Jack Dorsey has accused Marc Andreessen and different proponents of "Web3" of pushing a advertising and marketing ploy designed to consolidate their wealth and energy over the expertise sector.
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Jack Dorsey this week renewed his on-line feud with fellow tech billionaire Marc Andreessen over the way forward for the web and blockchain expertise.
The Twitter co-founder, who lately resigned as CEO of the microblogging agency, trolled Andreessen on Tuesday, pasting a hyperlink to a tweet by the enterprise capitalist and tweeting: “He’s enjoyable at events.”
Dorsey’s tweet on Tuesday was in response to Andreessen’s tongue-in-cheek name for startup pitches, together with one for a “block button, however for actual life.”
Andreessen, the co-founder of Silicon Valley enterprise capital agency Andreessen Horowitz, had blocked Dorsey final month amid an ongoing public spat over the way forward for “Web3” — a decentralized model of the web during which cryptocurrency and blockchain expertise will allow particular person customers to co-own the web.
Andreessen, the founding father of Netscape and an early investor in tech giants Fb, Airbnb, and Twitter, believes that Web3 represents the way forward for the web.
However Dorsey, a supporter of bitcoin, and others like Elon Musk say the idea is a advertising and marketing ploy pushed ahead by Andreessen and different enterprise capitalists to consolidate management over the expertise sector.
“You don’t personal ‘web3.’ The VCs and their LPs do,” Dorsey tweeted final month in reference to enterprise capitalists and their funders.
“It's going to by no means escape their incentives. It’s finally a centralized entity with a distinct label.”
In one other publish, Dorsey continued to slam enterprise capitalists and criticized the cryptocurrency Ethereum, which has been embraced by many Web3 boosters.
“I’m anti-centralized, VC-owned, single level of failure, and company managed lies,” wrote Dorsey, who's price an estimated $9.4 billion.
“In case your objective is anti institution, I promise you it isn’t ethereum. Don’t imagine or belief me! Simply take a look at the basics.”
A number of days previous to Dorsey’s outburst, he heckled Chris Dixon, a companion at Andreessen Horowitz who had tweeted a “First they ignore you, then they snigger at you” quote that has generally been misattributed to Mahatma Gandhi in a tweet selling Web3.
“You’re a fund decided to be a media empire that may’t be ignored…not Gandhi,” Dorsey replied.
Dorsey additionally made enjoyable of Andreessen Horowitz in an change with Elon Musk, who requested on Twitter whether or not any followers had seen Web3.
“It’s someplace between a and z,” Dorsey replied.
Shortly afterward, Andreessen blocked Dorsey on Twitter, in keeping with a screenshot shared by Dorsey.
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