Reddit Posts
The $FAST token operates on a simple revolutionary principle: BASE price CAN ONLY go UP | Dive into this extraordinary Tokenomics | Doxxed | Next Moonshot 100x Gem |
Fix the title to be this : "The $FAST token operates on a simple revolutionary principle: BASE price CAN ONLY go UP | Dive into this extraordinary Tokenomics | Doxxed | Next Moonshot 100x Gem |"
The $FAST token operates on a simple revolutionary principle to ONLY go UP | Dive into the extraordinary | Next Moonshot 100x Gem |
Only 12 Days Left Till The #1 Hyped Memecoin Of 2024 Launches On Uniswap. This Is Not Your Average Memecoin As It Has A Doxed Team And 2 Utilities. Experts Say It Can Hit A Billion Dollar Market Cap Fast. Join Our Active Community Before It Explodes Into Oblivion!
Less Than 2 Weeks Away (13 Days) Till The #1 Memecoin Of 2024 Launches. The Project Already Has 2 Utilities And The Team Is Doxed. Taxes Are Super Cheap And The Community Is Active. Join For Free Now Before The Token Explodes Into Oblivion!
$SBONK = missed bonk? You’ve still got a chance! | Solana
$SBONK = missed bonk? You’ve still got a chance!
$SBONK = missed bonk? You’ve still got a chance!
CRAZY DOGE - CRAZY DOGE is a rapidly growing community with an ambition to infiltrate every household Meme
BOTiFi - Join The Future Of Fully Automatic, Profitable Crypto Trading With 1st Ever AI Smart DEX.
The End Of The Wild West For Decentralized Crypto Trading
The End Of The Wild West For Decentralized Crypto Trading
[IMPORTANT]: Updated Gemini SGD Deposit Experience + Fee Change
A strong narrative around LSDfi is building up with exciting airdrops opportunities
Obama Inu | OBAMA | Cmc & Cg Fast Track | Audit | Live on now Pinksale ! Huge Potential !
Obama Inu | OBAMA | Cmc & Cg Fast Track | Audit | Live on now Pinksale !
Raptor Jesus the Messiah of Memes, originated in 2006 the next 100x Fair Launching Soon!
Win iphone 14 with the rising, superfast, super cheap and super safe blockchain…Kaichain
Win iphone 14 with the rising, superfast, super cheap and super safe blockchain…Kaichain
Win iphone 14 with the rising, superfast, super cheap and super safe blockchain…Kaichain
Win iphone 14 with the rising, superfast, super cheap and super safe blockchain... Kaichain
Win iphone 14 with the rising, superfast, super cheap and super safe blockchain... Kaichain
Do you already know the queen of Pepes? Milady PEPE Fairlaunch| Don't miss your spot in this big release where our team aims to break another record!
Here’s a couple of tips to make your crypto journey easier:
Bitgert went 500x since launch. Can this blockchain do the same thing with speed 10,000x than Ethereum?
So much happened this week in crypto, here's the breakdown 👇
Minima’s Presale Extension — ICO featured on Crypto Daily – Explore now!
Bitcoin Mining Reward Sustainability - Can it survive the next few cycles?
ElvishMagic | $EMP | The world's first metaverse Launchpad system !!!
If You Missed Core and Remitano not miss CatStar 🤩 NFT and Metaverse 🥳
KAJINO INU just launched| CMC & Bitmart exchange listing tomorrow | Affiliated with BC.game (Same Devs) | Audited | KYC’d | Dev doxxed | Get in Here Fast
KAJINO INU just launched| CMC & Bitmart exchange listing tomorrow | Affiliated with BC.game (Same Devs) | Audited | KYC’d | Dev doxxed | Get in Here Fast
KAJINO INU just launched| CMC & Bitmart exchange listing tomorrow | Affiliated with BC.game (Same Devs) | Audited | KYC’d | doxxed
Vault Finance (VFX) Token is blazing! Our first no buy tax happy hour starting today at 9pm Eastern and running for 12 hours! Launched for less than 2 months now with non-stop massive partnerships, sell-less & cross-chain exchange that's gaining momentum by the minute plus much much more!
MARMY - Meme Army Token | Presale Starting Today! | Hyped Meme Project Thats Uniting All Meme Projects | Stake to earn tokens | Locked Liquidity - Audited by Interfi & Gempad
PythonsCoin | 1k MCAP | First NFT backed by Treasury in planning | Our Goal is to build an Ecosystem in DeFi Products | Burn, Tokens for Loyal Holders and more | To The Moon With PythonsCoin.
