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People generally tend to oppose something for one of two reasons. Firstly, it is often a dynamic that involves protecting the “Golden Goose”. Heavy opposition often befalls an idea that will somehow cause an existing entity or model to shrink in terms of profitability and relevance. We have seen this to be rather prevalent within the traditional banking sector when it comes to Cryptocurrencies as a whole. If you have ever been involved in business, you will understand the following: If something is truly not viewed as a threat, it is simply ignored, plain and simple. An attack or onslaught is evidence of a threat.
Secondly, it’s about control and being “the hero”. Although not completely, WEB3 does remove a lot of control from existing entities. Along with that, although not directly, being the creator of the web also implies a level of control. Tim Berners-Lee is accredited with creating the world wide web, and as a result, garners a level of relevance and control. In a world where the internet moves on to a newer and more superior version, he becomes irrelevant, in a similar way to Henry Ford. Henry developed the motor vehicle, but the attention is now on people such as Elon Musk. A once great breakthrough is fast becoming irrelevant.
When you look at what Tim has to say in regard to WEB3 it becomes apparent that both of these reasonings could be applicable to the stance he has chosen to take. On closer inspection, it becomes clear that Barners-Lee has his own version of WEB3 that he is trying to promote and establish. The internet creator is simply not content to remain in the past. He wants to be relevant, he wants to build a new version of the web as well. He wants the glory and everything else that comes along with it. A person in this position would also argue against the most perfect alternative.
For Those Who Pay No Attention
It is important to note how many so-called influential individuals have changed their viewpoints on Crypto over the past few years. Not only are many of these individuals now in favor of Crypto but also recognized as “voices” in the space. You may recognize some of the following names as once being against Bitcoin and Crypto. However, you might not have known that these individuals were at one time heavily opposed to Crypto.
Now, billionaire technology investor Mark Cuban, who sold Broadcast.com to Yahoo for $5.7 billion in 1999, has said he’d “rather have bananas than bitcoin,” warning potential bitcoin and cryptocurrency investors that digital tokens have “no intrinsic value.”
This is a quote from 2019, just prior to the bull market of 2020 and 2021. Isn’t it amazing that Bitcoin is seen to have no intrinsic value, and then later on he is investing in NFTs? It’s laughable actually. What is worse is that many within the Crypto space actually pay attention to the opinions of such individuals.
Michael Saylor was once also heavily opposed to the idea of Bitcoin, but we can be a bit more understanding in this instance, as this was back in 2013. I think we can cut him a bit of slack. However, Cuban and O’Leary are newcomers to the Crypto camp.
The point being made here is that outside of some type of personal benefit, people are opposed to an idea. It is therefore not surprising that Tim is against the idea of WEB3 and a blockchain-based alternative. Essentially, true advancements have a way of coming to fruition, regardless of who the opposition is. History has taught us this.
I guess time will tell just how powerful an idea WEB3 truly is.
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