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There's a kool-aide concern here, which is: to play in the web3 world, you seem to need to have either a LOT of capital that is fine to lose or have access to t
by laurex 5y ago
There's a kool-aide concern here, which is: to play in the web3 world, you seem to need to have either a LOT of capital that is fine to lose or have access to this small community. The communities I've joined are indistinguishable from Twitch communities where there's a lot of bro high-fives and mutual appreciation for the riches being invented, not much concern for what the side effects might be. And because there's an advantage in staking, people who can afford to just leave money in these volatile currencies get richer. Not saying this is really any different than the world in general, but it seems like web3 advocates paint a picture of "disruption" that feels more like "entrenchment" from an economic vantage.