read.cash Log in
@Alther more from that month

Web3 and the Myth of Highly Sold Freedom Web3 is a symbol of freedom, who says so? Those who created it say it's possible. Everyone is free to create, free to express themselves, free from the shackles of a system that has been oppressive. But why, every time I enter a Web3 space, I see a gang of digital elites sitting on piles of tokens, watching us from afar, as if we were ants searching for crumbs from an airdrop that fell from their dinner table. Then this is true decentralization, he said again. Where everyone has a voice. But who will listen to your voice if you don't have 10,000 followers and stake hundreds or thousands of dollars in tokens? DAO voting? Haha, funny. Voting that turns out to be just a formality. Where the winner is still the one with the allocation, not the one who just dreams.

When I think about it, after entering and experiencing the world of Web3, the more I feel: this is just a second-hand version of Silicon Valley. The difference is, the masks are disguised with the slogans of freedom. Web3 is freedom. But unfortunately, freedom for whom? Is it for those of us who are told to trust a transparent system, yet every week there's always a project that flops? Or for those whose audits are just PDFs on Google Drive? So, who is this freedom for, if it turns out only VC-backed projects will rise to the top?

Web3, a place where many people can lose more time and hope than money, and that's a stark reality. Yet, many people still persist, because the only thing worse than failing in Web3 is everyone leaving Web3 and returning to the real world, which turns out to be less than ideal, and even worse to navigate. So, perhaps many people persist. While writing articles like this, like me. And waiting for that one opportunity that supposedly exists—in a supposedly open network—for the little people like us. But in reality, everyone knows the final answer.

1 comment

Log in to join in Reading is open to everyone. Replying needs an account.