The X Finance - $Thex | Next Generation of DeFi on BSC - Strong Community | Lending platform - Secure Dapp | Stealth Launch today 18:00 UTC | Visit our community and be part of project - Layer2 project of the week.
TamaDoge | Stealth Launched 10 Minutes| Tax 0% | Moonshot Potential
My beginner's luck in Crypto - a (minor) success story!
TITLE: PythonsCoin | Launching Now | DeFi and Privacy Products in Planning | Our Goal is to build an Ecosystem in DeFi Products | Burn, Tokens for Loyal Holders and more | To The Moon With PythonsCoin.
PANDAGIRL | Stealth Launched 10 Minutes | LIVE Whitelist Competition | Presentation Video Out | Moonshot Potential
LOGE| | Just launched 10 Minutes Ago | Liquidity Locked+ renounce | Dev previous project 500K MCAP| Bullish Organic Chart | Best Community | Meme Token
LOGE | Stealth Launched 10 Minutes | LIVE Whitelist Competition | Presentation Video Out | Moonshot Potential
HOTD | Stealth Launched 10 Minutes | LIVE Whitelist Competition | Presentation Video Out | Moonshot Potential
LOGE | Stealth Launched 1 Hours | LIVE Whitelist Competition | Presentation Video Out | Moonshot Potential
How To Do Your BITSO Crypto Tax FAST With Koinly
How To Do Your BITKUB Crypto Tax FAST With Koinly
Umbrella Protocol ($UMP) | 15% Busd Reflections on Each Transaction | 7 Years Locked Liquidity | FairLaunch Time on Today 18:00 UTC!
Umbrella Protocol ($UMP) | 15% BUSD Reflections on Each Transaction | 7 Years Locked Liquidity | FairLaunch Time on Tomorrow! | Professional Team
Umbrella Protocol ($UMP) | 15% BUSD Reflections on Each Transaction | 7 Years Locked Liquidity | FairLaunch Time on 24 August | Professional Team
Cool, I just sold a reddit "The eyes" NFT #998!
ETHEREUM, BITCOIN, USSTD AND OTHER CRYPTO CURRENCIES WE ARE FAST, LEGIT AND TRUSTED 🔆Stay at home and make money online!, Receive $500 daily and $10,000 monthly. Kindly download your telegram app now.. Pls stop sending out your money, come over to a legit and trusted company. Making money through b
|LOGE |Walk-to-Mordor APP| Sweepwidget Giveaway LIVE| 3000+ members
|LOGE |Walk-to-Mordor APP|LIVE Whitelist Competition|Presentation Video Out|Moonshot Potential|
Celsius Sold Over 22,000 Bitcoin Mining Rigs at 50% Discount ( $60+ MILLION Under-value) to Raise Funds FAST...
Celsius Sold Over 22,000 Bitcoin Mining Rigs at 50% Discount ( $60+ MILLION Under-value) to Raise Funds FAST...
Biggest Best Play to Earn Game released! The next Moonshot 2022 - CG & CMC Fast Track Applied! - Fair Launch now - Earn Crypto for Free - Huge Auto Rewards for Holding - Casino - Gamble - Games - Utility. MyFairWin
Recession Coin ($ECON) Presale Live Now! | The first ever token built to help offset the challenges brought from an impending recession rewarding you in Bitcoin!
Cat Coin 2.0 | CAT COIN 2.0 Rules the Cryptoworld! | Strong Community | Get in Here FAST! |
Happy4thofJuly | Ownership renounced | Ethereum chain | Swap already out | Liquidity locked | Elon musk tweet 4th of july!
Attention! The next Moonshot 2022 - CG & CMC Fast Track Applied! - Fair Launch now - Earn Crypto for Free - Huge Auto Rewards for Holding - Casino - Gamble - Games - Utility. MyFairWin
GreenDaysBack | Launch in 10 minutes | Great team and amazing community! - Join our great community - Low MarketCap - Big marketing and Influencer proposals soons! - Get in before its too late!
A brand new blockchain destined for greatness has arrived!
