from Hacker News

Crypto Can’t Build a Better Internet

by kanduri on 7/16/22, 11:53 PM with 2 comments

  • by kanduri on 7/16/22, 11:53 PM

    Quotes from the article:

    > For all its utopian trappings, web3 tech like cryptocurrency only deepens the problem of elite control over the internet. We have an alternative.

    > The promise of web3 is a promise to re-create the inequalities of modern capitalism, with 0.01 percent of Bitcoin holders controlling 27 percent of the cryptocurrency in circulation as of December 2021.

  • by glennvtx on 7/17/22, 2:11 AM

    Argument from incredulity.