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RE: Could Tyranny Arise In Web 3.0?

in LeoFinance3 years ago (edited)

with the huge amount of vc involvement in the space and poor distribution (founder stake etc...) it is inevitable.
of course this has nothing to do with web3 because hive is the only true web3 platform.
the thing is that most people don't care. if web2.5 can make them money they will shill it. to them web3 is a buzz word. they are still locked in a scarcity mindset and thus have no time for principles and are loyal to their bags only.

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You're perfectly right. There's lots of youtubers that are praising decentralized blockchain technology while still be heavily involved in web2.

Posted Using LeoFinance Beta

Yeah and they wont even consider Web 3.0.

If they posted on YouTube and backed it up, a week or two later on 3Speak, I would be impressed. But instead, they operate solely on Web 2.0.

That is why I am anxious for #ProjectBlank. Get that out there and remove the excuses as to why they cant use it.

Posted Using LeoFinance Beta

I agree 100%. The VC is certainly an area of vulnerability, not only from their direct take over but also the control governments can exert upon them.

We do know there are some projects arising without VC involvement. At the same time, VC are not open source, why would they it kills their ROI potential. How rapidly do these spread?

Posted Using LeoFinance Beta

really this nothing more that what we have seen from big tech. the 3 Es.
embrace open source innovation.
extend the protocol through 3rd party tools.
extinguish the open parts in favor of a closed system.
consume all value.
repeat.

That is true. It is something that did for decades.

We need to ensure we keep those open parts open.

Posted Using LeoFinance Beta