Make Crypto Great Again: From Meme Coins to Machine Economies
Can This Machine Economy Layer 1 Rescue Crypto?
Web3 and crypto promised real use cases, but what’s happened since? They’ve become plagued with meme coins, scams, and questionable “scalability solutions.”
Is there hope for crypto’s future?
In 2016, Vitalik Buterin, the Ethereum creator, wrote:
“Blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly.”
This vision resonated with many. We all bought into a bold vision of a decentralized future. It would use blockchain to reshape industries and empower individuals. It would replace middlemen like Uber and banks with direct relationships.
But now, 15 years after the creation of Bitcoin, where are we, really?
Web3 Reality Check: Speculation vs. Utility
Today, Web3 is primarily focused on meme coins and their Layer 2 solutions, yet it still falls short of many decentralization promises.
Investments mainly come from Bitcoin (including BTC ETFs) and Ethereum. While…
