“Web3 thinking” and the obfuscation of late-capitalism

Sat, 2 Apr 2022 06:21:53 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://maciekbaron.medium.com/web3-thinking-and-the-obfuscation-of-late-capitalism-b8fae96f0631>

"I previously wrote about why the most prominent ideas behind Web3 are
bullshit, and how proponents of the trend confuse a technological problem with
a political one. I also explained that while confronting Big Tech is necessary,
blockchain isn’t the right solution.

This time I’d like to go further and talk about how what I call “Web3 thinking”
is trying to obfuscate many elements of progressing late-capitalism.

Let me first explain what I mean by “Web3 thinking”: it’s the idea that
blockchain based technologies not only are desirable, but can also help and
empower regular people. The most extreme version of this point of view is the
belief that blockchain technologies disrupt the status quo, and somehow are a
middle finger pointed at the “big guys”."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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