After voicing Web3 skepticism, Jack Dorsey gets blocked on Twitter by Marc Andreessen
Twitter Inc. co-founder and former Chief Executive Jack Dorsey looked at his Twitter feed today and discovered that he has been blocked by famed venture capitalist Marc Andreessen.
“I’m officially banned from Web3,” Dorsey (pictured) wrote on Twitter after finding out that that he’d been snubbed by Andreessen. It’s not so surprising since the Andreessen Horowitz co-founder has invested heavily in web3 startups — something that Dorsey is skeptical about.
Andreessen is one of many tech pundits and investors who thinks that Web3 will disrupt the Internet. In basic terms, Web3 is an evolution of the internet in which everything is decentralized thanks to blockchain technology. By doing that, the user gains more control of the internet, unlike the current model where tech titans rule the roost. Web 1.0 was the basic internet when it was created, and Web 2.0 was when tech giants such as Google LLC Microsoft Corp. and Facebook Inc. came to town and created apps.
Web3 ideology all sounds kind of humanitarian and cool in the hippie sense, but according to Dorsey – and to the chagrin of Andreessen – in this new-world scenario, users won’t own the internet; giant firms such as Andreessen Horowitz will. “You don’t own ‘web3,’” Dorsey tweeted the other day. “The VCs and their LPs do. It will never escape their incentives. It’s ultimately a centralized entity with a different label. Know what you’re getting into…”
Tesla Motors Inc. CEO Elon Musk has stood behind Dorsey and said there will be no such thing as the utopia of a decentralized internet. He tweeted the other day, “Has anyone seen web3? I can’t find it.” Dorsey tweeted back, “It’s somewhere between a and z.”
Dorsey has expanded on his criticism, saying, “I’m anti-centralized, VC-owned, single point of failure, and corporate-controlled lies. If your goal is antiestablishment, I promise you it isn’t Ethereum. Don’t believe or trust me! Just look at the fundamentals.”
In what has turned out to be a bit of tech soap opera, it’s a pity that Andreessen hasn’t yet spoken about why he blocked Dorsey. On his Andreessen Horowitz website, he does write, “We deserve a betterinternet,” words that might rankle some observers. The same page adds, “We don’t have all the answers, but we’re eager to work with policymakers, civil society, and other partners to define an affirmative vision for how to use these powerful new tools to benefit society.”
The skeptics, including Dorsey, clearly don’t believe the hype.
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