Crypto and Web3
Web3 is all the rage now. The problem is that it is a mixture of genuinely interesting new technology, opportunistic money making schemes and scams. There is so much hype around this that a lot of non-technical folks are being drawn into it without understanding and are at risk of loosing a lot of money. I am going to attempt to differentiate some of these as best as I can. The Promise De-centralization and free from government control – that is the dream that is being sold. The web, unfortunately, has evolved to be controlled by a few tech giants like facebook, google, amazon and twitter. Of course there are general troubles of social media controlled by companies manipulating user behavior towards goal of profits. People who want alternatives that don’t push harmful content such as anti-vax or censorship find themselves out of choice. So, there is a want for a web free from ability to be controlled centrally. This is a very valid one. Taking this too far. A lot of crypto things se