In a recent Twitter debate with famous rapper Cardi B, former Twitter CEO Jack Dorsey said that Bitcoin would eventually supplant the US dollar, reiterating his unflinching support for the world’s biggest cryptocurrency.
The Grammy Award-winning rapper’s Twitter spat with the tech mogul over crypto usurping the currency elicited a flood of responses on Twitter. Dennis Porter, a Bitcoiner, observed smugly that such a dialogue was truly inevitable.
Cardi B’s responses included references to other cryptocurrency groups, with Dogecoin co-founder Billy Markus sharing a joke about how Dogecoin is more stable than the US dollar.
Dorsey also changed Square, his mobile payment firm, to Block after standing down as CEO of the social media behemoth in late November. He has now landed a dream job as a full-time evangelist for Bitcoin.
Dorsey also took aim at “web3” in a subsequent tweet, a phrase used to refer to the next generation of the internet. According to the Block’s leader, this is just “a centralised organisation with a new title.”
He is hardly the only billionaire who is sceptical about the current cryptocurrency movement. Elon Musk, the CEO of Tesla and the world’s wealthiest man, dubbed web3 “BS” earlier this month. He expressed a more nuanced take on the subject in a Dec. 20 tweet, arguing that the phrase sounded more like a “commercial buzzword” than the internet’s future. Dorsey said in another tweet that it was critical to prioritise resilient technologies that are genuinely owned by people.
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