One of the most vocal Bitcoin supporters on the internet voiced unusual unusual opinions against the web3 this week. On Monday, the CEO of Square Block Jack Dorsey fell to Twitter to warn Blockchain fans, how Web3 had been coopled by investors. “You don’t have ‘Web3,'” he said in a message seen by Bloomberg. “VC and LPS they do it. It will never be separated from their incentives. This is ultimately a centralized entity with a different label. Know what you entered …”

Web3 is a term used by many Crypto communities to describe the next internet iteration. With the help of technology such as Blockchain, they argue that the internet will be a more decentralized entity, free from institutional players who have dominated since the early days of the platform. Investment companies such as Andreessen Horowitz have become some vocal supporters of companies in space. In October, the company has set aside $ 3.1 billion to invest in Crypto and Web3 startups. “It’s somewhere between A and Z,” Dorsey said, reference “A16Z,” his nickname when Tesla CEO Elon Musk joined the conversation to ask if “someone saw Web3?”

It was not clear what drove Dorsey to be taken to Twitter to say what he did. However, this is a man who wants the world to know that he has a Bitcoin clock in his kitchen when he testifies before Congress. It must also be considered Dorsey running companies that are very involved in Blockchain technology.

What is clear is that the tweet causes an overwhelming. In writing this article, posts have attracted more than 5,000 retweet, 2,000 tweet quotes and 31,000 likes. Naturally, the bored ape contingent appeared to tell Dorsey he was “it was wrong,” but the same as many people came to offer support, called him “based” for his tweet.

For all the Tweet Buzz Dorsey produced, there is a kernel of truth for what he said. On Monday, the Wall Street Journal, citing a new study from the National Economic Research Bureau, was determined 0.01 percent of those who took control of Bitcoin 27 percent of the digital currency. Another study recently from nature found that only ten percent of NFT investors completed 85 percent of all transactions involving the assets. Decentralization indeed.