Web2 investors are in for a rude awakening with their "Costco internets" aka, semi-centralized projects made for the sole purpose of enriching seed round investors.
So true
You're no longer just a content creator, you're now a business ...
Using your own start-up capital to buy HIVE to get going, right?
... but what's to keep the 'Costco' guys from setting up shop here too?
😐
Lol they called the bluff.
Went all in.
All your chains are belong to us.
This dream of web3 belonging to the people is ludicrous. How exactly are the people going to be gatekeeping?
Money = business = money.
Tokenisation out of thin air is just code until someone buys in. The masses aren't cashed up. VCs get to select who gets bought because THEY ARE gatekeepers of money.
No doubt about it, just like there is no such thing as tokenisation out of thin air (aside from the scams), money is its own gatekeeper (capital's first and foremost priority is self-presevation), BUT there are ways of mitigating the extremes, like democratic checks and balances, for example.
Utopia doesn't exist, but that is no justification for being defeatist - there are happy mediums, middle grounds that work well for all, that just take a little work and a lot of common sense.
Everyone needs to weigh in though, with their feet on the ground. Would like to see what @theycallmedan thinks about this ... I left a similar comment for @taskmaster4450 yesterday and got no reply there either ... but I'm not going to give up ... we can never give up trying to make our lives better ... even if Utopia doesn't exist.
Exactly and that's why I use that image because the money men WILL take notice once they smell blood. You're also right that token creators are paying for that privilege to be a creator because they are 'down the chain' .. Even if reviving old code the network must live somewhere where costs exist.
No matter how much we believe in these systems we can't just ignore the challenges and only talk about how great ideas can magically become the perfect system.
Lukestokes made a solid point on his blog recently. That it's easy to speculate but extremely hard to actually build.