Elon Musk is pretty vocal on Twitter about a couple of things. Memes, his thoughts on American Politicians, and of course, a pretty intense fascination and support for Dogecoin.
Earlier today, Elon Musk described himself as ‘pro Doge’, in a response to a tweet made by Billy Markus, who serves as the co-founder of the digital currency. In his tweet, Markus accused Bitcoin of being too entrenched in the “corporate establishment.”
Both Musk and Markus’ opinions were being added to an online spat on the social media platform that’s been going on for days now, among the crypto community members on Twitter.
I mean 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 🤷♂️
— Shibetoshi Nakamoto (@BillyM2k) December 23, 2021
Musk’s been locked in a digital beef involving the social media platform’s co-founder and former CEO Jack Dorsey–now serving exclusively as the CEO of the payments company named Square–and Andreessen Horowitz, the Silicon Valley venture capital firm also known as a16z, since Monday.
This all began when Dorsey tweeted “You don’t own ‘web3.’ The VCs and their LPs do. It will never escape their incentives. It’s ultimately a centralized entity with a different label.”
2 hours passed before Musk responded in kind. “Has anyone seen web3? I can’t find it,” he said.
A variety of industry pundits flocked to the debate, joining in to give their own opinions, and it wasn’t long before Dorsey began losing some influential friends.
Then, yesterday, the Square CEO tweeted that he has been blocked by Marc Andreessen, a co-founder at a16z, on top of unfollowing various corporate figures in the sector. This would include Tyler Winklevoss and Brian Armstrong, the Gemini co-founder and Coinbase CEO respectively.
While Musk may have entered the debate siding with Dorsey, he’s not really a Bitcoin maximalist in any sense. His staunch support for Dogecoin contradicts his flighty attitude towards the leading cryptocurrency.
What’s interesting is, back in Feb, Tesla actually invested $1.5 billion into Bitcoin, and a month after that, even began the process of accepting Bitcoin as payment for its cars. However, Musk apparently had seconds thoughts, making a complete U-turn on the decision, and citing Bitcoin’s high carbon footprint as one of the reason why it was concerning. Tesla continued to HODL, despite that, and come October the company was up by roughly $1 billion from the investment.
All of this, and Musk still hasn’t tweeted a single bad thing about Dogecoin, though Dorsey has yet to tweet anything at all about it.