ALERT: It’s Time To Stock Up On THIS Immediately- It’s About To Get BAD FAST
| Custodıy Offıcıal | Strong Team | Custodiy | Start Date 18/05 | Presale
Metawarfare Official | audited | safe | kyc verified | FPS
Fair Launch Alarm ! TODAY UTC 19:00 | Meta Zengan Token | Contract Audit | Liquidity Locked | Great Team | Strong Marketing ! | %35 Burning | Auto BuyBack | Don't Miss Out | Join The Community | Get in Here FAST |
Fair Launch Alarm ! TODAY UTC 19:00 | Meta Zengan Token | Contract Audit | Liquidity Locked | Great Team | Strong Marketing ! | %35 Burning | Auto BuyBack | Don't Miss Out | Join The Community | Get in Here FAST |
| Fair Launch Alarm ! 04.04.2022 UTC 16:00 | LEPATONIA Token | Contract Audit | Liquidity Locked | Great Team | Strong Marketing ! | %35 Burning | Auto BuyBack | Don't Miss Out | Join The Community | Get in Here FAST |
| Fair Launch Alarm ! 03.04.2022 UTC 16:00 | ZENGAN Token | Contract Audit | Liquidity Locked | Great Team | Strong Marketing ! | %35 Burning | Auto BuyBack | Don't Miss Out | Join The Community | Get in Here FAST |
CRYPTO KING - $CK on NETFLIX - Up 20000% Past 24 hours
i missed shiba inu in 2021 but fortunatly found flashi shiba inu audited and kyc presale live on pinksale
Missed Shiba inu in 2021? no worries Flashi shiba inu arrived with shiba rewards and p2e game
$AIT Token operates on the Binance Smart Chain (BSC) network
Fair Launch Alarm ! 25.03.2022 UTC 20:00 | MetaLiberta Token | Contract Audit | Liquidity Locked | Great Team | Strong Marketing ! | %35 Burning | Auto BuyBack | Don't Miss Out | Join The Community | Get in Here FAST |
Fair Launch Alarm ! 25.03.2022 UTC 20:00 | MetaLiberta Token | Contract Audit | Liquidity Locked | Great Community | Strong Marketing ! | %35 Burning | Auto BuyBack | AirDrop Coming | Next 100x GEM | Get in Here FAST |
Fair Launch Alarm ! 25.03.2022 UTC 20:00 | MetaLiberta Token | Contract Audit | Liquidity Locked | Great Community | Strong Marketing ! | %35 Burning | Auto BuyBack | AirDrop Coming | Best Potential of 2022 | Get in Here FAST |
Fair Launch Alarm ! 25.03.2022 UTC 20:00 | MetaLiberta Token | Contract Audit | Liquidity Locked | Great Community | Strong Marketing ! | %35 Burning | Auto BuyBack | AirDrop Coming | Best Potential of 2022 | Get in Here FAST |
DogePi | Just launched 10 Minutes Ago| Liquidity locked 5 Month | x100000 potential | Get in Here FAST |
$DKYC (Don’t KYC) | Financial Freedom NFT Series | Launching NOW! | 150K USD in Instant Prizes | 400K in Staking and Rebuys | March 22 @ 12:00 UTC
$DKYC (Don’t KYC) | Financial Freedom NFT Series | One Day Until Launch!! | 150K USD in Instant Prizes | 400K in Staking and Rebuys | March 22 @ 12:00 UTC
$DKYC (Don’t Kyc) | The World's First Financial NFT Series is Launching | 9k+ Holders
FasterX - A Launchpad for the new generation of Tokens
Xeggex Exchange The world's most advanced crypto to crypto trading platform. No KYC No Fiat Just Crypto To Crypto.
Road2Moon| Our Utility NFTs is Launching | Play2Earn Game launching In May 2022 |NFT Drops Soon! | Deflationary Tokenomics | Doxxed Team | Take Your Place In Our Road to Moon!
$DKYC (Don’t KYC) | The World's First Financial NFT Series is Launching | 9k+ Holders | 150K USD in Instant Prizes | 400K in Staking and Rebuys | March 22 @ 12:00 UTC
| Fast Cheebs | Fair launch In Few Minutes | Low Mcap Gem | Lp Locked | Don't Miss This Gem |
Mentions
Woah, you guys move FAST! Awesome work.
But man, that is changing FAST Almost troubling haha. Slowly.... then....
Honestly, yeah feels like ETH is flying way too under the radar right now. Everyone’s focused on the short-term chop, but this kind of supply setup doesn’t come around often. When demand shows up, it’s gonna move FAST. Don’t sleep on this.
And remaining flat is best case. So many new people have been flooding in at the 80k mark, when we might see it floor god knows where for however long. I honestly didn't expect it, thinking I had to get in FAST before the final bull run of the cycle. And here we are. But total confidence it'll be back in time :) Thanks for sharing this. I'm really tired of the low brow content everywhere I turn, this was refreshing and sobering I hope for others
Obviously, ETH/XRP, but would definitely add some SUI in the mix, I love playing around in their ecosystem, super user friendly, and FAST with essentially negigble gas fees. It's my favorite layer 1 by far and has a huge upside potential in the coming years.
