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Nothing weird about it. Crypto / web3 is about financializing everything. I.e, making everything about money. The goal is to create a gamified world in which
by zepto 5y ago
Nothing weird about it. Crypto / web3 is about financializing everything. I.e, making everything about money.
The goal is to create a gamified world in which all human interactions are controlled via financial incentives.
The contrast is not communism, but rather the current gift economy model of open source, where people offer what they want out of intrinsic motivation rather than the desire to accumulate coins in a ledger.
- AlexandrB 5y agoThis is the really icky part of crypto. It would be deeply ironic if crypto, which was supposedly created in opposition to traditional banking institutions, was able to open the door for those institutions to financialize every nook and cranny of our lives.
- zepto 5y agoI don’t see what’s ironic about it. Those existing banking institutions may not prevail, but that’s irrelevant. The financial engineers behind crypto are not some different breed of human than those who work at Goldman Sachs. Their goal is nothing but financializing all interactions on the web. That is literally what web3 means.
- pohl 5y agoThere's no shortage of icky parts of crypto. The whole idea from the outset was to enable an end-run around societal regulation of undesireables like money laundering, hiring hits, funding terrorism, human trafficking, tax evasion, and trading drugs & child pornography.