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On March 7, Wang Yi said when talking about Sino-US relations that mutual respect is an important prerequisite for Sino-US relations. If you fail to do something, you should look for the reasons within yourself. The United States should review what it has gained from the tariff war and trade war in recent years. Has the trade deficit expanded or shrunk? Has the competitiveness of the manufacturing industry increased or decreased? Has inflation improved or worsened? Has the peoples lives improved or worsened? Sino-US economic and trade relations are mutual and equal. If you choose to cooperate, you can achieve mutual benefit and win-win results. If you blindly exert pressure, China will resolutely counter it.March 7, Wang Yi: China has been working for peace since the first day of the crisis. The negotiation table is the end of the conflict and the beginning of peace.March 7th, Wang Yi: There are more than 190 countries in the world. Just imagine, if every country emphasizes its own national priority and believes in strength and status, then the world will return to the law of the jungle.Pricing documents show that Qatar set the April offshore crude oil price at a premium of $2.10 per barrel over the Oman/Dubai average price, and the onshore crude oil price at a premium of $1.85 per barrel over the Oman/Dubai average price.March 7th, Japans government bond yield curve steepened amid the prospect of strong wage increases in Japan. Two economists at Barclays FICC Research said in a research note that the Japan Trade Union Confederation on Thursday released the results of a survey of union members wage increase demands before the spring wage negotiations in 2025. Economists pointed out that the average of the overall demands was 6.09%, the first time it has exceeded 6% since 1993. Economists who expect the Bank of Japans next rate hike to be in July said the results are favorable for the Bank of Japan.

“Ethereum Has Many Points of Failure”: Says Former Twitter CEO

Skylar Shaw

Apr 22, 2022 09:51

Building on Ethereum, according to Jack Dorsey, has a lot of failure spots.


He also remarked that he believes social media should not be controlled by the wealthy.


As an institutional investment asset, Ethereum has underperformed this year.


Two of the most powerful Twitter influencers weighed in on Elon Musk's bid to acquire the social media behemoth Twitter in a Twitter debate.


In response to one of these posts, Ethereum was chastised for not being the best blockchain for creating a decentralized social media platform.

"Not Ethereum," Dorsey Says

Former Twitter CEO Jack Dorsey, in response to a tweet from Ethereum inventor Vitalik Buterin, expressed similar sentiments on Buterin's stance that rich people or companies should not hostilely seize social media.


The remark was made in response to Tesla CEO Elon Musk's $41 billion deal to purchase Twitter.


While Dorsey consented to this, he was provoked by another response from 'DeSo,' an ostensibly decentralized social media system. "If you're building on ETH, you have at least one, if not many, single points of failure and hence not attractive to me," Dorsey stated in response to DeSo's presentation.


When told that it wasn't based on Ethereum and that it was a Layer-1 protocol controlled by a 'Foundation' rather than a 'Corporation,' Jack simply answered, 'a foundation is a single point of failure.'


As a Bitcoin maximalist, Jack has always been outspoken about his crypto opinions, and they don't seem to be side with Ethereum at the moment.


But he isn't the only one who isn't a fan of Ethereum at the moment; institutional investors haven't been showing much interest in the cryptocurrency king.


According to the CoinShares fund flow data for the week ending April 15, Ethereum once again failed to make a difference in the market, with outflows totaling $97.3 million.


During the week, Ethereum had the second biggest outflow of $27.1 million, behind only Bitcoin with $72.1 million.


However, in terms of year-to-date flows, Ethereum is the worst-performing asset, with $153 million withdrawn, compared to $145 million pouring into the king currency.


Although the recent market rebound may boost interest in the asset in the coming weeks, the present picture is consistent with Dorsey's assessment of Ethereum as a poor investment vehicle and Dapp network.

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