Bitcoin advocate Jack Dorsey says he has nothing to do with Web 3.0; VCs own it

Block (NYSE:SQ) Founder and CEO Jack Dorsey, a popular Bitcoin (BTC-USD) advocate, says he has nothing to do with Wed 3.0 as venture capital involvement and influence on the space continues to expand, according to his tweet. Note that Web 3.0 is an idea for a decentralized version of the internet based on Ethereum (ETH-USD), Solana (SOL-USD) and other decentralized blockchains. Crypto users "don't own 'web3,' the former Twitter CEO says in another tweet. "The VCs and their LPs do. It will never escape their incentives. It's ultimately a centralized entity with a different label. Know what you're getting into," he adds. At the same time, Dorsey thinks Bitcoin (BTC-USD) will replace the U.S. dollar as the world reserve currency, he writes in another tweet replying to American rapper Cardi B. But that doesn't mean Dorsey supports cryptos in a broad sense of the matter. Previously, (Oct. 15) Dorsey wanted