Speculation Is What Will Make Web3 Mainstream

The unifying desire to make money through speculation is what will make Web3 successful.

At first, decentralized systems are most attractive to outcasts of other systems, but now that some people are making a lot of money from it, they will want to protect their investment and drive out bad actors.

For example, the killer app for cryptocurrency was facilitating illegal transactions, but now the killer app DeFi. This increasingly mainstream surge is driven by the promise of making money and when bad actors get in the way, there is strong interest in removing them.

See also:

• Decentralized systems that work need hierarchical regulation and start to resemble centralized systems (absolutists will never be happy)

Links to this note

• Data Is Centrifugal

  The predominant system for managing data today pushes it far away from the people it represents. This is bad for the world because data is the primary way identity is represented (census, social profile, certification) and creates the grounds for exploitation (theft, ads, terrorism).