{"id":10293,"date":"2022-02-17T13:43:26","date_gmt":"2022-02-17T13:43:26","guid":{"rendered":"http:\/\/TheNextWeb=1380720"},"modified":"2022-02-17T13:43:26","modified_gmt":"2022-02-17T13:43:26","slug":"twitters-accepting-tips-in-ethereum-and-dorsey-must-be-fuming","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=10293","title":{"rendered":"Twitter\u2019s accepting tips in Ethereum \u2014 and Dorsey must be fuming"},"content":{"rendered":"\n<p>Last night, <a href=\"https:\/\/thenextweb.com\/topic\/twitter\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a> announced it\u2019ll allow users to <a href=\"https:\/\/twitter.com\/TwitterSupport\/status\/1494008973581856768\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">tip accounts via Ethereum<\/a>.<\/p>\n<p>This is the social network\u2019s second crypto announcement in two months, after it <a href=\"https:\/\/thenextweb.com\/news\/twitter-nft-profile-picture-hex-analysis\" target=\"_blank\" rel=\"noopener noreferrer\">enabled NFT-based profile pictures<\/a> in January.<\/p>\n<p>These developments have come after Jack Dorsey <a href=\"https:\/\/thenextweb.com\/news\/jack-dorsey-leaves-twitter-ceo-job-again\" target=\"_blank\" rel=\"noopener noreferrer\">stepped down as the company\u2019s CEO last year<\/a>.<\/p>\n<p>As a staunch Bitcoin supporter, Twitter\u2019s new direction in <a href=\"https:\/\/thenextweb.com\/topic\/cryptocurrency\" target=\"_blank\" rel=\"noopener noreferrer\">cryptocurrencies<\/a> might have annoyed him \u2014 especially as both announcements are related to Ethereum, <span>a currency he appears dismissive of.<\/span><\/p>\n<p><span>When considering all this, we had one important question<\/span>: just how annoyed <span>will Jack Dorsey be?<\/span><\/p>\n<p>To find out, <span>we explored his connection with digital currencies over the years.<\/span><\/p>\n<h2>Dorsey\u2019s love for Bitcoin (is in his bio)<\/h2>\n<p>The Twitter co-founder has been public about <a href=\"https:\/\/news.coincu.com\/2812-twitter-ceo-jack-dorsey-is-all-about-bitcoin-not-eth-doge-and-other-coins\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">his \u2018loyalty\u2019 towards Bitcoin<\/a>. He\u2019s been <a href=\"https:\/\/twitter.com\/jack\/status\/814926071124660228?s=20&amp;t=4CpxX-f9vzIp9Jg0QH6PUA\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">experimenting<\/a> with <a href=\"https:\/\/twitter.com\/jack\/status\/450742269306355712?s=20&amp;t=4CpxX-f9vzIp9Jg0QH6PUA\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">the digital currency<\/a> at his payment startup Square for some time now.<\/p>\n<p>In a 2019 interview with TNW, Dorsey outlined <a href=\"https:\/\/thenextweb.com\/news\/jack-dorsey-answers-our-questions-about-squares-plans-for-bitcoin\" target=\"_blank\" rel=\"noopener noreferrer\">a need for \u201ca native internet currency.<\/a>\u201d At that time, he wanted Square to take an active part in developing the cryptocurrency ecosystem.<\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-1380722 js-lazy\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-17-at-6.32.00-PM.png\" alt=\"Dorsey's Twitter bio clearly indicates his loyalty towards Bitcoin.\" width=\"734\" height=\"736\" sizes=\"(max-width: 734px) 100vw, 734px\" data-srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-17-at-6.32.00-PM.png 734w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-17-at-6.32.00-PM-209x210.png 209w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-17-at-6.32.00-PM-135x135.png 135w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-17-at-6.32.00-PM-96x96.png 96w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-17-at-6.32.00-PM-269x270.png 269w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-17-at-6.32.00-PM-192x192.png 192w\"><figcaption><a href=\"https:\/\/thenextweb.com\/news\/twitters-tips-eth-dorsey-bitcoin-analysis#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Feditorial.thenextweb.com%2Fhardfork%2F2022%2F02%2F17%2Ftwitters-tips-eth-dorsey-bitcoin-analysis%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: Dorsey\u2019s Twitter bio clearly indicates his loyalty towards Bitcoin.