What is Web 5? Jack Dorsey’s Alternative to Web 3

On June 10th, Jack Dorsey announced a new project being built by Block’s bitcoin-focused business unit, TBD. That project is known as “Web 5” – a so-called “extra decentralized web” that “puts you in control of your data and identity.” What could the Block Head have in mind with this new creation? Also, what happened to Web 3? A Decentralized Data Storage Solution When Jack Dorsey announced Web 5 over Twitter, he said it would be Block’s “most important contribution…

Ethereum is Plagued by Single Points of Failure, Claims Jack Dorsey

Twitter’s co-founder and former CEO, Jack Dorsey, called out Ethereum for being insufficiently decentralized on Monday. Under one of Vitalik Buterin’s Twitter posts, he alleged the protocol has “one, if not many, single points of failure.” Decentralization and Social Media Vitalik’s initial tweet did not relate to Ethereum at all. Rather, the network’s founder offered his thoughts on Elon Musk’s recent $43 billion offer to completely take over Twitter. While he doesn’t oppose Elon running the show, he stood against…

NFT of Jack Dorsey’s First Tweet Draws Bids Below $40,000 in Disappointing Resale

Jack Dorsey created the first-ever tweet in 2006. Its Non-fungible Token, which held so much potential, now suffers a massive devaluation. From a $2.9million purchase value, it has plummeted to only a few thousand dollars. The famous tweet read – “just setting up my twttr” – and was purchased by Sina Estavi in 2021 for 1,630.58 ether. At that time, Estavi outbid other investors to bag the NFT at about $2.9million. Estavi who is the CEO of a Malaysian-based crypto…

Jack Dorsey Meets Michael Saylor At Bitcoin For Corporations Conference

Michael Saylor – CEO of Microstrategy – has kicked off his Bitcoin for Corporations event, presenting the benefits of Bitcoin for businesses. The first virtual keynote was delivered by Block CEO and Twitter co-founder Jack Dorsey, who has centered his business’s focus around the network. In their first direct public meeting, both billionaires discussed their fascination with Bitcoin and its revolutionary potential. They also highlighted why it's extraordinary compared to other cryptos. A Meeting Of Maximalists Saylor began his interview…

Cash App Rolls Out Lightning Network For Free Bitcoin Transfers

Jack Dorsey's Block promised to be at the forefront of Bitcoin innovation. Now, they are starting to deliver. Cash App finally confirmed free and free and instant Bitcoin transfers anywhere in the world. Block (formerly Square) finally integrates the Lightning Network with its Cash App. A feature promised back in 2019 will soon be available to all U.S. users. Users will soon instantly send Bitcoin to any wallet that can accept Lightning Network payments. This includes wallets such as Chivo,…

Confirmed: Jack Dorsey’s Block Will Build A Bitcoin Mining System

Jack Dorsey has begun yet another quest to expand the security and adoption of Bitcoin worldwide. His company Block Inc. has confirmed its plans to develop a global Bitcoin mining system. The CEO confirmed the news in a tweet today, with a team member explaining details on the project in a thread. A Mission To Decentralize Mining According to Thomas Templeton – Block’s general manager for hardware – Block’s goal is to make mining “more distributed and efficient”. This includes…

Jack Dorsey VS Web 3.0: Why Twitter’s Founder Is A Bitcoin Maximalist

The Twitter drama over Jack Dorsey and Web 3.0 highlights a timeless conflict bubbling under the surface of the crypto community.   It's been an eventful holiday season for Twitter co-founder and Block CEO Jack Dorsey. In late November, he caught the world's attention after forfeiting the former company's leadership to CTO Parag Agrawal. Though he left no explicit details about his plans in his goodbye message, his rhetoric was a major giveaway. “I believe it's critical a company can…

Musk Piles Into Tech CEO Twitter Fight Over Crypto

Multiple billionaires engaging in Twitter drama is not something you see every day. Yet that's just what happened - a Twitter fight featuring multiple tech CEOs, from Jack Dorsey to Elon Musk. The reason for the fight? Crypto and Web3. And with so much money in the space, it is no wonder discussions can turn heated. It all started when Jack Dorsey, CEO of Block and former CEO of Twitter, called out Web3. This drew ire from Web3 investors, leading to…

Jack Dorsey: Bitcoin Will Replace The Dollar

Jack Dorsey, the CEO of Block, thinks Bitcoin will replace the dollar. The tech entrepreneur, and the founder and former CEO of Twitter, replied to the question by the rapper Cardi B. The rapper and songwriter asked if crypto would replace the U.S. dollar. Dorsey, a known Bitcoin maximalist, said that it will. Specifically, he believes the crypto that will replace the dollar will be Bitcoin. https://twitter.com/jack/status/1473089482576564225 The reply prompted some 800 comments and got 13k likes. Other crypto enthusiasts…

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