The last administration spent 4 years hiding problems and pretending they didn't exist. Bidens government was hiring huge numbers for federal employees to support jobs market and running absurd deficits, which is all getting currently unwound. It's essentially removing all the artificial demand injected into the economy. This is why Biden was so stupid, his rigging of the economy has caused huge inflation. Trump's solution, removing most of this money, which will reduce velocity of money and bring down prices. So you get less liquidity and lower prices. FAST.
What DID I fucking say? How, that was FUCKING FAST.
Ngl this feels like an AI response or that you Googled a response. What this overlooks is that a QC breakthrough will likely come fast with little warning. There won't be years for unrelated and unconnected people to tinker and debate with the network, change will need to happen FAST because if the protocol is broken its game over. Changes need to come before that happens. Tradfi can pivot faster and also deal with problems that ensue much more readily than a decentralized network.
He needs some serious Orange-Pilling, FAST! Samson Mow, Jimmy Song, SaylorMoon, Antolompompom or whoever else!
The Poles are Moving FAST now. 35 miles a year now We don't have much time left before the great shake up. ☠️
🚀 CATZILLA IS AWAKENING – AND YOU’RE STILL EARLY! 🐱🔥 The biggest beast in crypto is stretching its claws, and the world isn’t ready for what’s coming! 🐾💥 This isn’t just another meme coin—it’s a MOVEMENT. If you’re here now, congrats, you’re still ahead of the masses! 🔥 Why CATZILLA? 🔥 ✅ A community STRONGER than a lion’s roar ✅ More eyes on us every day = FOMO mode activated ✅ We don’t chase pumps—we CREATE THEM 🐱 PRESALE UPDATE: STAGE 7/14 AND CLIMBING FAST! 🐱 CATZILLA’s presale is moving at lightning speed! 🚀 Already at Stage 7 of 14, and with each stage, the price climbs higher. Once we hit launch, there’s no looking back! This is your chance to get in before the real explosion. Don’t be the one chasing green candles later! The chart is purring, the energy is insane, and the dips? We eat them for breakfast. 🥩🐱 This is just the beginning. WHO’S HODLING WITH DIAMOND PAWS? 💎🐾 Drop a “🔥🐱🚀” in the comments if you’re RIDING WITH CATZILLA! #CatzillaToTheMoon #HailCatzilla #CryptoRevolution
🚀 CATZILLA IS AWAKENING – AND YOU’RE STILL EARLY! 🐱🔥 The biggest beast in crypto is stretching its claws, and the world isn’t ready for what’s coming! 🐾💥 This isn’t just another meme coin—it’s a MOVEMENT. If you’re here now, congrats, you’re still ahead of the masses! 🔥 Why CATZILLA? 🔥 ✅ A community STRONGER than a lion’s roar ✅ More eyes on us every day = FOMO mode activated ✅ We don’t chase pumps—we CREATE THEM 🐱 PRESALE UPDATE: STAGE 7/14 AND CLIMBING FAST! 🐱 CATZILLA’s presale is moving at lightning speed! 🚀 Already at Stage 7 of 14, and with each stage, the price climbs higher. Once we hit launch, there’s no looking back! This is your chance to get in before the real explosion. Don’t be the one chasing green candles later! The chart is purring, the energy is insane, and the dips? We eat them for breakfast. 🥩🐱 This is just the beginning. WHO’S HODLING WITH DIAMOND PAWS? 💎🐾 Drop a “🔥🐱🚀” in the comments if you’re RIDING WITH CATZILLA! #CatzillaToTheMoon #HailCatzilla #CryptoRevolution
The reason why markets don't tank too much is that nobody really believes this silly trade war is going to last long. It not about the relative size of Canada's GDP, it's about how deeply intertwined north-american economies are. It's been estimated that 150k jobs in Detroit rely on the ambassador bridge. Stuff can cross borders 10 times before it reaches the consumer. Imagine steel crossing from Canada to Mexico through the USA, then the steel is made into bolts, which are sent back to Canada, and used to assemble a camshaft to a cylinder head, which was cast in the USA, then the cylinder head goes to Detroit, is assembled on the lower end of the engine (which itself is made from dozens of parts coming from all around the place), then the engines are sent off to Mexico and installed in cars that are then sent to the USA and Canada. Start adding a 25% tax on everything, every time it crosses a border, and that car is going to get expensive FAST.
