[harwoodleon]

Yes, the ideas are not new. but they are not bullshit. as someone who also has kids that spend money on virtual goods like it’s going out of fashion, i can attest that the impact on my bank account is very real.

The NFT craze (and cryptocurrencies in general) is largely fuelled by an inflationary global currency ($) and dare i say it, a lot of money laundering too. But that does not make the sector illegitimate.

in fact some of the platforms that have risen out of web3 already (ssb/patchwork) for example are indeed just better versions of dystopian counterculture that have gone before.

i’d say the author here is just keen to shout at the TV as the big corporate news breaks.

Billionaires will be the ones who may end up benefiting least from a true move to a dystopian, decentralised internet as Web3 is hinting at.