\" data-title=\"Share Dorsey\u2019s Twitter bio clearly indicates his loyalty towards Bitcoin. on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share Dorsey\u2019s Twitter bio clearly indicates his loyalty towards Bitcoin. on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"><\/i><\/a>Dorsey\u2019s Twitter bio clearly indicates his loyalty towards Bitcoin.<\/figcaption><noscript><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-1380722\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-17-at-6.32.00-PM.png\" alt=\"Dorsey's Twitter bio clearly indicates his loyalty towards Bitcoin.\" width=\"734\" height=\"736\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-17-at-6.32.00-PM.png 734w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-17-at-6.32.00-PM-209x210.png 209w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-17-at-6.32.00-PM-135x135.png 135w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-17-at-6.32.00-PM-96x96.png 96w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-17-at-6.32.00-PM-269x270.png 269w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-17-at-6.32.00-PM-192x192.png 192w\"><\/noscript><\/figure>\n<p>Last year, days after his departure from Twitter, he renamed <a href=\"https:\/\/squareup.com\/us\/en\/press\/square-changes-name-to-block\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Square to Block<\/a>, hinting that its future would be tied in with blockchain technologies. The firm\u2019s digital currency department working on Bitcoin \u2014 Square Crypto \u2014 was renamed Spiral.<\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-featured_img wp-image-1380724 js-lazy\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Block_lockup_reverse_black_1920x1080-796x448.jpg\" alt=\"Square has turned to Block.\" width=\"796\" height=\"448\" sizes=\"(max-width: 796px) 100vw, 796px\" data-srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Block_lockup_reverse_black_1920x1080-796x448.jpg 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Block_lockup_reverse_black_1920x1080-280x158.jpg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Block_lockup_reverse_black_1920x1080-240x135.jpg 240w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Block_lockup_reverse_black_1920x1080-480x270.jpg 480w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Block_lockup_reverse_black_1920x1080-1536x864.jpg 1536w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Block_lockup_reverse_black_1920x1080-1592x896.jpg 1592w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Block_lockup_reverse_black_1920x1080-1200x675.jpg 1200w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Block_lockup_reverse_black_1920x1080.jpg 1920w\"><figcaption><a href=\"https:\/\/thenextweb.com\/news\/twitters-tips-eth-dorsey-bitcoin-analysis#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Feditorial.thenextweb.com%2Fhardfork%2F2022%2F02%2F17%2Ftwitters-tips-eth-dorsey-bitcoin-analysis%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: Square has turned into Block.\" data-title=\"Share Square has turned into Block. on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share Square has turned into Block. on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"><\/i><\/a>Square has turned into Block.<\/figcaption><noscript><img decoding=\"async\" loading=\"lazy\" class=\"size-featured_img wp-image-1380724\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Block_lockup_reverse_black_1920x1080-796x448.jpg\" alt=\"Square has turned to Block.\" width=\"796\" height=\"448\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Block_lockup_reverse_black_1920x1080-796x448.jpg 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Block_lockup_reverse_black_1920x1080-280x158.jpg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Block_lockup_reverse_black_1920x1080-240x135.jpg 240w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Block_lockup_reverse_black_1920x1080-480x270.jpg 480w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Block_lockup_reverse_black_1920x1080-1536x864.jpg 1536w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Block_lockup_reverse_black_1920x1080-1592x896.jpg 1592w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Block_lockup_reverse_black_1920x1080-1200x675.jpg 1200w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Block_lockup_reverse_black_1920x1080.jpg 1920w\"><\/noscript><\/figure>\n<p>During this time, Ethereum had assumed a favored position in the crypto world because of its ability to support apps built on the blockchain. Its supporters think of it as a superior technology to Bitcoin, which mostly just acts as a currency.