Tesla and Spacex CEO Elon Musk has explained why he is pro dogecoin as the controversy over web3, Ethereum, and the distribution of positions is intensifying. In a similar interview, former Twitter CEO Jack Dorsey stressed that he is not something against ETH. “I am against centralized, VC-owned, single point of failure, and company-controlled lies,” he stressed.
Elon Musk Shows Why He Is A Pro Doge
Elon Musk’s Doge’s explanation came as he and dogecoin co-founder Billy Markus joined a Twitter account about web3 and Ehtereum involving Jack Dorsey. The former CEO of Twitter expressed concern this week about web3 owned by venture capitalists (VCs).
Markus wrote: I’m used to corporate establishment and I don’t see meaningful division ~ bitcoin empowers rich young people. “Musk replied,” That’s why I’m a Pro Doge.
In the same song, Dorsey explained: “I am not against ETH. I am against centralized, VC-owned, one point of failure, and lies controlled by the company. If your policy contradicts the establishment, I promise you it is not Ethereum. Do not believe me or trust me! Just look at the basics
A few people on social media have found the move by the German government to be admirable. For example, broadcaster Joe Weisenthal wrote on Twitter:
It is interesting that governments are working, in fact, to reverse crypto laundering. They take dirty crypto (caught in criminal cases, and therefore are not traded) and wash it so that it can be traded and freely in the market.
Noting that the confiscated crypto would return to normal use after cleaning, the bank explained:
Since cryptocurrencies are related to crime, they are considered ‘dirty coins’ and cannot be traded on normal trading.
The clean-up operation launched by Bankhaus Scheich “ensures that our trading partners are informed that the funds are in the right hands and that they are ‘clean,’ allowing them to be sold,” states the letter. However, the Frankfurt-based bank did not provide further details on the plan.
Bankhaus Scheich noted that the cryptocurrency seized was sold one week earlier this month. The current revenue will be transferred to the national government budget.
Prosecutors and the bank have said they will work together on future criminal cases to recover cryptocurrency seized from markets.