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That's how I've seen Web3 so far, a shift in ownership from the classical finance world to other groups. When a new technology catches fire and is pushed so ha
by ianbutler 5y ago
That's how I've seen Web3 so far, a shift in ownership from the classical finance world to other groups.
When a new technology catches fire and is pushed so hard by a certain group of people your first obvious instinct should be "ah this technology must shift power into their group" if this was shifting power to a traditionally disenfranchised group that wouldn't be a bad thing and as I understand it for various less stable countries Web3 is helping with that -- not all power transfer is a bad thing -- but here in the US Web3 looks to be a power transfer from the classic finance institutions to VC groups which are not particularly disenfranchised.
I can't say if that's bad or not but I don't think it matters to the everyday person and that may be why Web3 is hard to grasp for a lot of people here in the US because it doesn't solve problems for the everyman and so it looks like business as usual from that angle.