Thursday, January 27

“I’m pro-doge,” says Elon Musk in Web3 debate | Bitcoin Portal

Elon Musk’s Twitter activity ranges from random memes to criticism from American politicians, as well as a curious fascination with the popular cryptocurrency dogecoin (DOGE). In the early hours of this Thursday (23), he spoke a lot about the meme cryptocurrency to his followers.

The CEO of Tesla and SpaceX described himself as “pro-DOGE” in response to a tweet by Dogecoin co-founder Billy Markus, who accused bitcoin (BTC) of being too entrenched in “corporate institutions.”

Both Markus and Musk were adding their opinions to the four-day feud so far on Crypto Twitter.

Elon Musk critica a Web 3

Since Monday (20), Musk has been involved in a digital feud between co-founder and former CEO of social network Twitter Jack Dorsey (now exclusively CEO of payments company Square) and Silicon Valley venture capital firm Andreessen-Horowitz (or a16z).

The feud started when Dorsey tweeted: “You don’t have ‘Web 3’. the VCs [capitalistas de risco] and your LPs [fornecedores de liquidez] possess it. You will never escape your incentives. In the end, it is a centralized entity with a different name.”

Almost two hours later, Musk he responded: “Has anyone seen Web 3? I can’t find her.”

A group of industry analysts joined the debate, and long before Dorsey started to lose some great friends.

This Wednesday (22), Square’s CEO tweeted that it was locked by Marc Andreessen, co-founder of a16z, as well as departing from other big names in the corporate sector, such as Gemini co-founder Tyler Winklevoss and Coinbase CEO Brian Armstrong.

Although Musk joined the debate and sided with Dorsey, he is far from being a bitcoin maximalist. His unwavering support for dogecoin is quite different from his fickle attitude to the major cryptocurrency.

In February, Tesla had invested $1.5 billion in bitcoin.

In March, Tesla went even further, accepting bitcoin as payment for its vehicles. However, in May, Musk backtracked on his decision, citing bitcoin’s high environmental footprint as a cause for concern.

Despite this, Tesla continued to accumulate the cryptocurrency, and by October the company had earned $1 billion on its investment.

Meanwhile, Musk hasn’t tweeted a single word against dogecoin. Dorsey never spoke about the asset.

*Translated and edited by Daniela Pereira do Nascimento with permission from Decrypt.co.





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