The political foundations that have permeated its design are intolerable alone. Austrian School, "sound money," economics put the liberty of the individual above that of society. The entire community walks and talks like a fascist movement: they celebrate masculinity and "strong leaders," authoritarianism and oligarchy, they see themselves as superior and righteous, and above the law. It's the preferred way to fund blockades, white nationalist movements, etc.
Let alone that the technology is hot garbage and shouldn't even be out of the prototype stage. Hasn't your mother taught you not to eval a strangers code on your computer? Well that's what a smart contract does and it handles financial assets too. If you can read and understand proofs the attempts to formalize these machines have produced reams and reams of theorems and work in order to try and make this safe(r)... yet hackers continue to siphon off trillions of dollars in attack after attack. If the proof is so complex that you can't understand it then it's a sign your sniffing down the wrong path.
But that doesn't even matter. Most of web3 tech is only good enough to pull off the grift. I suspect that's why most scammers have moved on to target holders of cryptoassets rather than old folks and banks: it's easier, less risky, and way more profitable. So go ahead, spend 20k and invest in an NFT and flex on all your socials. If you have already I guarantee you're on someone's list.
If you're interested in following along with how much money has been lost, stolen, scammed, and simply disappeared: https://web3isgoinggreat.com
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Agreed.
The political foundations that have permeated its design are intolerable alone. Austrian School, "sound money," economics put the liberty of the individual above that of society. The entire community walks and talks like a fascist movement: they celebrate masculinity and "strong leaders," authoritarianism and oligarchy, they see themselves as superior and righteous, and above the law. It's the preferred way to fund blockades, white nationalist movements, etc.
Let alone that the technology is hot garbage and shouldn't even be out of the prototype stage. Hasn't your mother taught you not to eval a strangers code on your computer? Well that's what a smart contract does and it handles financial assets too. If you can read and understand proofs the attempts to formalize these machines have produced reams and reams of theorems and work in order to try and make this safe(r)... yet hackers continue to siphon off trillions of dollars in attack after attack. If the proof is so complex that you can't understand it then it's a sign your sniffing down the wrong path.
But that doesn't even matter. Most of web3 tech is only good enough to pull off the grift. I suspect that's why most scammers have moved on to target holders of cryptoassets rather than old folks and banks: it's easier, less risky, and way more profitable. So go ahead, spend 20k and invest in an NFT and flex on all your socials. If you have already I guarantee you're on someone's list.
If you're interested in following along with how much money has been lost, stolen, scammed, and simply disappeared: https://web3isgoinggreat.com