4 ms·

> Certainly Web3 isn't just crypto-bros trying to take over the web? That's exactly what it is. They don't want anything new or innovative, they just want to b

> Certainly Web3 isn't just crypto-bros trying to take over the web? That's exactly what it is. They don't want anything new or innovative, they just want to be able to levy a tax on what everyone does online.

sdiacom 4y ago
It's a bit sillier than that, since for the time being, crypto-bros are making money not by levying a tax on what people do online, but by speculating on the potential future income from levying a tax on what people do online. Convincing others that there's imaginary future money on taxing online interactions is where the real present money is actually made. In a way, this turns their biggest weakness (they can't actually achieve their goal) into their biggest strength (their audience is people who aren't tech-literate enough to understand that they can't actually achieve their goal)
- TedDoesntTalk 4y ago
  Where can I read about this? What tax is being proposed? Staking?
- gernb 4y ago
  The crazy thing is Google, Microsoft, Amazon (and I'm pretty sure Apple and Meta too) have Web3 stuff https://cloud.google.com/web3 https://cloud.google.com/web3 https://mybuild.microsoft.com/en-US/sessions/dce02ee4-1c0d-4999-9962-92910000bd90?source=sessions https://mybuild.microsoft.com/en-US/sessions/dce02ee4-1c0d-4... https://aws.amazon.com/blogs/startups/register-today-for-aws-web3-ready-on-september-15/ https://aws.amazon.com/blogs/startups/register-today-for-aws...
  - jazzyjackson 4y ago
    You don't get rich digging for gold, you get rich selling shovels.
threeseed 4y ago
Also about VCs having a lot of excess money that they siphoned from LPs during the zero interest rate period. And since Web2 has largely picked its main winners and losers an opportunity existed to reset the game and pick another set. Only this time they would be the ones to invest in the next Apple, Google etc.

4 ms·

> Certainly Web3 isn't just crypto-bros trying to take over the web? That's exactly what it is. They don't want anything new or innovative, they just want to b

by SrslyJosh 4y ago

sdiacom 4y ago
It's a bit sillier than that, since for the time being, crypto-bros are making money not by levying a tax on what people do online, but by speculating on the potential future income from levying a tax on what people do online. Convincing others that there's imaginary future money on taxing online interactions is where the real present money is actually made. In a way, this turns their biggest weakness (they can't actually achieve their goal) into their biggest strength (their audience is people who aren't tech-literate enough to understand that they can't actually achieve their goal)
- TedDoesntTalk 4y ago
  Where can I read about this? What tax is being proposed? Staking?
- gernb 4y ago
  The crazy thing is Google, Microsoft, Amazon (and I'm pretty sure Apple and Meta too) have Web3 stuff https://cloud.google.com/web3 https://cloud.google.com/web3 https://mybuild.microsoft.com/en-US/sessions/dce02ee4-1c0d-4999-9962-92910000bd90?source=sessions https://mybuild.microsoft.com/en-US/sessions/dce02ee4-1c0d-4... https://aws.amazon.com/blogs/startups/register-today-for-aws-web3-ready-on-september-15/ https://aws.amazon.com/blogs/startups/register-today-for-aws...
  - jazzyjackson 4y ago
    You don't get rich digging for gold, you get rich selling shovels.
threeseed 4y ago
Also about VCs having a lot of excess money that they siphoned from LPs during the zero interest rate period. And since Web2 has largely picked its main winners and losers an opportunity existed to reset the game and pick another set. Only this time they would be the ones to invest in the next Apple, Google etc.