Dogecoin Creator Pokes Fun at “Web3” Again

Dogecoin creator Billy Markus has taken another snipe at the Web3 community with his recent tweet suggesting that Web3 users are only after the money without providing any goods and services in exchange. This isn’t the first time Markus would publicly oppose web3.

Dogecoin Creator, Others Label “Web3” a Marketing Buzzword

The developer started making fun of Web3 after Elon Musk, and Jack Dorsey spoke against the Web3 phenomenon. Musk has been an ardent critic of Web3 using memes and other methods. In one of his tweets, he described Web3 as a marketing buzzword than reality for the time being.

I’m not suggesting web3 is real – seems more marketing buzzword than reality right now – just wondering what the future will be like in 10, 20 or 30 years. 2051 sounds crazy futuristic!

— Elon Musk (@elonmusk) December 20, 2021

The richest man would later tweet, “Has anyone seen web3? I can’t find it.” Markus also responded to the tweet with a gif of someone looking into the toilet, suggesting that Web3 is low and dirty. 

The online interaction between Elon Musk and Billy Markus ended with another gif from Musk of someone drowning in a toilet with the caption, “Just keep going. It’s in there somewhere.”

Like Markus, Like Dorsey

Another prominent figure who has been a vocal critic of Web3 is Jack Dorsey. The co-founder of Twitter and CEO of Blocks has been against the heavy involvement of venture capitalists in the Web3 space.

In response to Musk’s post about the whereabouts of Web3, Dorsey responded that “It’s somewhere between a and z.” This is believed to be about the venture capitalist Andreessen Horowitz.

The VC firm, also known as a16z, has been a prominent investor in the Web3 and DeFi space. While some developers welcome the influx of cash, many like Dorsey consider it to affect the core reason behind crypto, decentralization.

However, while Dorsey’s beef against Web3 is the control by VCs and not decentralized, Markus appears to have a different reason. 

Judging by his tweets, Markus’ major reason for not fancying Web3 is that it doesn’t offer any value and is simply about the money. 

web 2 customer: i would like to exchange money for goods and services that i get value from

web 3 customer: i would like money

— Shibetoshi Nakamoto (@BillyM2k) January 16, 2022

The Dogecoin developer once described the crypto space as “95% as hype, speculation, and scams,” with only 5% being the cool and fun part. With his statements, it’s clear that he considers Web3 to be part of the 95%.