The developer of Twitter has been blocked by its customers because of "Web3.0".

All nations of the encrypted world must know the content of Web3.0. The concept of Web3.0 is primarily about the next generation of the Internet, where all data and content is stored on a chain and available to users. The centralized Internet monopoly is enormous.

The concept of Web3.0 has been discussed a lot recently, so it won't be explicit here. Is Web3.0 the future of the internet, or is it a hoax that VCs do to make money? A huge controversy, the controversy erupted on Twitter around the new and hot concept.

From Twitter founder Jack Dorsey to Elon Musk, a well-known venture capital firm a16z, Coinbase trading platform, KOL crypto, internet columnist ... This controversy has swept Internet users from all walks of life online. Registration and the conflict of interest platform are difficult to resolve.

The controversy sparked by Dorsey, the founder of Twitter, and a16z, a well-known marketing company, was the main target. Interestingly, venture capitalists called "one of America's most successful VCs" have invested in some of the world-famous companies, such as Like Coinbase, Facebook, Roblox, Lyft, Airbnb, Skype, and —— Twitter, take over. by Dorsey.

The full name of the a16z is Andreessen Horowitz. This is because the name a16z is shorter because there are 16 letters in the first letter a and the last letter z. It bears the name of its two founders, Marc Andreessen and Ben Horowitz. You might not know Marc Andreessen, but the company he found almost led to the era of the Netscape browser.

After Netscape failed to compete with Microsoft IE and was acquired by AOL, Marc Andreessen worked in the investment world for a long time. Led by Andreessen to witness the Internet's First Wave and the First Internet Bubble, a16z has been betting smart on the future for many years and reaping huge profits. According to public data, only one Coinbase projectIncome from A16z over $ 700 million.

As the VC who predicted he once sought advice for a new era, he met up with cryptocurrency supporter Dorsey, who once led freedom on tech mogul Twitter, for never-before-seen criticism. previously.

On Tuesday, Dorsey announced a tweet criticizing Web3.0 as a business investment tool. Musk later also joined the ranks of Web3.0 critics, accusing the popularity of the Web3.0 concept of being just a marketing tool. The design of a16z and other supporters of Web3.0 also refuted and countered this.

As one of Bitcoin's best-known proponents, Dorsey did not oppose the arrival of the Web3.0 era. The man who co-founded Bluesky, the social media platform he ran on Twitter, did not object to decentralized Web3.0. The point of this debate is not on Web3.0 itself, but as of now, the Web3.0 advocacy of VCs is just a business tool to make VCs work better? Can Web3.0 now bring the products of the Web3.0 era to users and achieve the main purpose of distribution?

Finally,The controversy ends on its own as a16z creator Marc Andreessen "fixes" Dorsey. Dorsey has also blocked several industry leaders, including the founder of 16z and CEO of Coinbase. Others remain in the realm of public opinion, persistent and controversial.

"You don't have Web3.0"?

This big controversy over Web3.0 drew criticism from Dorsey.Dorsey's important point is that Web3.0 will not be released to the public. It is believed that Web3.0 will transfer power from traditional web hosts such as Facebook and other tech companies to emerging market players such as a16z.

In a tweet posted on Tuesday, he described the distribution in the Web3.0 arena, and here's where the debate begins:

"You don't have a website 3.

VCs and their LPs will. It cannot escape the support process they have put in place (see Web3.0) and will eventually become a central organization with different scripts.

I understand what you are doing. "…

Since then, Jack Dorsey has repeatedly criticized "VC as a problem in the Web3.0 world", which means that VCs like a16z have invested in several companies called Web3.0, and users don't really like it. Web3. .0 items.

Shortly after release, Musk asked Web3.0 a question, and on that subject Musk and Dorsey agreed. Interestingly, Musk, known as the “industry guru,” called Web3.0 simply “business tool”.

“Has anyone seen Web3.0? I can't find it,” Musk said in a tweet, smiling to respond that the city is “in the middle of z”.

There is no doubt that "medium z" is comparable to 16z. Crypto artist Beeple always follows new hotspots on the internet, don't forget to announce his new role to participate in this Web3.0 discussion. In this slightly ironic 'WEB5', Dorsey satirizes 16z more directly and even on the concept of WEB16.

a16z has always been an expert in Web3.0 and has invested in many Web3.0 projects. Dorsey also has a distant impact on the crypto world and is possibly the most well-known "Bitcoin Maximalist" in the world. They are all well known on crypto backers, but their distinctive crypto nature makes their integration difficult.

When crypto supporters met crypto supporters, a huge war started between different crypto members.

a16z: Are you a leader or a deceiver?

16z has been a major criticism in this debate. They earn too much.

Ludong once described the 16z investment strategy in his article "Black Cat and White Cat". A few years ago, the official a16z website presented 38 investments in the cryptocurrency sector. Rhythm BlockBeats compiled these assemblies based on data releases and found that these projects made a total of $ 2.512 billion in revenue from competing with a16z (excluding projects with its own unreported budget).

The capital landscape of 16z covers almost all sizes of Web3.0. Or, for this reason, Dorsey in her review points out that the average user will not be able to reap enough benefits from Web3.0 and most of the benefits will go into the VC portfolio.

Open the official 16z website and you will see that this is a special VC. Unlike most of the simple and clean VC websites, which are full of technical know-how, a16z frequently updates a lot of data on their legitimate website. And a lot of that comes from the hands of 16z traders. The most prominent banner site on the official site is Future of 16z, its own brand news, which is not a 16z success story investment case or a real 16z investment model.

