The Twitter founder made KOL unhappy with the crypto industry with tweets criticizing Web3 and crypto-VCs.

Today, Twitter founder Jack Dorsey continued to tweet criticizing Web3 and cryptocurrency VCs, while a16z partner Chris Dixon, Block creator Mike Dudas, Delphi Digital co-founder Tom Shaughnessy and many other cryptocurrency industry participants also participated in an interview.

The incident was caused by famous American rapper Cardi B who tweeted this morning: "Do you think cryptocurrency will change the dollar?" This comes from Jack Dorsey's answer that Bitcoin is buying. As a longtime Bitcoin supporter, Jack Dorsey's reaction was thoughtful, but for most cryptocurrency users, that means he ignores most non-Bitcoin cryptocurrencies.

Three hours later, Jack Dorsey tweeted that Web3 was "owned" by venture capital organizations (VCs) and their affiliates (LPs), not users. He says:"Web3 is not going to get sidetracked by their support. It's the end of the middle ground with other labels."

So far, Jack Dorsey's comments have drawn a lot of controversy and rejection from many in the crypto industry."This is wrong and dangerous because it pre-emptively kills the hopes and dreams of many brave people to create a truly independent website3."

Tom Shaughnessy, co-founder of Delphi Digital, said budgeting and management are two different things, and VCs help allocate funds to end-of-life projects as they gradually decentralize Web3 users and control what it may be. Web2 users are always outside.

ParaFi Capital partner Santiago Roel Santos responds that Web3 provides more tolerance for users, as anyone can fork code, control users over everything in Web3, and the wallet can move between apps. It offers users and participants more integrity than VCs.

a16z partner Chris Dixon said:All web3 issues, documents and members are open source. Users can read it and decide for themselves. VCs (like a16z) are rarely held.

Since then, Chris Dixon has tweeted separately: “I'm a big fan of Jack and hope to finally get him onto ETH and other blockchains. BTC is like digital gold, but there are other important applications that require other chains.

But Jack Dorsey responded quickly. “I believe in you and your ability to understand your machine. It is important that we focus on safety and good technology by the public, not people or organizations. Only bases can submit an application. "

In response to a Twitter user asking, "Why the role as VC in the real world cast?" Jack Dorsey said, "Their biggest advantage is that for real freedom, for example, and open source software has to pay for that."

In a separate tweet, Jack Dorsey said he was dealing with Bluesky or a venture capital firm that Twitter doesn't have. BlueSky was created in 2019 to create an open Twitter protocol for users to share and access information, not as a central service for social media platforms to curate content on their site. .

Musk also joined the discussion, tweeting "Anyone seeing web3? Not found.", Jack Dorsey responded to the tweet by saying "it's between a and z", alluding to a16z. In the past, Musk has also said that Website 3 is now more of a buzzword than a fact.