Web3 Sucks

Twitter, full of all sorts of opinions. Opinions I used to get from these two. Due to faults in their logic and behaviour, both have either blocked or been blocked. Daniel was blocked because he was very good at turning an argument in his favor by using logical fallacies and whataboutism. Far too often did I have to redirect the conversation because he would employ some logical banger that would derail the topic completely, employing red herrings which I had to constantly remind him where not important to the topic we where engaged in. In the end I got tired of him arguing opinions or context in things I did not say, by purposefully twisting the meaning of what i would write. The sad part was I did agree with some of his critiques of the Crypto/ web3 world and he would always interact with posts but I couldn't have someone purposefully twist my argument all the time, without annoying the shit out of me. For that he was blocked. I've also come to realize this article got me bloc...

 That Being Your Own Bank Thing Keeps Looking Worse. A crypto wallet drainer tool has managed to steal $60million worth of crypto in 9months Source: Web3isgoinggreat.com The attacked leveraged Twitter and Google ads to lure crypto holders onto phishing websites. While the ad review process clearly needs a review itself. Too many crypto investors blindly trust links they find on the internet. Once again because these transactions occurred on the blockchain, affected users have zero recourse to recovering these funds. Yet another example of why this "Be Your Own Bank" mantra is but snake oil and quackery.

 Banking is complicated, why not do it yourself. Maybe you've heard your Crypto positive friends use terms like "Being your own bank" when it comes to why they chose to buy into the digital funny money. They also might like to harp on about how we can't trust banks, as they bring up the 2008 Global Financial Crisis (GFC) or even some of the more recent events like Silicon Valley Bank, where they suffered a bank run. Due to poor risk management and rising interest rates. Being a bank isn't easy as you have to follow strict government regulation and oversight that the average consumer wouldn't know exists. So the question arises, why would you want to take on all that risk ? Banks run on trust, you trust that when you deposit your pay check into your savings, you'll have access to it all when you go shopping. You trust them to protect your money and even if someone uses your credit card fraudulently, you report that and after an investigation you will have t...

When you only have a hammer, everything is a nail Web3 is the moniker those in the Blockchain / Crypto industry have adopted to basically encapsulate any project that utilizes Blockchain in some capacity. Be that a "community" of idiots buying JPEG's, The Bitcoin Maxi's who swear FIAT will goto zero, or even video games that use it to sell digital ownership etc.. While it's easy to be convinced by the Web3 supporters as thier rhetoric of decentralization, trustless systems, digital ownership, verification, sovereignty and I could go on, is based on small morsels of truth and that helps it slip on through. What will happen here is a record of all the corruption, cognitive dissonance, scams, shills and so on, that operate under this Web3 banner. Blockchain sounds hard to understand but that's only because those who have written code or wrote documentation on it, use such verbose language that it can be a little overwhelming but over the course of these posts I w...