases Additional 696 $BTC* pic.twitter.com/ppn...
A member of the California State Assembly has introduced an amendment to a recently introduced money transmission bill that would protect the ability of state residents to use cryptocurrencies as a means of payment.
First introduced by Democrat Senator Laura Richardson on February 20 as the Money Transmission Act, the bill had been concerned primarily with requiring digital wallet providers operating in California to “take certain actions” to ensure the security of their products, including the...
OpenAI said Monday it has secured an additional $40 billion in funding to support research and development, as the tech powerhouse looks to strengthen its lead in the artificial intelligence sector.
Japanese conglomerate SoftBank led the funding round, as well as contributions from other investors, including longtime partner Microsoft, OpenAI said in a blog post. Decrypt has reached out to learn more.
OpenAI Plans to Release ‘Open-Weight’ Model with Reasoning Capabilities
The announcement comes...
