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Crypto Biz: What About Jack? December 16-23 By CoinTelegraph

© Reuters. Crypto Biz: What About Jack? From December 16 to 23

When you are no longer in charge of a publicly traded company, you have more leeway to express controversial opinions. Former Twitter (NYSE 🙂 CEO Jack Dorsey expressed his discontent with the role of venture capital in Web 3.0 on social media this week. Some of his Twitter followers agreed with his views, some did not, and some even completely blocked him.

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“Web 3.0 is not yours,” says Dorsey Dorsey’s complaint with Web 3.0, a broad term that refers to a more decentralized and interconnected version of the Internet, comes from those who control a dominant stake in these emerging protocols. By owning a large stake in Web 3.0 startups, venture capital funds and limited partners can pressure founders to adhere to centralized rules that go against the spirit of decentralization. Elon Musk, CEO of Tesla (NASDAQ :), joined Dorsey on Twitter in poking fun at the Web 3.0 projects.

Read the full article on Cointelegraph

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