That window is closing FAST… Stack as hard and as fast as you possibly can. The window for sub $100k bitcoin is rapidly closing. We may go into a bear market in the next year or two, but it may be a lot more mild than other bear markets due to a lot of factors, but either way, DON’T SELL! Stack as much as you can, as fast as you can, because you can see how scarce the asset is becoming, and people smarter than you or me are buying this stuff WEEKLY by the billions, so eventually that price is going to go nuts. Don’t worry about anyone else’s stack, don’t stop buying once you reach a “goal”, rather, think of it as trading your old shitty money for fantastically valuable money that will make you wealthier than you can imagine. All you have to do is keep buying, transfer it into self custody (a hardware wallet; DO NOT hold on an exchange!) and DON’T SELL… Your future self is going to thank you. Enjoy the ride, my friend! 🙏🏻
Don't worry about XRP. Look at this new coin that's FAST and CHEAP. But now, there's a new block chain that will be both fast AND cheap.
no because i already quit before this question was asked. THAT FAST
💰 THE MEMECOIN HYPE IS HERE! 🚀 EARLY ADOPTERS = BIG REWARDS. DON’T MISS YOUR SHOT AT THE NEXT VIRAL COIN! https://discord.gg/2C52DTUX BE FAST, OR REGRET LATER ⌛️💸
I think that we need fusion and FAST!
No, if you can move FAST you can be the person not left holding the bag but especially with anything DeFi related…FAST is what you need to be
Many of us have done this before. It’s part of the journey for some. I remember when I first learned about leverage I was like “oh shit! This is like free money!”. It will humble you FAST. Learn from mistakes and listen to others advice who have been in the space for many years. Chances are they have learned the hard way as well.
Btc gets you away from the government fait bullshit that goes FAST to zero value. It's the only EXIT door
Also 32 is very young! Take advantage of this time, 10 years goes by FAST! Make those small, consistent adjustments and you'll be so proud of yourself in 10 years!
Retail: "I will never buy BTC over my dead body! ShitcumInu is the only way I read the whitepaper its so FAST" Whales: "Ok then..."
Your post is garbage because you used chatgpt. Don't do that, it's worthless: anyone can type something in there. Garbage in, Garbage out. In particular most of points you are making are directly refuted by the documentary itself. The actual answer is because there just isn't any substantial evidence for it. Why not me? Why not Gavin? Why not Amir Taaki? There are a good dozen developers who showed up right around when Satoshi left, seeming to emerge mostly competent "out of nowhere". Here is my very first post on the bitcoin-dev mailing list: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2011-July/000083.html Except it wasn't nowhere-- we read and understood Bitcoin and its code and passively followed the discussions before we opened our mouths and exposed ourselves as clueless. (there is some chatter in the documentary about Adam sounding clueless when he first posted on Bitcointalk ... well which is it? is it suspicious when someone shows up clueless or shows up having self taught themselves to a baseline level of expertise?) The documentary presents a little bit of circumstantial evidence for their theory, but it's also the sort of evidence that wouldn't be shocking to find for any early technical contributor to Bitcoin... people who were by definition technically competent and primarily interested in the technical and political implications rather than the MAKE MONEY FAST part because there was essentially no money to be made back then, fast or otherwise.
I'm getting old that year went by FAST...and wow yeah what a nutjob that guy is lol
Everyone, please do yourself a favor and take a good look at HEGE, DYOR, and grab the biggest bag you possibly can!! Things are really really heating up with the first VC firm deal signed and going into effect, they will start buying their positions very soon!!! Between them buying on the market, which will cause $HEGE value to rise, along with helping increase value further with pushing tier 1 CEXs (they have deals with Binance, OKX, Gate.io, kucoin, etc...), KOLs, advertising, etc. More big players that want to see HEGE rise into the billions along with the rest of the Hege family. And there are already other VCs showing interest. This is just the start of our march to the billions, but it might happen FAST, so don't miss out!
Immediately invalidates entire video and whatever may have been said there. As well as the entire show "FAST MONEY". Goddamn clickbait bullshit.
Next stop… $50k, then $45k, then a FAST rug pull to $35k!! Will continue all the way to $15k if the fears of recession are true - Don’t be a bag holder and just get out!
They are until they aren't. Then they aren't VERY FAST.
