Web3 is destined to be a niche DAO is a contemporary elite scam

As soon as Kong Yiji arrived at the tavern, all the drinkers looked at him and laughed, and some shouted, "Kong Yiji, you have learned new crypto knowledge again!" Said, "charge 1w block, u will be 6.3." Then he discharges his salary for one month. They shouted loudly on purpose again, "You must be rushing the dog again!" Kong Yiji opened his eyes wide and said, "How can you be innocent like this out of thin air..." "What innocence? I saw your wallet rush to Pixiu the day before yesterday. Pan, the blanket was pulled as soon as I entered." Kong Yiji blushed, and the blue veins on his forehead burst out, arguing, "A bug in the contract!... Can the code thing be considered a dirt dog?" The words that are difficult to understand, such as "Web3", "DAO", etc., caused everyone to burst into laughter: the inside and outside of the store are full of happy air.

In Crypto circles, it seems to be political correctness to talk about, embrace Web3 and DAOs.

You have to ask him, "What is Web3?"

He took two sentences from other people's words, and opened his mouth to say "data owns, Gemei group's life, personal economy. "Thinking about it.

“What is DAO?”

He copied another sentence from Zhihu, “DAO does not have a centralized management team, and the community is autonomous.”

pull.

It is hard to believe that in such an emerging industry, practitioners/participants are still only authoritative, traditional and vocal.

When discussing web3 and DAO, I wonder if you have stripped tokens and prices, and thought from the most basic realistic logic?

Too long to read:

Web3 is destined to be a niche, and now projects under the banner of web3 are not Web3;

DAO is just two thousand years ago in ancient Greece The online version of elite politics, everyone who talks about xxxDAO is a liar;

About the basis for the conclusion?

Recall that we have probably had about 10 years without significant changes in our lives. It will take about 2-3 years to develop from seeking out extension breakthroughs to seeking inward self-sufficiency. From the wave of the industrial revolution in the 19th century to the present, the enthusiasm for productivity in the physical sense has basically disappeared. So what's next?

Material can't be rolled up, but spirit can be rolled up.

web2>Tradfi is not actually a funnel path. In order to facilitate your understanding of the threshold for entering Crypto, it is temporarily used in the legend.

It is an obvious fact that the top practitioners in the Crypto industry come from Tradfi. Some are the best in the Tradfi field, some are frustrated, some are watching the fun, some are holding the scythe, but no matter what, they have a lot of money, and they gave the industry the first bite Milk.

In life, we must develop, right? Bitcoin as a safe-haven asset has been told for a long time, and the audience is tired of hearing it, what should I do if it doesn’t sell well? Tell new stories, blow new bubbles. Who will speak, who will blow? Still them. So DeFi came, a product concept that revolutionized its own life.

DeFi actually does not solve the various drawbacks of Tradfi as everyone thinks (Is it really that big?). DeFi solves the problem of internal circulation, which is a scenario after users have entered Crypto. In terms of population base/capital scale, it does not have the ability to compete with Tradfi. One year later, everyone found that DeFi’s most practical solution is the problem that the founder’s villa is too small and the sports car is too cheap. Just imagine, how could they possibly kill themselves?

NFT is not actually a funnel path for DeFi, and may even be a parallel product. The reason is that when a large number of people participate (buy/sell) NFTs, they use Crypto's currency directly without going through DeFi. But participation and understanding are two different things, so I personally think that DeFi>NFT is also a process of funnel screening.

At this point, the last threshold left to enter Web3 is privacy. From the perspective of the web2 network world where everyone has no sense of contact, the most simple needs of social/game/finance/shopping, food, clothing, housing, transportation and play have been satisfied to the greatest extent. If there is something unsatisfied, the only need is privacy. The question of privacy faces another question: how many people will need it (and how big will the market be)?

In fact, it is not a question of how many people need it, but how many people deserve it. Right now, no one is worth it.

Maybe we have already entered web3, not necessarily, the mobile product (independent individual/IP/device) itself is web3. The concept itself is not important, whether it is web3 or web 10, the important thing is development, innovation, seeking breakthroughs, and hope.

Also, this TM is not Web3

I feel the chaos and fragmentation of the world more and more, and the sense of individual existence is getting stronger and weaker at the same time.

DAO: The Contemporary Elite Scam

web3 is not a revolution, much less a DAO.

An obvious phenomenon is that this round of bull market seems to lack many believers in the market, far less than the previous round. BCH, BSV, EOS pump. In fact, it is not that DeFi users are disloyal, and users everywhere are disloyal. It’s just that the holders suddenly woke up, and it’s not enough to just feed me chicken soup, I’m still hungry!

You don’t believe in big blocks and Internet computers, do you? Then you always believe in yourself, right?

DAO is here, and the sky is here!

Some people talk about DAO, and their mouths are the bottom layer, structure, democracy, and narrative. When some project parties talk about DAO, their mouths are community and governance.

The "governance token" is probably the most blatant scam I've ever seen. Buy a coin and you will be allocated a DAO?

DAO satisfies the deepest vanity of a trapped diaosi. Usually, this vanity is not shown because it will be laughed at. When he got the opportunity to "decision" (formalist voting), tears welled up in his eyes: the project side is doing things!

When a proposal that has been carefully prepared by the project party (elite class) is put on the Snapshot, what choice does the people have? One is that people are unable to put forward valuable proposals due to the limitations of knowledge/energy/personal connections/ability, and then the right to vote is really not as simple as one person, one vote. There has never been a victory for the people.

However, you still have to stand up and not kneel.

Are there any promising tracks?

All roads are repaired to Rome, and all projects are for sale in the end BTC cash out. I personally think that liberating the liquidity of BTC itself and bringing BTC into DeFi will be the next hot spot to solve domestic demand. You know which project I'm talking about.

The product that seeks a breakthrough outside has not been found. If you think which one is, please DDDD.

You can still buy the tokens of the hot Web3 and DAO concepts defined by the exchange. This market is inherently illogical, and you also have the opportunity to make money, but please don’t have any beliefs. Those who have finished the three waves have not yet finished the three waves.

I am clearly aware of the nature of things, not for the sake of sobering up and being alone, but for better guiding practice. You can have no faith in tokens, just like liquidity mining, but you can’t have no faith in the industry, just like xxxDAO.

I don't like it all, there are liars/dumbs/upstarts everywhere, but I still love it here. I know there is still freedom, ideals and love here.

Oh and I know there's money to be made here.

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