<\/p>\n<h2>Jack vs. everyone (or web3)<\/h2>\n<p>Both these worlds collided when Dorsey openly criticized web3 last December, calling it a VC-controlled world.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\" readability=\"12.04329004329\">\n<p lang=\"en\" dir=\"ltr\">You don\u2019t own \u201cweb3.\u201d<\/p>\n<p>The VCs and their LPs do. It will never escape their incentives. It\u2019s ultimately a centralized entity with a different label. <\/p>\n<p>Know what you\u2019re getting into\u2026<\/p>\n<p>\u2014 jack\u26a1\ufe0f (@jack) <a href=\"https:\/\/twitter.com\/jack\/status\/1473139010197508098?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">December 21, 2021<\/a><\/p>\n<\/blockquote>\n<p>He also made <a href=\"https:\/\/thenextweb.com\/news\/why-elon-musk-and-jack-dorsey-criticize-web3\" target=\"_blank\" rel=\"noopener noreferrer\">a dig at venture firm a16z<\/a>. It has invested in mega web3 companies, including NFT marketplaces and projects like Opensea, Cryptokitties, and NBA Top Shot, as well as decentralized exchanges like Coinbase, Uniswap, and Coinswitch Kuber.<\/p>\n<p>Notably, many of these projects are based on Ethereum.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\" readability=\"10.392857142857\">\n<p lang=\"en\" dir=\"ltr\">I believe in you and your ability to understand systems. It\u2019s critical we focus our energy on truly secure and resilient technologies owned by the mass of people, not individuals or institutions. Only that foundation will provide for the applications you allude to.<\/p>\n<p>\u2014 jack\u26a1\ufe0f (@jack) <a href=\"https:\/\/twitter.com\/jack\/status\/1473161753106210823?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">December 21, 2021<\/a><\/p>\n<\/blockquote>\n<p>So the community accused Dorsey of hating the decentralized protocol. While he cleared the air by saying he\u2019s not \u201canti-ETH,\u201d his tweets suggest otherwise.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\" readability=\"13.153024911032\">\n<p lang=\"en\" dir=\"ltr\">I\u2019m not anti ETH. I\u2019m anti-centralized, VC-owned, single point of failure, and corporate controlled lies. If your goal is anti establishment, I promise you it isn\u2019t ethereum. Don\u2019t believe or trust me! Just look at the fundamentals.<\/p>\n<p>\u2014 jack\u26a1\ufe0f (@jack) <a href=\"https:\/\/twitter.com\/jack\/status\/1473887809211711491?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">December 23, 2021<\/a><\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\" readability=\"3.3623188405797\">\n<p lang=\"und\" dir=\"ltr\">\ud83d\udcaf <a href=\"https:\/\/t.co\/YaEO5tLlWl\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">https:\/\/t.co\/YaEO5tLlWl<\/a><\/p>\n<p>\u2014 jack\u26a1\ufe0f (@jack) <a href=\"https:\/\/twitter.com\/jack\/status\/1473380683896737813?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">December 21, 2021<\/a><\/p>\n<\/blockquote>\n<p>This wasn\u2019t the first time the Ethereum community had called out Dorsey. Last August, he posted about the Twitter-list app <a href=\"https:\/\/vicariously.io\/log-in?to=%2Fapp\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Vicariously<\/a>, but the screenshot had a tweet from a Bitcoin supporter bashing Ethereum.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\" readability=\"12.574850299401\">\n<p lang=\"en\" dir=\"ltr\">I used <a href=\"https:\/\/twitter.com\/getvicarious?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">@getvicarious<\/a> to create and sync a list of all accounts I\u2019m following, set that list to be reverse chron, named it \u201cLatest\u201d and pinned it, and now I can quickly swipe between ranked (algorithm) and all tweets as they happen<\/p>\n<p>(inspired by an idea from team) <a href=\"https:\/\/t.co\/ZfSg9pGeds\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">pic.twitter.com\/ZfSg9pGeds<\/a><\/p>\n<p>\u2014 jack\u26a1\ufe0f (@jack) <a href=\"https:\/\/twitter.com\/jack\/status\/1425614093243846657?