Modern Economic Nonsense — The web3 scams or not
Is Web3 a scam 🤥?
Yes and no. It depends on how you view it 😶🌫️.
🤨 Don’t believe it? Let’s see Dogecoin instead.
Is Dogecoin a scam coin or not 🧙♂️?
One of the Dogecoin founder Jackson Palmer said the Dogecoin he was created is indeed a scam!
He argues a new narrative in the cryptocurrency every two or three years.
Oh, but you know who kept changing the narrative too? Apple’s iPhone!
From fitting into your pawn size design to becoming as big as you can hold as a magical device to connect to the world, iPhone evolved from a small size into a bigger screen, small computer.
I guess the technology kept changing the narrative as well.
Also, many influential people pump crypto and help to market them up.
Elon has had a big impact, especially on the Dogecoin market and making people believe that it is something, which I obviously don’t agree with. But it’s not just Elon, I think it is also various large names like Marc Andreessen, Mark Cuban, and several other big names in investment that are heavily on the crypto train and probably carry just as much, if not more, influence than Elon Musk.
In the end, it is a marketing effort to inflate the crypto. As a result, its utility does not reflect its true value.
How about Web3 then?
Probably another marketing effort to promote useless crypto into the moon.
🤨 Who needs to use a wallet when the banks charge your fees to store your money and get little or no interest rates