Crypto/
DeFi
- The advent of Bitcoin sparked innovation, but over time,
- centralization increased. Factors such as the influx of big money,
- greed, hype, and FOMO contributed to this trend. The introduction of
- many money legos worsened the situation, leading to boom and bust
- cycles.
+ We get the birth of Bitcoin and all of the innovation that followed.
+ While BTC and a handful of other chains have remained decentralized
+ both in operation, and access, the innovation over time has caused
+ things to re-centralize.
+
+
+ This is due to several factors including big money coming in, pushing
+ greed, hype, and "FOMO". The invention of several new logos's causing
+ this to only get worse, creating a classic "boom" and "bust". Human
+ nature tends to be greedy, so over time, money overrode principles.
+
+
+
+ Many development teams prioritized inventing new ideas and "shipping"
+ them to users, while selling them "tokens" to exit at their expense,
+ all while knowing none of what they created was truly decentralized.
+
+
+
+ It became one large crypto casino.
-
+
-
+
Web3
- Web3 emerged as a buzzword to replace DeFi, but its meaning varies.
- Despite aiming for decentralization, Web3 relies on centralized
- crypto/DeFi infrastructure. Money dominates over ideology, driven by
- funders. A balance is necessary between free markets and public goods
- to address the current imbalance.
+ What to say about Web3? Honestly... upfront it appeared to get used as
+ a new buzz word to replace "DeFi". Terms like "Web3" and "Metaverse"
+ have many different meanings to many people. It is intended to include
+ more than just money and trading, and yet every blockchain-based
+ system that can be labeled "web3" still builds onto of the same
+ centralized crypto/defi infrastructure.
+
+
+ The end result is an ecosystem that promotes and wants to
+ be decentralized, but where money overrules ideology, ethos, and principles.
+ This is in part due to who's bankrolling it all, and thus the incentives
+ to build make it more about the money then about freedom.
+
+
+ There needs to be a balance here between free markets/money and public
+ goods/infra, and so far things are way out of wack and need to be
+ fixed.
@@ -93,41 +138,76 @@ import meme4Small from "/src/assets/meme-4-small.png";
Web1
- Nostalgically recalled for chat rooms and IRC by tech enthusiasts,
- signifies the era of integrated services like AOL dial-up, providing web
- access, email, shopping, and chat for mainstream users.
+ Web1 is probably best remembered by geeks as chat rooms and IRC (which
+ still exist to this day, but only to power users). To normal users it was
+ the age of AOL dial-up and similar networks where you got web, email,
+ shopping, and chat all in one place..
Web2
- Featuring improved gaming, online apps, and video streaming, was swiftly
- monopolized by Silicon Valley, creating a top-down system controlled by a
- few tech elites. Despite innovations, this system, including the broader
- internet infrastructure like ISPs and domains, regulates your web
- experience, often citing "safety".
+ Web2 since evolved with the web browser and we got better gaming, online
+ apps, video streaming and calling and much, much more. However, it also
+ got quickly captured by Silicon Valley and what some refer to as the "tech
+ bros".
+
+
+ So despite the innovation that occurred, it has turned into a top-down
+ system where only a few geeks/CEO's and their investors control your entire
+ web.
+
+
+ This also excludes the wider internet infrastructure of domains and ISP's
+ (internet providers and hosting), who also play a part in controlling your
+ web, be it for your "safety", or other reasons.
Crypto/DeFi
- The advent of Bitcoin sparked innovation, but over time, centralization
- increased. Factors such as the influx of big money, greed, hype, and FOMO
- contributed to this trend. The introduction of many money legos worsened
- the situation, leading to boom and bust cycles.
+ We get the birth of Bitcoin and all of the innovation that followed. While
+ BTC and a handful of other chains have remained decentralized both in
+ operation, and access, the innovation over time has caused things to
+ re-centralize.
+
+
+ This is due to several factors including big money coming in, pushing
+ greed, hype, and "FOMO". The invention of several new logos's causing this
+ to only get worse, creating a classic "boom" and "bust". Human nature
+ tends to be greedy, so over time, money overrode principles.
+
+
+ Many development teams prioritized inventing new ideas and "shipping" them
+ to users, while selling them "tokens" to exit at their expense, all while
+ knowing none of what they created was truly decentralized.
+
+
+ It became one large crypto casino.
Web3
-
- Web3 emerged as a buzzword to replace DeFi, but its meaning varies.
- Despite aiming for decentralization, Web3 relies on centralized
- crypto/DeFi infrastructure. Money dominates over ideology, driven by
- funders. A balance is necessary between free markets and public goods to
- address the current imbalance.
+
+ What to say about Web3? Honestly... upfront it appeared to get used as a
+ new buzz word to replace "DeFi". Terms like "Web3" and "Metaverse" have
+ many different meanings to many people. It is intended to include more
+ than just money and trading, and yet every blockchain-based system that
+ can be labeled "web3" still builds onto of the same centralized
+ crypto/defi infrastructure.
+
+
+ The end result is an ecosystem that promotes and wants to be
+ decentralized, but where money overrules ideology, ethos, and principles. This
+ is in part due to who's bankrolling it all, and thus the incentives to build
+ make it more about the money then about freedom.
+
+
+ There needs to be a balance here between free markets/money and public
+ goods/infra, and so far things are way out of wack and need to be fixed.
