Tesla CEO Elon Musk Reveals Why He’s Pro Dogecoin Amid Debate Over Web3, Ethereum, Decentralization

By Bitcoin.com - 2 tausaga talu ai - Taimi Faitau: 2 minute

Tesla CEO Elon Musk Reveals Why He’s Pro Dogecoin Amid Debate Over Web3, Ethereum, Decentralization

Tesla and Spacex CEO Elon Musk has explained why he’s pro dogecoin as the debate over web3, Ethereum, and decentralization intensifies. In the same conversation, former Twitter CEO Jack Dorsey insisted that he is not anti-ETH. “I’m anti-centralized, VC-owned, single point of failure, and corporate-controlled lies,” he stressed.

Elon Musk Fa'asoa le mafuaaga o Ia Pro Doge


Elon Musk’s Doge explanation came as he and dogecoin co-creator Billy Markus joined a Twitter thread about web3 and Ehtereum involving Jack Dorsey. The former Twitter CEO siitia popolega this week about web3 being owned by venture capitalists (VCs).

Markus wrote: “My goal is to build stuff and make money and have fun. I’m used to the corporate establishment and don’t really see any meaningful break away from it ~ bitcoin just gives power to new rich people.” Musk tali, “O le mea lena ua ou pro Doge.”



In the same thread, Dorsey clarified: “I’m not anti-ETH. I’m anti-centralized, VC-owned, single point of failure, and corporate-controlled lies. If your goal is anti-establishment, I promise you it isn’t Ethereum. Don’t believe or trust me! Just look at the fundamentals.”



Musk ma Dorsey na fa'ailoa tuto'atasi atugaluga ile web3 i lenei vaiaso. Musk tweeted: "Ou te le o fai atu web3 e moni - e foliga mai e sili atu maketi maketi nai lo le mea moni i le taimi nei." Ona ia tulitatao lea ma se isi tweet: “Na i ai se tasi na vaai i le web3? E le mafai ona ou mauaina.” I le amataga o Tesema, na ia Na tusia e, “Web3 e pei o le bs.”

The Tesla boss is a huge supporter of the meme cryptocurrency dogecoin. He is even known in the crypto community as the Dogefather. He personally owns dogecoin in addition to bitcoin ma eteru.

Musk, who has been named Time Magazine’s Tagata o le Tausaga, announced last week that Tesla will accept DOGE for payments. He sees bitcoin e pei o faleoloa o taua and DOGE as the best cryptocurrency for transactions.

In October, Musk revealed a different reason why he decided to support dogecoin. “Lots of people I talked to on the production lines at Tesla or building rockets at Spacex own Doge. They aren’t financial experts or Silicon Valley technologists. That’s why I decided to support Doge — it felt like the people’s crypto,” he faamalamalama.

O le a sou manatu e uiga i le faʻamatalaga dogecoin a Musk ma le felafolafoaiga i luga ole web3? Faailoa mai ia i matou i le vaega o faʻamatalaga o loʻo i lalo.

Punavai autu: Bitcoin.com