Elon Musk expresses support for decentralized web on Dogecoin
Dogecoin once again attracts the attention of the CEO of Tesla Elon Musk, while the latter teased Dogecoin’s “web69” support. A Dogecoin user, “Wandrinstar”, stated in a recent tweet, “If Jack and Bitcoin can create web5, then Dogecoin can create web69.” The tweet caught the attention of former Twitter CEO and Block founder Jack Dorsey, who tagged Elon Musk while responding “your decision”.
The Tesla CEO, stating his views on the decentralized web on Dogecoin or the “web69” concept, responded with a fire emoji. This seems to go down well with Dogecoin creator Billy Markus, also known as “Shibetoshi Nakamoto,” who joked about “web69” when he tweeted “I only wanna hang out on web69.”
“Are you still on web69? Peasant. I’m on web420,” the @WSB president joked in response. Markus replied, “web420 and web69 are brothers, all other websites blow.”
Former Twitter CEO Jack Dorsey and Tesla CEO Elon Musk have always been in the same boat when it comes to their dislike for web 3.0. Elon Musk, in fact, never misses an opportunity to bash web3 technology.
Jack Dorsey proposed web5, probably the most important contribution
Former CEO of Twitter Jack Dorsey offers an alternative to web3, which he says has proven to be just as cumbersome as web2 before it. Web5, which is considered an amalgamation of web2 and web3, has the Block creator’s endorsement. Web5’s currency layer, meanwhile, will be built on Bitcoin.
Similar to previous efforts to build a decentralized overlay on top of the web, web5 will attempt to give users a “decentralized identity,” allowing them to seamlessly go from application to application without having to explicitly log in. User data will be controlled by users and will not be revealed without their agreement, rather than being stored with third-party products and services.
Block creator Jack Dorsey, speaking about the development on Twitter, said: “This will probably be our most significant contribution to the internet. Proud of the web5 team, (RIP web3 VCs).”
