Cryptocurrency has become so celebrated that it has gained public figures taking sides for their favorite digital currency.
In a recent argument, Jack Dorsey and Marc Andreessen can be seen sharing their opposing views about their preferred cryptocurrencies. Jack has taken the side of Bitcoin while Marc supports Web3.
The trending question is, who will back down and what will happen to both the cryptocurrencies?
Elon Musk initiated this disagreement by mocking Web3 for not being a decentralized cryptocurrency. Web3 is entirely controlled by Andreessen Horowitz, a Venture Capitalist firm that holds a lot of interest in Web3.
Jack Dorsey continued the spate after he realized that he had been blocked by Marc Andreessen on Twitter.
He jokingly published a tweet saying that he had been officially banned from Web3.
Andreessen Horowitz is known for being an advocate of Web3. The spat between Jack Dorsey and Marc Andreessen has also drawn a line amongst the Crypto Community.
When well-known personalities lash out at each other in public, it raises questions about how reliable their holdings really are.
In addition to mocking Marc Andreessen with the I’m officially banned from web3 tweet, Jack Dorsey shared a cartoon that showed a fat guy sitting at the end of a tap with a thin guy sitting below the tap, trying to get a drop of water.
The fat guy in the cartoon shared by Jack Dorsey represented the Venture Capitalist, grabbing all the resources from Web3. The thin guy signified retail investors, trying to claim an equal amount of benefits from their investments.
This cartoon was originally published by @levelsio. It has been retweeted by 697 Twitter users as of now. Jack Dorsey is one of them.
On an unrelated note, Jack Dorsey unfollowed Tyler Winklevoss and Brian Armstrong for being a strong ally of Andreessen Horowitz.
Better than blocking a person, some say and many agree.
Reflection On Self-Interest?
The former Chief Executive Officer of Twitter appears to be taking a strong stand against something that looks to be completely controlled by a VC firm while claiming to be decentralized.
But is it really for the benefit of the Crypto Community or does he feel threatened to face real competition?
If Andreessen Horowitz is an advocate of Web3, then Jack Dorsey is the same for Bitcoin. As per the reports, he tried to push the team to add Bitcoin on Twitter. He is reportedly attempting to do the same for his new venture, Square.
The rise of Web3 belittles his attempts to getting Bitcoin accepted at not just Twitter but also at Square.