"SOLANA TRANSACTIONS ARE SO CHEAP AND FAST THAT THOSE PEOPLE CAN USE BOTS AND STUFF!" Yeah? You're mad it's scaling while making revenue from all types of users? You'd love it if the volume was on Ethereum. This is cope. We all know the actual TPS is lower, but still fast as hell. We know about the initial token disputes. We're well beyond. Everyone fakes TVL, and that's never change on any network. There's no exposing anything, and no fear of lawsuits lol. Network stability, features, and scalability improve all the time. Still waiting for scaling on Ethereum layer 1. DB is being ridiculous because ETH is getting sandwiched between BTC as money and Solana as Web 3. Ethereum uses admin keys to scale. End of discussion until that changes.
If it bothers you then go buy gold then come back and complain that you "missed your chance". If you would just have done 30 mins of reading instead of listening to hype artists. You would then know to just not complain and wait. You haven't even made it through a parabolic run and you feel sad about performance? THIS ISN'T A SUPPORT GROUP FOR PEOPLE WHO DIDN'T GET RICH FAST! BITCOIN IS A LONG TERM INVESTMENT!!
Great, unique concept, amazing team behind and super strong community has the makings to make this explode AND FAST! Excited for the launch and I wouldn’t want anyone to miss out on this!
Certain not hyperinflation! That happens FAST once it’s triggered.
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1dyo925/daily_crypto_discussion_july_9_2024_gmt0/).
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1dx3aoc/daily_crypto_discussion_july_7_2024_gmt0/).
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1du0klg/daily_crypto_discussion_july_3_2024_gmt0/).
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1dq60jy/daily_crypto_discussion_june_28_2024_gmt0/).
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1cvaygf/daily_crypto_discussion_may_19_2024_gmt0/).
HODL FAST tattoo that on your 8 fingers
This exactly. I am glad I didn't go wild elsewhere and was cautious as I entered the meme space. I enjoyed my first solid successful meme, then my only rug I will ever experience (would have cashed out the principal if I wasn't busy an hour after launch....oops) and then I found KENDU. The previous experiences helped me learn a lot and gave me an idea of what to look for so I went all in on KENDU. One other thing I would mention is that dips are a huge part of this space...the whole crypto space. The KENDU dips get gobbled up so FAST!
USDC on base. Free sending from Coinbase or their wallet. FAST AS HECK. And easily immediately cashed out from pretty much any exchange or crypto dot com. Coinbase treats it as cash too.
They probably sent that money to buy sandwiches Just kidding! This is the first stage of the Bitcoin parabolic explosion. It's like a double back run. Everyone withdrawals their fiat in a short period of time so they can get some BTC. WHICH IS LIKE A SECOND LAYER BANK RUN I think we are entering uncharted territory FAST
Quantum Computers do things that Classical computers cannot do. If you trust theoretical computer scientists (or one in particular named Peter Shor) then you can don't have to be very smart to understand the risk. If you are more critical (which is fine), then you will need to learn enough math to make sense of this article: [https://en.wikipedia.org/wiki/Shor%27s\_algorithm](https://en.wikipedia.org/wiki/Shor%27s_algorithm) to see what the issue is. Quantum Computers allow you to do unitary operations (not all operations, but a small class) on exponentially sized data sets. For a lot of use cases this is not very useful HOWEVER one surprising thing is quantum computers can take fourier transforms of exponentially sized data sets extremely quickly. That is their ONE and ONLY trick in some sense. It turns out that asymmetric cryptography using abelian hidden subgroups, (like Bitcoin's use of elliptic curves) can be cracked using this quantum fourier transform. Peter Shor was the first person to realize this, hence the algorithm bears his name. So quite literally, quantum computers can break codes like bitcoin's elliptic curve transaction scheme OR the internet's RSA scheme about AS FAST as it takes a normal-not-quantum computer to execute bubble sort. It's real FUD but it only applies on a century long timescale.
honestly this sounds like a reverse mind fuck hey like totally don't GO TO THIS WEBSITE NOW it's so super shady it's not like I MADE TENS OF THOUSANDS OF DOLLARS and then lost it or anything crazy like that i was promised GUARANTEED PROFITS but there wasn't even any FAST AND SAFE WITHDRAWAL OF FUNDS so the bottom line is do not CONTACT ANNIE THOMAS AT WAVE FINANCIAL LLC she will take you for a ride
Defensive options take time to develop. Whoever gets their hands on quantum computing first, is very likely to use it for nefarious means, and to do so FAST.
Next stages are going to build FAST for $HSC
Next stages are going to build FAST for $HSC
Next stages are going to build FAST for $HSC
Don't be schmuck like these guys bro.. Go look up gold over the last 3 months vs Bitcoin in that same time frame.. Things are changing.. FAST.. Why?? Well The Elites are buying all the gold right now.. To take to their Billion dollar bunkers that they are also buying up right now.. Bitcoin is dead right now.. You heard it here first.. WAR is coming.. The grids will go down.. Your bitcoin will be useless..