Powerful color support offers special a16z capabilities. Former 16z partner Benedict Evans joked in 2015 that "a16z is the most profitable advertising company in the world." He regularly develops the concept and analysis of the latest hotspots and trends, and also pilots and develops hotspots such as Web3.0.

In October of this year, a16z released a free Web3.0 document on the Web3.0 era through the eyes of a16z. Previously a16z also configured Web3.0 to read list and translate rhymes as fast as possible. If you look at the names, it's not hard to see that a lot of them are 16z.

Going forward, we don't know if Web3.0 will lead to the next generation of a more decentralized internet or other scams and bubbles. But, at least for now, 16z is good enough to carry the flag of Web3.0.

Web3.0 Preacher's Counterattack

In recent months, VCs have constantly chanted the new concept of Web3.0 and invested thousands of dollars in it. Recently, Sequoia Capital changed the word "business" in its Twitter profile to "DAO", the term Web3.0.

After Dorsey's criticisms, respondents answered Dorsey's questions one by one. For example, in response to allegations that VCs hold a significant share of Web3.0 revenue, the CEO of Binance CZ said, “Blockchain can solve this problem and launch Web3.0 projects. Rights for investors to participate to international finance. ”answer.

In the face of criticism and insults from Dorsey and other competitors, a16z partner Balaji Srinivasan also struggled. He respects Dorsey and everything Dorsey has created, but says Dorsey's idea of ​​Web3.0 is wrong. “Web3.0 has better performance, no guarantees. "

The controversy continues to spread to businesses developed by the two in Web3.0, but Srinivasan denies it, still recalling the Twitter reviews. He believes Twitter has abandoned its main mission and has succeeded in "promoting cooperation and politics." And it destroyed the foundations of Twitter liberalism.

And Dorsey said, "Twitter has been a business from the start, and it's been like that from the start." Dorsey thinks that "Web3.0 has the same organizational support, but it's hidden in the" distribution. "

As the most famous Bitcoin expert, Dorsey's quest for independence is well known. This "Bitcoin Maximalist" believes in Bitcoin and decentralization more than anyone, including other crypto users. Cardano founder Charles Hoskinson explained to the audience the dangers of venture capital for distribution. . "

16z partner Chris Dixon tells Dorsey that he is a "super fan" of Dorsey and that he will eventually see the value of Ether and Web3.0. "Bitcoin is like digital gold, but there are other key applications that require different chains."

As the debate moved to the center, Dorsey took on the role of critic of promoting success. We turn our energy to more important things. "

How far are we from Web3.0?

Chris Dixon, a16z partner, said, “In Web3.0 all issues, files and memberships are open source. But this type of open source doesn't appeal to Dorsey. He thinks membership is more important than open source technology. "I believe in you and your ability to understand technology. Focus on safe and functional technology. And let that technology be involved. It matters to the public. Testing, not individuals or organizations."

Some KOLs in the crypto community have said the same thing as Dorsey. For example, Cory Klippsten, founder of Swan Bitcoin, directly criticized the founder of a16z for viewing “fraud” as “interest”. This is nonsense.

KOL Coopahtroopa.eth, who participates in DAO domain, has more forgiveness. "" Web3.0 is easy to ignore, but ... Inspired by the Age Foundation. That alone leaves us open. "

For example, Stéphane Kasriel, director of the digital portfolio business at Novi, wrote that "there are too many Web3.0 content projects", while there is "too much hype". VCs seek "maximum payback" for LPs.

Ryan Selkis, CEO of Messari, had a similar one and wrote that "Web3.0 is partly from VC / LP and partly from others".

On the evening of December 22, the controversy intensified. Jack Dorsey started Twitter, Coinbase co-founder and CEO Brian Armstrong, and a16z founder Marc Andreessen.

Few people believe in their beliefs in distribution as strongly as Dorsey. “I oppose the lies of centralization, VC membership, and business management. I'm sure Ethereum won't work if your goals don't match. Don't trust me! Visit the base . "

On the 23rd, this incredible debate ended with a great spectacle.

"I am limited by Web3.0."

Dorsey wrote these sentences on her Twitter account. Now a16z founder Marc Andreessen has blocked Dorsey's Twitter account. Twitter's chief technology officer Nick Caldwell announced that Marc Andreessen had blocked it as well.

This week, Jack Dorsey dropped the interest in the crypto industry's “big coffee” and the traditional VC industry that supports Web3.0. These include: Sam Biddle, reporter for The Intercept, Mike Dudas, founder of Cryptographic Media Block and the analytics company, Brain Armstrong, founder and CEO of Coinbase, Marc Andreessen, founder of a16z, Tyler Winklevoss, co-founder of Gemini, Senior Architect and General Manager of Sales This is Tyler Roach.

At the same time, Jack Dorsey has recently seen some crypto users in the community taking over Bitcoin, such as "Bitcoin Maximalist" Mark Moss, Wired Columnist Siva Vaidhyanathan, Hexa Wallet, Bitcoin Fountain Blog, Interface of Bitcoin Lightning Network Breez service, and more.

Faced with the shame of the theft, Jack Dorsey used the information from the official a16z website. "The purpose of the A16z is to connect everyone involved in the use of technology through open source and intercepted and stolen Twitter accounts."

Only time will tell if Web3.0 is a scam or a scam. Supporters of Web3.0 should keep in mind that the key impact of Web3.0 is to give users more freedom by minimizing the impact that Facebook, Google, Twitter and other businesses are taking. The technology is available on the Internet monopoly.

But the good news is that Dorsey, who opposed Web3.0, was ultimately blacklisted by some of Web3.0's strongest supporters.