{"id":139078,"date":"2021-12-22T07:39:58","date_gmt":"2021-12-22T07:39:58","guid":{"rendered":"https:\/\/www.techweekmag.com\/?p=139078"},"modified":"2021-12-22T07:39:58","modified_gmt":"2021-12-22T07:39:58","slug":"former-twitter-head-jack-dorsey-criticized-web-3-0-as-the-property-of-venture-capitalists","status":"publish","type":"post","link":"https:\/\/www.stereoindex.com\/tech\/technology\/former-twitter-head-jack-dorsey-criticized-web-3-0-as-the-property-of-venture-capitalists\/","title":{"rendered":"Former Twitter head Jack Dorsey criticized Web 3.0 as the property of venture capitalists"},"content":{"rendered":"<p>The founder and ex-head of Twitter, Jack Dorsey,\u00a0<a href=\"https:\/\/twitter.com\/jack\/status\/1473139010197508098\">erupted in criticism<\/a>\u00a0of the concept of Web 3.0, which should be based on decentralization and the absence of a single body of control and censorship.<\/p>\n<blockquote><p>You don&#8217;t own web3.\u00a0It belongs to venture capitalists and their partners.\u00a0This cannot be avoided.\u00a0Ultimately, it is just a centralized entity with a different name.\u00a0Know what you are getting yourself into &#8230; &#8211; wrote Dorsey on his Twitter.<\/p><\/blockquote>\n<p>The post of the founder of the social network caused a heated discussion among users, and many did not agree with him.\u00a0One of the most stellar Twitter followers who responded to criticism of Web 3.0 was\u00a0<a href=\"https:\/\/twitter.com\/elonmusk\/status\/1473165434518224896?s=20\">Elon<\/a>\u00a0Musk, who\u00a0<a href=\"https:\/\/twitter.com\/elonmusk\/status\/1473165434518224896?s=20\">asked<\/a>\u00a0: \u201cHas anyone seen web3?\u00a0I can not find him&#8221;.<\/p>\n<p>Dorsey\u00a0<a href=\"https:\/\/twitter.com\/jack\/status\/1473165759224463360?s=20\">told<\/a>\u00a0Musk that he was looking \u201csomewhere between a and z,\u201d hinting at the venture capital firm a16z, founded by Mark Andreessen and Ben Horowitz.<\/p>\n<p>Chris Dixon, a16z partner,\u00a0<a href=\"https:\/\/twitter.com\/cdixon\/status\/1473159243033313284\">intervened<\/a>\u00a0in the conversation\u00a0, who expressed his hope to attract Dorsey to Ethereum and other blockchains:<\/p>\n<blockquote><p>Bitcoin is great as digital gold, but there are other important applications that require different chains, Dixon noted.<\/p><\/blockquote>\n<p>To which Dorsey\u00a0<a href=\"https:\/\/twitter.com\/jack\/status\/1473161753106210823?s=20\">replied<\/a>\u00a0that it is important to focus on technologies that can actually help people, and not be owned by individuals or companies.<\/p>\n<p>At the end of November, Jack Dorsey\u00a0<a href=\"https:\/\/t.me\/d_code\/12957\">stepped down<\/a>\u00a0from his post as CEO of Twitter, and was replaced by Parag Agrawal, who previously worked as CTO of the social network.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The founder and ex-head of Twitter, Jack Dorsey,\u00a0erupted in criticism\u00a0of the concept of Web 3.0, which should be based on decentralization and the absence of a single body of control and censorship. You don&#8217;t own web3.\u00a0It belongs to venture capitalists and their partners.\u00a0This cannot be avoided.\u00a0Ultimately, it is just a centralized entity with a different [&hellip;] <a class=\"g1-link g1-link-more\" href=\"https:\/\/www.stereoindex.com\/tech\/technology\/former-twitter-head-jack-dorsey-criticized-web-3-0-as-the-property-of-venture-capitalists\/\">More<\/a><\/p>\n","protected":false},"author":10404,"featured_media":139079,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[805],"tags":[779],"class_list":{"0":"post-139078","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-technology","8":"tag-news"},"acf":[],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.stereoindex.com\/tech\/wp-json\/wp\/v2\/posts\/139078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.stereoindex.com\/tech\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.stereoindex.com\/tech\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.stereoindex.com\/tech\/wp-json\/wp\/v2\/users\/10404"}],"replies":[{"embeddable":true,"href":"https:\/\/www.stereoindex.com\/tech\/wp-json\/wp\/v2\/comments?post=139078"}],"version-history":[{"count":0,"href":"https:\/\/www.stereoindex.com\/tech\/wp-json\/wp\/v2\/posts\/139078\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.stereoindex.com\/tech\/wp-json\/wp\/v2\/media\/139079"}],"wp:attachment":[{"href":"https:\/\/www.stereoindex.com\/tech\/wp-json\/wp\/v2\/media?parent=139078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.stereoindex.com\/tech\/wp-json\/wp\/v2\/categories?post=139078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.stereoindex.com\/tech\/wp-json\/wp\/v2\/tags?post=139078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}