The Tesla and SpaceX CEO Elon Musk has reacted to reports of Jack Dorsey building a Web5 decentralized web-based on Bitcoin.
<h2>Bitcoin-Based Web5 Project<strong>
</strong></h2>
The news of Jack Dorsey aiming to build a new decentralized network based on Bitcoin has been met with enthusiasm by the cryptocurrency community (BTC).

According to an announcement yesterday, Dorsey’s Block subsidiary, TBD will build a decentralized web dubbed “Web5,” based on the flagship cryptocurrency as opposed to Web3, which many Bitcoiners including Dorsey himself believe to be centralized and controlled by venture capitalists.

https://twitter.com/namcios/status/1535302090360250368

A <a href="https://dogecoin.com/" target="_blank" rel="nofollow noopener">Dogecoin</a> enthusiast reacted to the news of Dorsey’s ambitions plans to build a Bitcoin-based Web5, saying:
<blockquote><em>“If Jack and Bitcoin can create web5 then Dogecoin can create web69.”</em></blockquote>
<h2>Banter Between Dorsey and Musk</h2>
The tweet prompted a response from Dorsey, Twitter’s former CEO and co-founder, who called on <a href="https://www.cryptoknowmics.com/news/how-is-teslas-bitcoin-investment-performing-so-far/" target="_blank" rel="noopener">Tesla</a> founder Elon Musk to comment on the message.

https://twitter.com/jack/status/1535312104223346688

Musk, who has always been a proponent of Dogecoin responded with a fire emoji on the possibility of creating Web69 centered around the meme-based cryptocurrency DOGE.

https://twitter.com/elonmusk/status/1535473240100982784

&nbsp;
<h2>Crypto Community's Keenness for Numbers '69' and '420'</h2>
Crypto community has a keenness for the internet's funny number 69, shorthand for a sex act and the cannabis community’s favorite number, 420.

In fact, Musk has earlier used the meme numbers to comment on the rising inflation and also on the exceptional performance of Bitcoin during the bull run of October 2021.

https://twitter.com/elonmusk/status/1460062031084761090

https://twitter.com/elonmusk/status/1451015695106560000

Elon Musk Reacts to Jack Dorsey’s Bitcoin-Powered Web5 Platform

The Tesla and SpaceX CEO Elon Musk has reacted to reports of Jack Dorsey building a Web5 decentralized web based on Bitcoin.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Elon Musk Reacts to Jack Dorsey’s Bitcoin-Powered Web5 Platform

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