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• Jack Dorsey, founder of Twitter and Block Inc. sparked a new debate when he answered yes to the question if Ether is a security.
• This statement took place during the SEC’s enforcement actions against Binance and Coinbase.
• Dorsey has previously expressed dissatisfaction with Ether, and recently retweeted a video of Jack Mallers which calls out Coinbase CEO for prioritizing altcoins over Bitcoin and the Lightning Network.
Jack Dorsey Sparks Debate
Jack Dorsey, founder of Twitter and Block Inc., triggered a fresh spat between BTC maximalists and ETH-led altcoin tribe after answering „yes“ to a tweet asking if he thinks Ether is a security. The statement was made in the midst of SEC’s enforcement actions against Binance and Coinbase.
Dorsey’s Dissatisfaction with Ether
Dorsey has pointed out his dissatisfaction with Ether in the past as well. He recently retweeted a video by Jack Mallers, CEO of Bitcoin Lighting app Strike, which calls out Coinbase CEO for prioritizing altcoins over bitcoin and the Lightning Network. This view was also echoed by Pierre Rochard, vice president of research at Riot Platforms who suggested that Coinbase should refocus on Bitcoin instead of altcoins.
SEC Lawsuit Against Coinbase
The SEC lawsuit against Coinbase drew attention from various experts who put forth their suggestions on how it can be addressed appropriately. In response to this action by SEC, Jack Dorsey stepped down as its CEO in November 2021 to focus on his digital payments company — Block Inc..
Outpourings From Crypto Community
This statement received mixed reactions from crypto community members. While some applauded him for his courage to express his views openly without any fear or hesitation; others trolled him calling him “Clowns” by Udi Wertheimer – an independent researcher and developer in Ethereum space – among other names like “scammer” etcetera.
Conclusion
To conclude, while many crypto enthusiasts appreciate Jack Dorsey voicing his opinion openly without any fear or hesitation; there are those who don’t agree with him entirely due to their own beliefs about which cryptocurrency should be prioritized over others i.e bitcoin or etherum etcetera
