Crypto Can’t Build a Better Internet
jacobin.com
Crypto Can’t Build a Better Internet
1–4 of 4 posts
Re: Crypto Can’t Build a Better Internet
#2Quotes from the article:
> For all its utopian trappings, web3 tech like cryptocurrency only deepens the problem of elite control over the internet. We have an alternative.
> The promise of web3 is a promise to re-create the inequalities of modern capitalism, with 0.01 percent of Bitcoin holders controlling 27 percent of the cryptocurrency in circulation as of December 2021.
Re: Crypto Can’t Build a Better Internet
#3Argument from incredulity.
Re: Crypto Can’t Build a Better Internet
#4Quotes from the article: > For all its utopian trappings, web3 tech like cryptocurrency only deepens the problem of elite control over the internet. We have an alternative. > The promise of web3 is a promise to re-create the inequalities of modern capitalism, with 0.01 percent of Bitcoin holders controlling 27 percent of the cryptocurrency in circulation as of December 2021.
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