What's Hot

    Pavel Lerner, co-founder of the EXMO crypto exchange, was detained in Spain

    03.02.2023

    Key Ripple-Backed XRP Ecosystem Shut Down

    03.02.2023

    Kathy Wood called bitcoin the best financial insurance

    03.02.2023
    Facebook Twitter Instagram
    Friday, February 3
    Facebook Twitter Instagram
    Crypto News
    • Home
    • Bitcoin
    • Ethereum
      • Altcoins
      • ICO
    • Analytics
    • Blockchain
    • Other
      • DeFi
      • Mining
      • Regulators
      • Security
    Crypto News
    Home»Other»Jack Dorsey has been banned by Web3 chief lobbyist on Twitter
    dead76a341b34aa27f1165df166175dd0398c9a2
    Other

    Jack Dorsey has been banned by Web3 chief lobbyist on Twitter

    AdministratorBy Administrator25.12.2021No Comments4 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Reading time: ~ 2 m


    Mark Andreessen tweeted the founder of the social network, Jack Dorsey, who criticized the concept of Web3

    The founder of one of the largest venture capital funds a16z, Marc Andreessen, has blocked the Twitter account of Jack Dorsey on the social network. Dorsey wrote about this on his Twitter page. What exactly caused the blockage remains unclear. However, earlier, the founder of the social network criticized the idea of ​​Web3, calling it “a centralized object under a new wrapper.”

    What happened at all?

    According to the former head of Twitter, users “do not own Web3.” However, the same cannot be said for venture capitalists and their sponsors. Technology will never escape investor investment, Dorsey warned. Andreessen did not seem to like such words, since the very next day after the tweet, Dorsey announced that the founder of a16z had blocked it.

    Join our Telegram channel to keep abreast of the main trends in the crypto market.

    Andreessen is known as one of the main lobbyists for Web3. For example, Meta previously announced plans to leverage blockchain and cryptocurrency developments within Web3. Andreessen sits on the Meta board of directors. He is also a key figure in the crypto exchange Coinbase, which, for obvious reasons, also pursues the ideology of the third generation of the Internet.

    In early December alone, a16z invested $ 36 million in Web3 developer Mysten Labs. As part of the initiative, a16z even created a special unit a16z crypto, which has more than 50 employees.

    What is Web3?

    Hard to say. According to the wording of the term on Wikipedia, Web3 is it is the decentralization of the internet based on blockchain technology. The concept is often contrasted with Web2, in which data and content are centralized by a small group of companies.

    But in reality, there are no clear Web3 solutions yet. However, supporters of ideology argue the opposite. In their opinion, third-generation solutions are already actively working. These include the Brave browser, Steemit, EOS and others.

    Jack Dorsey has been banned by Web3 chief lobbyist on

    But there is a catch here. Many of the above projects have already come under fire in one way or another due to opaque methods of product management or even centralization. For instance, in February 2020, the TRON Foundation bought out the blockchain-based Steem startup Steemit.com… By acquiring the startup, ex-TRON CEO Justin Sun also gained access to a huge amount of mined STEEM tokens.

    Due to the fact that STEEM tokens are voting method according to the decisions critical for the Steem blockchain, the main holders were, of course, the exchanges, and earlier TRON also bought out the Poloniex exchange. Prior to the purchase, Steemit was also repeatedly accused of censorship.

    Moreover, in June of the same year, the Brave browser came under criticism, which unilaterally injected attributes to Binance urls without user permission. Later, the head of Brave apologized, but said that such initiatives are due to the need to keep the business running.

    But what about decentralization?

    Any open source blockchain project can be copied. In industry parlance, this is called a fork. For example, the Binance Smart Chain blockchain is a fork of Ethereum, and SushiSwap is a fork of Uniswap.

    But copies of originals are far from always able to withstand the competition. For example, earlier the technical director of SushiSwap threatened to leave the project altogether, since he receives little for his work. Later, the project community itself wanted to get rid of it.

    1640430065 334 Jack Dorsey has been banned by Web3 chief lobbyist on

    Source: messari.io

    The centralization of power in cryptocurrency projects has long been the norm. For example, as you can see in the graph above, many blockchain projects conduct closed sales to a limited circle of investors before issuing tokens. Subsequently, it is the centralized groups that make key decisions on the development of the project.

    Disclaimer

    All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website.




    #Jack #Dorsey #banned #Web3 #chief #lobbyist #Twitter

    Banned chief Dorsey Jack lobbyist Twitter Web3
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar of Administrator
    Administrator

    Related Posts

    Twitter Suspends Doge Tipping Tool

    03.02.2023

    I am a very boring guy who spends time on books, not people

    03.02.2023

    OpenSea figured out how to prevent NFT tokens from being laundered

    03.02.2023

    Mastercard quits NFT CEO due to harassment and emotional stress

    03.02.2023
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts
    • Pavel Lerner, co-founder of the EXMO crypto exchange, was detained in Spain
    • Key Ripple-Backed XRP Ecosystem Shut Down
    • Kathy Wood called bitcoin the best financial insurance
    • ​User paid a fee of $32,000 for a transfer on the Ethereum network
    • Twitter Suspends Doge Tipping Tool
    Recent Comments
    • 수원출장 on A professor from a US university restored the Tornado Cash code to GitHub
    • 123 on Taproot support added to LND Lightning client
    • houston junk car buyer on 16,000% increase in social media mentions in 2021 Shiba inu
    • Jim Carrey Memy on Bitwise Launches NFT Tracking Index Fund
    • hotshot bald cop on Kava developers launch testnet with EVM support
    Archives
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    Categories
    • Altcoins
    • Analytics
    • Bitcoin
    • Blockchain
    • Ethereum
    • ICO
    • Mining
    • Other
    • Regulators
    • Security
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo
    Facebook Twitter Instagram Telegram
    • Home
    • Bitcoin
    • Ethereum
    • ICO
    © 2023 Bt-Crow.com - CryptoNews

    Type above and press Enter to search. Press Esc to cancel.