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Twitter founder attacks ETH again

2 min read

Twitter’s CEO and big cryptocurrency fan, Jack Dorsey, has once again expressed skepticism about ETH. In his latest statement, he expressed himself quite inappropriately on the margin of the second largest cryptocurrency, when he threw away the potential of a platform which, in his opinion, does not have enough strength to penetrate the world of social networks.

Dorsey spoke in an online discussion discussing the integration of NFT non-football tokens into Twitter. In essence, Dorsey agreed that such a move would certainly have a positive impact on ETH.

Twitter and NFT

Twitter’s previous interventions in the NFT world, and Dorsey’s personal use of the technology for charity, did not affect his opinion. BTC is still in the first place, which basically frustrated ETH fans.

One of the fans wrote on the margin of Dorsey’s hate speech against ETH:

“Then why such hatred for ETH, when there is room for other projects as well?”

Dorsey then replied:

“Focusing on one thing is not hatred of others. I expressed my concerns about others (cryptocurrencies – author’s position) compared to BTC. Security and centralization must continue to be key principles. “

ETH vs. BTC

Dorsey denies allegations that he deliberately threw dirt on ETH. He clarified that decentralization is not its ultimate goal. It is just one of the methods to correct the finances. Dorsey has been claiming since 2018 that BTC will be the only currency to be used on the Internet. He is probably one of the few people who holds this view. Recently, more and more recent analyzes have emerged that ETH will overtake BTC in the near future.

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.
BlackRock (IBIT), the Grayscale Bitcoin Trust (GBTC), Fidelity (FBTC), Ark Invest/21Shares (ARKB), Bitwise (BITB), Franklin (EZBC), Invesco/Galaxy (BTCO), VanEck (HODL), Valkyrie (BRRR), WisdomTree (BTCW), Hashdex (DEFI)

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