Tesla CEO Elon Musk Reveals Why He is Professional Dogecoin Amid Debate Over Web3, Ethereum, Decentralization – Bitcoin Information – Bitcoin Information

Elon Musk, CEO of Tesla and Spacex, has explained why he’s a Pro-Dogecoin as the debate about Web3, Ethereum and decentralization intensifies. In the same conversation, former Twitter CEO Jack Dorsey insisted that he is not against ETH. “I’m anti-centralized, owned by VC, single point of failure and corporate-driven lies,” he said.

Elon Musk shares why he’s a Pro Doge

Elon Musk’s Doge statement came when he and Dogecoin co-creator Billy Markus joined a Twitter thread about web3 and ethereum that Jack Dorsey was involved in. The former Twitter CEO raised concerns this week that web3 is owned by venture capitalists (VCs).

Markus wrote: “My goal is to build things, make money and have fun. I’m used to the corporate establishment and don’t see any real break with it – Bitcoin just gives new rich people power. “Musk replied,” That’s why I’m Pro Doge. “

Tesla CEO Elon Musk Reveals Why He's Pro Dogecoin Amid Debate Over Web3, Ethereum, and Decentralization

In the same thread, Dorsey clarified, “I’m not anti-ETH. I’m anti-centralized, owned by VC, single point of failure, and company controlled lies. If your target is anti-establishment I promise you it is not Ethereum. Do not believe me and do not trust me! Just look at the basics. “

Musk and Dorsey independently raised concerns to web3 this week. Musk tweeted, “I’m not claiming that Web3 is real – seems more of a marketing buzzword than reality at the moment.” Then followed another tweet: “Has anyone seen web3?” I can’t find it. “At the beginning of December he wrote:” Web3 sounds like bs. “

The Tesla boss is a big supporter of the meme cryptocurrency Dogecoin. He’s even known as the dogefather in the crypto community. In addition to Bitcoin and Ether, he also personally owns Dogecoin.

Musk, named Person of the Year by Time Magazine, announced last week that Tesla will accept DOGE for payments. He sees Bitcoin as a store of value and DOGE as the best cryptocurrency for transactions.

In October, Musk revealed another reason why he chose to support Dogecoin. “I spoke to a lot of people on the production lines at Tesla or when building rockets at Spacex’s own Doge. You’re not a Silicon Valley financial expert or a technologist. That’s why I decided to support Doge – it felt like the people’s cryptocurrency, “he explained.

Tags in this story

Billy Markus, Bitcoin, Decentralization, Doge, Dogecoin, Dogefather, Elon Musk, Elon Musk Bitcoin, Ethereum, Jack Dorsey, Pro Doge, Tesla CEO, Tesla Doge, Tesla Dogecoin, Twitter CEO, VCs, Web3, Web3 Debate

What do you think of Musk’s Dogecoin comment and the web3 debate? Let us know in the comment section below.

Kevin Helms

Kevin, a student of Austrian economics, found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the interface between economy and cryptography.

Photo credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement for any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on the content, goods or services mentioned in this article.

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