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The downside of web3 has been marked this year by ‘Money Crypto’ creating catastrophic events in the space with algorithmic stablecoins (Terra/LUNA collapse), over-leveraged arrogant traders (3AC), and a fraudulent exchange run by a sociopath (FTX). Unfortunately, this has played out on the world sta...

The downside of web3 has been marked this year by ‘Money Crypto’ creating catastrophic events in the space with algorithmic stablecoins (Terra/LUNA collapse), over-leveraged arrogant traders (3AC), and a fraudulent exchange run by a sociopath (FTX). Unfortunately, this has played out on the world stage. Thus this is the common association with the term ‘crypto’ that largely elicits a response of understandable skepticism of the space. How could it not? I am optimistic that the future will largely be focused on ‘Tech Crypto’ over the next decade, which is why I joined the space – I have little interest in ‘Money Crypto’ and the thesis around sound money. I believe in the ‘Tech Crypto’ sector, which is the fundamental belief that building applications on a blockchain, rather than centralized services, allows you to redistribute power to users equitably, whereas web2, all of the power sits inside of significant wall-garden of centralized experiences putting users at a severe disadvantage in a lot of circumstances -- not all of them. I take a measured approach that part of the tech future will be web3, not all of it.

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