I used to trade a lot of ethereum mainnet. Once day I checked to see how much ETH I have spent on gas (just for my main wallet) Fucking 2 ETH I knew I did a lot of trades but now that the price of ETH doubled, that hurts even more ETH is bad for gambling. Sol token contracts are much simpler. Gas is too damn high. Solana is FAST and cheap to use.
Im in most of Stacks based memecoin. For those who dont know Stacks its a Bitcoin layer2. There is GUS MAX FAST PLAY WELSH PEPE all available on Alex Lab. Using xverse for everything layer 2 bitcoin ordinals stacks runes
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1bhcw79/daily_crypto_discussion_march_18_2024_gmt0/).
An often overlooked fact is that bitcoin buys you optionality. Want to leave the country for good and take your life savings with you? Can't do it with your 401k. You can do it with bitcoin. Say bitcoin hits $1M much sooner than your conservative prediction. Upgrade your lifestyle. No other asset has such explosive gains in value. Over the long run it can't be beat as an investment. Sell however much you need to spend whenever you want to whomever you want to sell it to. There is always a buyer for bitcoin: 24/7/365. Can't do that with stonks or real estate, they are too illiquid. You could buy cash and store it yourself, it has some of these benefits but it loses value instead of gaining value. In the past four years it has been losing value FAST and it's getting worse not better. Plus there is a lot of risk in making large purchases with cash. Even the cops will steal it if they find it and you have to take them to court to get it back. No way, too risky. Bitcoin solves all of these problems.
Post drop recoveries can happen FAST. If you miss the first hour you could miss most of the upside. If it occurs while you’re sleeping….Don’t be a dope - Time in beats Timing
LOL, damn you gave up FAST, homey. Sorry you dumped all your money into Dutch tulips. Since you're into theory, you might want to take a look at this one before it's too late: https://en.wikipedia.org/wiki/Sunk_cost
I’ve been using the beta V1.5 some days now and it’s easy easy to use. The trx’s are FAST as well as the browser is super fast. Love to use it and cannot wait until it’s ready 360 degrees!! Zypto with the payment solutions, virtual cards physical cards both for businesses and privates will grow and become one of the leading projects in crypto 🔥
Are FAST deposits considered wire transfer? I usually use FAST to on ramp sgd into gemini, but havent bought btc yet. Just wondering how it would be like buying btc on active trader since they trade in usd but i only have sgd in my balance
I would invest that 10K in bitcoin, & be prepared for it to SIT for a few years. Bitcoin will continue to explode, BUT it is NOT A FAST INVESTMENT
If you don’t sell when BTC hits 100-125k this bullrun you will 100% sell for a loss watching everything crash down with your mindset. As someone that has been in this game since 2017, I can tell you when it crashes, it crashes hard and FAST out of nowhere. Let’s say you put in $10k at $63000, BTC is pumping and just hit $125k and everyone is saying it’s gonna easily hit $200k, your $10k is now $20k+ and everyone is saying it’s gonna hit $30k within a couple months, then out of nowhere it goes into a death spiral, over the course of 3 days your $20k plummets to less than your initial $10k investment when BTC crashes to $40k and remains there for the next 4 years. Do you really think you can handle that? From your post and comments I can tell you that you absolutely cannot. If you double your money SELL AND GET OUT. Or just hold and DCA through the next bear market to lower your average cost
People are not surprised about the price itself. Rather, they're surprised at how FAST we got to this price.
I think it all depends on how disciplined a trader you are and if you are able to respond quickly or are more of a slow to react person. So $6k Eth seems like a good target, but then the waiting for an initial pull back is where I start to question the philosophy. Sell into an uptrend (you may miss ATH but you're doing great) Buy into a downtrend (you may not catch the absolute bottom but its better than yesterdays prices). The risk with crypto is you'll wait for down turn, it will come and come FAST, after first day or two you'll wonder if it will turn around, then there will be a bull trap and so on. If you are disciplined enough you'll exit but you may be like, no it can't be going down that much... Have a target but don't time the market.
Bitcoin is in such a different place this cycle. Big money is able to buy now. Everyone has heard of Bitcoin. I have a feeling the volatility won’t be as drastic this bull run. People who have been buying for last year have a better idea of what is going to happen next. I foresee consolidation for a while until a little after the halving then we are going to go up FAST.
