EUR/USD 1.02122
-0.311%
Gold 2659.57
-1.155%
Oil 77.407
2.014%
USD/JPY 157.708
-0.066%
GBP/USD 1.21717
-0.300%
GBP/JPY 191.962
-0.363%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 14, Iranian Deputy Foreign Minister Gharibabadi said: The third round of negotiations between Iran and the three European countries (E3, Britain, France and Germany) was held in Geneva. The negotiations were serious, frank and constructive. We discussed ideas on lifting sanctions and certain details in the nuclear field required for reaching an agreement. All parties agreed that negotiations should be resumed, and that all parties should create and maintain a suitable atmosphere to reach an agreement. We agreed to continue the dialogue.US President Biden: Gaza agreement is about to be reached.The Hamas delegation stated that the negotiations on a ceasefire in Gaza were progressing smoothly and that it would respond to relevant developments with a positive attitude.January 14th news: On January 13th local time, the Yemeni Houthi armed forces issued a statement saying that on the same day, they launched two attacks on targets in Jaffa, Israel using the "Palestinian Type 2" hypersonic ballistic missile and drones respectively.Tip: The U.S. government budget data for December has not yet been released.

“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.

Suggestion