Ethereum Has 'Many Single Points of Failure,' Says Twitter Co-Founder Jack Dorsey

Twitter co-founder and Block CEO Jack Dorsey has criticized the Ethereum blockchain for having "many single points of failure,” adding that projects built on Ethereum are “not interesting” to him.

"If you’re building on ETH you have at least one, if not many, single points of failure and therefore not interesting to me," Dorsey said in a tweet Tuesday.

This was in response to Deso, the crypto-powered social network formerly known as BitClout, that said, "Hello @jack. We agree and have a similar vision for the future of social media. We have been working on the DeSo protocol for years and have dedicated ourselves to solving the issues we see today with social media and the centralization of data."

It all started with a tweet from Ethereum co-creator Vitalik Buterin.

In a tweet, Buterin referred to Tesla CEO Elon Musk’s recent purchase of a 9.2 percent stake in Twitter, which several people, including Dogecoin co-creator Jackson Palmer, believe could lead to a takeover.

The Ethereum co-creator wrote that while he is not opposed in principle to Musk taking over Twitter, he fears the move would set a dangerous precedent for less liberal individuals and organizations.

On the thread, Dorsey replied “same” and, in another tweet, added: “I’m [sic] don’t believe any individual or institutions should own social media, or more generally media companies. It should be an open and verifiable protocol. Everything is a step toward that.”

Dorsey engages in crypto tweets regularly. Last year, he affirmed musician Cardi B that crypto will take over the dollar.