[UncleMeat]

We spent the last two decades watching the rise of surveillance capitalism, which financializes our behavior via advertisement. What web3 enables is the financialization of our behavior via financial derivatives. Private corporations will extract value from every transaction on the blockchain by betting on those transactions and repackaging those bets into new primitives to bet on. It is like the mortgage crisis, but for everything.

This isn't a move towards socialism. It is a move towards additional hypercapitalism accelerated by almost entirely unchecked automation controlled by technologists who have access to absolutely insane amounts of investment because they got lucky as early adopters of the coin du jour.