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">August 12, 2021<\/a><\/p>\n<\/blockquote>\n<p>Minutes later, the Twitter co-founder fueled the fire with a tweet saying <a href=\"https:\/\/twitter.com\/jack\/status\/1425629448834109443?s=20&amp;t=xPadOzI1nVSNhRJaMXmYUw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">\u201cThere are no coincidences,\u201d<\/a> hinting that the screenshot was intentional.<\/p>\n<h2>Making a mark in the cryptocurrency world<\/h2>\n<p>Despite registering $1.81 billion in Bitcoin revenue (with a $42 million net profit) in Q3 2021 alone, Square isn\u2019t the poster child of cryptocurrency finance it wants to be.<\/p>\n<p>That, however, hasn\u2019t stopped Dorsey from pushing his favorite digital currency.<\/p>\n<p>Last month, he created <a href=\"https:\/\/www.nytimes.com\/2022\/01\/13\/business\/jack-dorsey-bitcoin-legal-fund.html#:~:text=The%20fund%20will%20provide%20free,part-time%20and%20volunteer%20lawyers.&amp;text=Jack%20Dorsey%20has%20announced%20the,cryptocurrency%20facing%20%E2%80%9Clegal%20headaches.%E2%80%9D\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">a legal defense fund for Bitcoin developers<\/a>. At the same time, Block announced it\u2019s building <a href=\"https:\/\/www.cnbc.com\/2022\/01\/13\/jack-dorsey-block-officially-building-an-open-bitcoin-mining-system.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">an \u2018open Bitcoin mining system\u2019<\/a>.<\/p>\n<p>One of his biggest projects to date was <a href=\"https:\/\/blockworks.co\/jack-dorsey-tbd-will-be-open-platform-for-decentralized-bitcoin-exchanges\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">announcing TBD last August<\/a>, a division of Block that works on Bitcoin-based Decentralized exchange (DeX). It will supposedly allow developers to run solutions based on this protocol.<\/p>\n<p>In response,\u200b\u200b Ethereum\u2019s co-founder, Vitalik Buterin, <a href=\"https:\/\/fortune.com\/2021\/08\/19\/ethereum-creator-says-jack-dorsey-and-mark-zuckerberg-are-doing-crypto-wrong\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">expressed his doubts<\/a> about the feasibility of the project.<\/p>\n<h2>A crying shame<\/h2>\n<p>When Dorsey was leading Twitter, the only notable cryptocurrency decision was to include <a href=\"https:\/\/blog.twitter.com\/en_us\/topics\/product\/2021\/bringing-tips-to-everyone\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Bitcoin as a payment medium for creator tips<\/a>.<\/p>\n<p>The Ethereum-related announcements over the past two months under new CEO, Parag Agrawal, show a clear divergence from this strategy.<\/p>\n<p>And it makes perfect sense. Twitter should be tapping into hot cryptocurrency trends and trying to evolve. Change is vital if you want engaged users.<\/p>\n<p>So, to answer our original question \u2014 would Dorsey be angry at the company he led twice for its support of Ethereum? Probably.<\/p>\n<p>It\u2019s tough to say for sure, but, from all the above, it seems clear he\u2019d be at least a bit annoyed with Twitter\u2019s new \u201cweb3-direction.\u201d<\/p>\n<p>It\u2019s okay, Jack. Maybe another meditation retreat will help you get over it.<\/p>\n<p> <a href=\"https:\/\/thenextweb.com\/news\/twitters-tips-eth-dorsey-bitcoin-analysis\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last night, Twitter announced it\u2019ll allow users to tip accounts via Ethereum. This is the social network\u2019s second crypto announcement in two months, after it enabled NFT-based profile pictures in January. These&#8230;<\/p>\n","protected":false},"author":1,"featured_media":10294,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/10293"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10293"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/10293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/10294"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}