<story><title>Web3 doesn’t care about privacy</title><url>https://coinsights.substack.com/p/the-duality-of-web3</url></story><parent_chain><item><author>endymi0n</author><text>Web3 also doesn‘t care about anything else than holding up just enough hype and credibility so the original creators of the Ponzi scheme can cash out.</text></item></parent_chain><comment><author>baxtr</author><text>This is becoming a meme. Anyone can post a comment containing the words web3, ponzi, scam, hype and add literally no value but still get upvoted.&lt;p&gt;My take on crypto at this point is very simple: At least we have the transparency. There are so many scams going on in the financial industry. But it&amp;#x27;s hard to undercover, because all is opaque.&lt;p&gt;It is the same with energy costs. Has anyone dared to calculate the CO2 release of traditional core banking systems or even running a large network of physical branches. No, because it&amp;#x27;s difficult and opaque. With the public blockchain these things actually can be calculated, which is a good thing I believe.&lt;p&gt;Same with art. Is the broad public aware of the crazy price tags paid in the art scene over the last two decades? NFTs make this public.&lt;p&gt;If more people would embrace the transparency created instead of complaining about the space all the time, we would create a better world.</text></comment>
<story><title>Web3 doesn’t care about privacy</title><url>https://coinsights.substack.com/p/the-duality-of-web3</url></story><parent_chain><item><author>endymi0n</author><text>Web3 also doesn‘t care about anything else than holding up just enough hype and credibility so the original creators of the Ponzi scheme can cash out.</text></item></parent_chain><comment><author>Animats</author><text>After several months of reading Reddit&amp;#x27;s r&amp;#x2F;metaverse, I have to agree. The number of crypto-related projects which have actually produced a working 3D world is very small. Most don&amp;#x27;t even try. The ones that work are mostly some web browser thing that looks like a Shockwave Flash game from 1999 or so.&lt;p&gt;I&amp;#x27;m interested in large 3D virtual worlds with user created content.
I&amp;#x27;ve read at least twenty metaverse &amp;quot;white papers&amp;quot; and &amp;quot;roadmaps&amp;quot; which go on and on about their &amp;quot;tokenomics&amp;quot; but have little or no info about how they actually intend to build a 3D world.
The contribution of the crypto crowd to actually making it happen is near zero. I&amp;#x27;m disappointed. I&amp;#x27;ve seen &amp;quot;fake it til you make it&amp;quot; before, but a lot of those guys aren&amp;#x27;t even trying.</text></comment>