#ETH 🇪🇹 | Weekly Recap

Jack Dorsey tried to troll Ethereum...but did it backfire?

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Dear Bankless Nation,

Jack trolled the Ethereum community this week.

With the Summer Olympics starting up, every country’s 3-letter abbreviation on twitter gets a flag after the hashtag.


#FRA 🇫🇷

And…#ETH 🇪🇹

#BTC gets a symbol on twitter but #ETH becomes the abbreviation for Ethiopia.

It’s just a hashtag though.

Yeah, of course. But there’s context.

Jack knows hashtags are important for social legitimacy.

Here’s him in 2020 celebrating Twitter’s addition of the Bitcoin symbol for #BTC, even calling for Unicode support. Bitcoiners go wild.

Here’s him saying No to ETH even as Twitter minted Ethereum NFTs. Here’s him announcing plans to create DeFi on Bitcoin while completely ignoring the progress made in the existing DeFi ecosystem.

No big deal. Jack can support things he believes in and ignore things he doesn’t.

Yeah, for sure.

But all I’m saying is he knew exactly what he was doing when he tweeted #eth 🇪🇹.

Anyway here’s where the story gets good.

The Ethereum community didn’t get angry. They didn’t whine.

They embraced #eth 🇪🇹

And ran with it.

And made it fun.

Maybe they’ll make it positive next.

Ethereum 🤝 Ethiopia.

Like Luther’s reformation, the people pushed back through memes.

The point is this…

Jack Dorsey—the CEO of the 4th largest social media network in the world and with the power to literally ban a president—doesn’t get to decide which cryptocurrency you use.

Neither does Jerome Powell. Or Jamie Dimon. Or Elon Musk.

They can try to use their power to influence the outcome…but they don’t control it.

This is a bottom up revolution.

The people get to choose.

You. Me. Us.

Here’s what’s lined up for next week:

  • We’re dropping the EthCC podcast experience (your FOMO antidote)

  • A deep dive into Olympus DAO 👀

  • Tuesday is BED Day with the Index Coop! (best DAO in crypto?)


Have a great weekend everyone.


P.S. Sign up for the Smart Contract Summit! It’s a FREE virtual summit featuring 200+ leading speakers and projects across the DeFi industry. David I hosting a panel. Register here.

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Recap for the week of July 19th, 2021


Listen to podcast episode | iTunes | Spotify | YouTube | RSS Feed


  1. Execute any good market opportunities you saw in Market Monday

  2. Learn how to make money with Axie Infinity

  3. Explore what happens when you donate $500M in dog tokens to Gitcoin 🔥

  4. Evaluate Perpetual Protocol and PERP

  5. Admin what you were wrong about


  1. 🎙️ Listen to The History of Electronic Markets | Tarun Chitra

  2. 📺 Watch Introducing ShapeShift DAO | Erik Voorhees

  3. 📺 Watch Rollup: EthCC Paris | BED Index | Elon, Jack, Cathie Wood


  1. The NFT Demand Boom

  2. OpenSea valued at $1.5B

  3. Immutable X unveils IMX


  1. Bankless DAO Weekly Rollup #12

  2. Introducing Bankless BED Index 🔥

  3. Hosting the Bankless DAO Art Show

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📺 State of the Nation: Introducing ShapeShift DAO | Erik Voorhees

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