No, Jack Dorsey is not trolling ETH by way of making its brand the Ethiopian flag


Crypto Twitter used to be united in amusement nowadays when the hashtag #eth started to routinely display the Ethiopian flag because the Ethereum ‘brand’.

Given Twitter CEO Jack Dorsey’s love of Bitcoin and the truth Bitcoin has its personal Twitter icon many puzzled if Dorsey used to be subtly trolling Ethereum (ETH). In spite of everything he’s a staunch Bitcoin (BTC) maximalist that has refused to believe buying into ETH and different altcoins on a couple of events and has many times mentioned that Bitcoin will turn into the internet’s native currency.

The Twitter and Sq. founder without a doubt noticed the humorous aspect of it, Tweeting “#eth”  which drew the eye of the respectable Olympics account which mentioned it used to be “nice to look Jack and the crypto group supporting the #ETH athletes!”

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Twitter influencer Crypto Cobain additionally found the humorous aspect and tweeted “HAHA” to his 403,400 fans that “that is best.”

NFL footballer Sean Culkin, who’s changing his complete 2021 NFL salary into Bitcoin, puzzled why such a lot of other folks had been “now not understanding its a troll”

Bitcoiners similar to “Bitcoin Meme Hub” jumped within the funny story by way of posting pretend Tweets from Ethereum co-founder Vitalik Buterin supposedly mentioning that “this isn’t humorous Jack.”

Hashflags

In truth, the Ethiopian flag had not anything to do with Ethereum in any respect. The social media platform has been attaching flags to hashtags of countries competing within the 2021 Tokyo Olympics. The promotion is a part of a ‘hashflags‘ marketing campaign that the platform additionally did for the 2016 Olympics in Rio De Janeiro.

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Apparently the Twitter CEO used the Ethiopian flag to advertise Bitcoin previous this yr, after he retweeted lobbying efforts from a gaggle of Ethiopian-based marketers dubbed “Venture Mano” who had been urging their govt to consider mining and hodling BTC.

Dorsey this week spoke at “The ₿ Phrase,” — a virtual Bitcoin event along Tesla CEO Elon Musk and Ark Make investments CEO Cathie Picket. All through the development, Dorsey outlined his hope that Bitcoin “creates international peace or is helping create international peace.”

“We now have these kind of monopolies off stability and the person doesn’t have energy and the volume of price and distraction that comes from our financial machine nowadays is actual and it takes away consideration from the larger issues,” he mentioned as he emphasised Bitcoin’s possible for fixing monetary inequality.