Elon Musk Reacts to Jack Dorsey’s Bitcoin-Powered Web5 Platform

The Tesla and SpaceX CEO Elon Musk has reacted to reports of Jack Dorsey building a Web5 decentralized web-based on Bitcoin. Bitcoin-Based Web5 Project The news of Jack Dorsey aiming to build a new decentralized network based on Bitcoin has been met with enthusiasm by the cryptocurrency community (BTC). According to an announcement yesterday, Dorsey’s Block subsidiary, TBD will build a decentralized web dubbed “Web5,” based on the flagship cryptocurrency as opposed to Web3, which many Bitcoiners including Dorsey himself believe to be centralized and controlled by venture capitalists. 1/ Jack Dorsey’s @TBD54566975 unit has just announced it is building “Web5”. This new decentralized web leverages #Bitcoin to put users back in control of their data and identity – once and for all. Here’s a thread with all you need to know 🧵… pic.twitter.com/TpW8OvuyKX — Namcios (@namcios) June 10, 2022 A Dogecoin enthusiast reacted to the news of Dorsey’s ambitions plans to build a Bitcoin-based Web5, saying: “If Jack and Bitcoin can create web5 then Dogecoin can create web69.” Banter Between Dorsey and Musk The tweet prompted a response from Dorsey, Twitter’s former CEO and co-founder, who called on Tesla founder Elon Musk to comment on the message. your move @elonmusk — jack (@jack) June 10, 2022 Musk, who has always been a proponent of Dogecoin responded with a fire emoji on the possibility of creating Web69 centered around the meme-based cr...