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Twitter Co-Founder Jack Dorsey Says He Isn’t Interested In Ethereum

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Jack Dorsey, the founder of Twitter, has some Wozniakis-like opinions on Ethereum. Although he is fascinated by technology, the ETH protocol does not capture his interest. Dorsey criticizes the Ethereum network, claiming that it has multiple single points of failure.

Dorsey is a huge supporter of Bitcoin. In his Twitter bio, he’s even put ‘#bitcoin’ with a bitcoin emoji. Dorsey, a self-proclaimed “Bitcoin Maximalist,” does not appear to have great regard for any other cryptocurrency. He even went so far as to argue that Facebook (now Meta) squandered their time by developing its own cryptocurrency when they could have simply used Bitcoin.

While Jack appears to agree with Ethereum co-founder Vitalik Buterin’s general statement that Twitter is a public service, he disagrees with ETH enthusiasts.

In response to DeSo, Dorsey stated that ETH has at least one single point of failure, if not several. That is why he is completely uninterested in it.

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Meanwhile, Musk’s aggressive takeover offer on Twitter is throwing serious doubts on the microblogging platform’s survival. The ‘Poison Pill’ plan has been adopted by the Twitter board. While Musk stated that if he takes control, the board will not be paid a dollar, Dorsey slammed the board for being inept. As the argument about the ‘ifs,’ ‘buts,’ ‘whats,’ and ‘what-nots’ of the Twitter crisis continues, the founder reiterates that the platform should be an open and verified protocol.

ETH and BTC each have their own set of technological difficulties, and both have unquestionably revolutionized crypto for the better in the majority of cases. The protocols will change over time. So will the platforms that are erected on it. We’ll see a social media platform built on these blockchain technologies someday. A genuinely decentralized social networking platform.