Strong criticism of Web3 technology from Tesla CEO Elon Musk

Saying that he has investments in Bitcoin, Ethereum and Dogecoin at the “The B Phrase” experience in July, Elon Musk stated that he did not just like the a lot mentioned Web3 generation with Facebook’s “metaverse” transfer.

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Altman mentioned, “The Common go back on investments made by means of mission companies within the 2020s is higher than in the 2010s. it is going to be a lot worse. on this experience, Web3 can give identical returns to 2010s.” He wrote.

Elon Musk, who usually tweets very in brief on such subjects or makes brief comments with best emojis, stated, “Web3 is like a **** factor… ”

While Musk’s tweet gained masses of RTs and FAVs, with reference to 1000 comments came under the tweet. Sam Altman didn’t respond to Musk’s remark. TRON founder Justin Solar, who does not hesitate to go into such discussions, also stated, “What could you say approximately WEB4?” under Musk’s tweet.

Dogecoin raised its value, however…

Musk wrote “Dogeee” this morning under a information record declaring that Ethereum’s transaction fees are now too pricey for small investors to bear, and TSI It brought Dogecoin to the fore. Despite The Fact That DOGE’s worth larger by 10% after Musk’s tweet, it was pulled again once more with the overall decline in the marketplace.

Musk used to be also a reputation that supported Dogecoin’s latest update that reduced transaction fees.