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In this video, I discuss Jack Dorsey’s Web5 project and contrast it with Web3.
Web5 is being built on the Bitcoin blockchain, and uses only BTC as its token, unlike Web3 which uses many different tokens, most of which are controlled by VC’s and other insiders.
The Bitcoin blockchain is a much stronger foundation to build on, especially compared to Terra, Solana, and Ethereum. We are seeing the Bitcoin ecosystem being built layer by layer, just like the internet.
Web5 brings the promise of decentralized identifiers (DID) and decentralized data storage, which will offer a better internet user experience, as well as more flexibility and privacy for users.
While altcoiners are focused on issuing and trading new tokens, Bitcoiners are building the future.
Not investment advice! Consult a financial advisor.
Initial token allocations:
Why Web 3.0 Is A Scam:
Bitcoin vs. Web3:
Rip Web3 and VC’s:
this will likely be our most important contribution to the internet. proud of the team. #web5
— jack (@jack) June 10, 2022
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