After commenting on a tweet by Jack Dorsey, former CEO of Twitter, the CEO of Binance received a short and harsh response in the early hours of Wednesday (22). The context of this story involves the web, which Dorsey says will be dominated by venture capital firms.
Dorsey’s answer implies that there is a lack of actions and words left in the cryptocurrency sector. Another point that supports his thinking is his motivation for not getting involved with Ethereum and focusing only on Bitcoin, as it belongs to all people and not to a group.
While she didn’t name names, Dorsey left clear clues as to which venture capital firm she was referring to, believing she just wanted money. A similar speech was made by Edward Snowden late last month, also attacking such companies.
After falling out with Elon Musk last month, Changpeng Zhao, founder and CEO of Binance, appears to have found a new match to match: Jack Dorsey.
Dorsey recently left the post of CEO of Twitter, the company he founded, to dedicate himself to Block — formerly Square — and develop solutions aimed at adopting Bitcoin.
This Wednesday (22), Dorsey posted a short tweet related to web 3, considered by some to be the introduction of blockchain solutions on the internet in general. Quickly CZ, CEO of Binance responded and ended up getting a harsh response.
— Venture capital (VC) companies are the problem. *not people
“Blockchain fixes this.” Global fundraising, of people.
While the purpose of Web 3 is to make the internet more decentralized, Jack believes that VC firms will dominate this phase of the web. Making her attack more explicit, Dorsey gave more clues as to who was attacking by responding to Elon Musk.
— Has anyone seen web3? I can’t find her
— It’s somewhere between A and Z
It’s somewhere between a and z
— jack⚡️ (@jack) December 21, 2021
The attack could be related to Andreessen Horowitz’s a16z company that led investment rounds on several projects such as Sky Mavis (creator of Axie Infinity), Open Sea (largest market for NFTs) and others. Thus, having great influence in decision-making in a sector that, in theory, is decentralized.