I sell a little taste @ 1million, spa weekend. The rest @ 10 million. HOLD FAST.
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1au93v3/daily_crypto_discussion_february_19_2024_gmt0/).
What’s with all this tame +/-1% days? I joined crypto to lose my money **FAST**!!!
FAST got it in less than a second and vis 3rd part app (reddit) XNO is so impressive
Yes please! nano_1gr59zy7rek93mct8yymeypydwedsuaomxhff5x1gt8aqb7skj1st8ebdzjw LONG LIVE NANO, FAST AND FREE
Nano is the true definition of cryptocurrency - and I love its crazy brother Banano! Both are FAST (scary fast!), free and fee-less between peers… glad to see it actively getting a little attention again! nano_3e7o6muu9cnbbqdk61i493t6rbxnx57pnjx3rw8uiqu5j1ziofhkc3gn19qo
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/18uts4l/daily_crypto_discussion_december_31_2023_gmt0/).
some body just tell me whats 1000sats? AND WHY IS IT GROWING SO FAST
Mudrex is scamming people by withdrawing millions of dollars worth of rewards and usdt deposit. It will all become ZERO by 19 Dec 2023. They are claiming it to convert to new MRC token. Which is worthless nothing. So overnight ‘MUDREX IS LOOTING ITS CUSTOMERS OF MILLIONS OF DOLLARS WORTH OF CRYPTO ‘ Its a big scam for two reasons. 1. Look at the date they send the email. Dec 15 And when will rewards and usdt turn zero. Dec 19. Just 4 days. Millions might not even have read email by then. Because they are moving it FAST AMD QUICK TO DESTROY ALL EVIDENCE OF REWARDS AND USDT. 2. For paper sake they are saying they are converting it to MRC token, I talked with their customer care executive, even they are not clear of what it is. And its worthless as it is not any listed crypto. We are going to raise this issue to cyber crime and court. Meanwhile Please sign this change.org petition aganist them. Let the court/government know the scale of how many millions are affected by this. Please take screenshots/video recordings of your investments. That can be used as proof and chances are there Mudrex team will make it zero. So hurry up with that. And also if you could please mail Mudrex customer support. And collect proof. Lets unite aganist the scam of Mudrex Co.
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/18ayc6h/daily_crypto_discussion_december_5_2023_gmt0/).
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/18744v4/daily_crypto_discussion_november_30_2023_gmt0/).
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/185hzo1/daily_crypto_discussion_november_28_2023_gmt0/).
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/184p1n3/daily_crypto_discussion_november_27_2023_gmt0/).
It’s important to note that Kraken self identified these issues and brought them to the auditors attention. You have to remember that normal people work the operations of a company — just because you see a clean and pristine UI on the front end, doesn’t mean they are the most sophisticated company on the back end. Crypto can be complicated and a lot of these crypto companies gain scale FAST in a bull market. That means finance departments, including accounting, are often understaffed/undersized. While likely a lot better now because they are public, I’d be willing to bet COIN is a lot messier under the hood than one would think… especially prior to becoming public.
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/17uoy99/daily_crypto_discussion_november_14_2023_gmt0/).
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/17ph49v/daily_crypto_discussion_november_7_2023_gmt0/).
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/17mhpnc/daily_crypto_discussion_november_3_2023_gmt0/).
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/17hahld/daily_crypto_discussion_october_27_2023_gmt0/).
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/17e73tf/daily_crypto_discussion_october_23_2023_gmt0/).
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/17cpbe4/daily_crypto_discussion_october_21_2023_gmt0/).
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/17cpbe4/daily_crypto_discussion_october_21_2023_gmt0/).
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/17bxkaz/daily_crypto_discussion_october_20_2023_gmt0/).
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/17bxkaz/daily_crypto_discussion_october_20_2023_gmt0/).
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/17b5bjp/daily_crypto_discussion_october_19_2023_gmt0/).
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/179kr8a/daily_crypto_discussion_october_17_2023_gmt0/).
It was so short lived that plenty of us only found out after it was all over. There's plenty of excitement and in all likihood, plenty of powder still dry and waiting. Also, it pumped 10% FAST. Now that people have seen that there will be a greed filled fomo liftoff when approval comes
#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1782ndb/daily_crypto_discussion_october_15_2023_gmt0/).
It’s scary how FAST sentiment changes here.
Well it does seem like there's been a lot of bad news this past two years But all it'll take is one or two bits of good news or new BTC usage utility to kick things off again HODL FAST Here's hoping US Spot BTC ETFs are approved Or eBay / Amazon start natively accepting BTC