Twitter banter: Dorseys Web5 attracts a Musk 69 joke

Elon Musk, the CEO
of Tesla and SpaceX and in the news recently for his bid to acquire Twitter,
has things to say on former Twitter CEO Jack Dorsey’s new project – Web5. When
a Twitter user named Wandristar wrote: “If Jack and Bitcoin can create Web5
then Dogecoin can create Web69.” To this, Jack Dorsey responded “your move
@elonmusk.” Musk, the world’s richest man, never shy of partaking in a bit of
Twitter banter wrote back: “Web 69 is” and two fire emojis.

Dorsey’s Web5 is a
Bitcoin-backed project. The promised successor to Web3, Web5 works on a
combination of Web3 and Web2.0. Web5 is geared towards making user data owned
by users and creating integrated systems. Dorsey’s The Block Head aims to make
the internet truly decentralised as the former Twitter CEO and his ilk believe
Web3 is primarily controlled by venture capitalists.

Web5’s distinction
from Web3 essentially lies in how Dorsey’s platform claims to store data. When
a Twitter user asked Dorsey what the difference essentially was, he said, “It’s
the basis on single point of failure systems (eth, solano, *) and lies being
told to people about who owns and controls it.”  

The purpose of
Dorsey’s company, according to its website, is for users to own their data. It
seeks to bring decentralised identity and data storage to applications. “It lets developers focus on creating
delightful user experiences while returning ownership of data and identity to individuals.”

The joke with Musk
about Web69 is also reflective of the crypto community’s love for quirky
numbers, 69 being one of them. This is similar to the cannabis community’s
fascination for the number 420. Musk had once combined the two themes to tweet:
“Due to inflation 420 has gone up by 69.”

According to Dorsey,
Web3 is controlled by venture capitalists and limited partners. In Web5, users will be
able to own their data, and they will be able to “control their identity”. The
use cases will be able to “control their identity”. They will be supported by
wallets, decentralised web nodes (DWNS) and decentralised web apps (DWAS).