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In this video, I dig a little deeper into Web 3.0, and its promoters like Chris Dixon from Andreessen Horowitz.
Dixon pretends that Web 3.0 is being built and owned by its users in a decentralized manner, while in reality Web 3.0 projects like Solana have had huge token allocations to insiders like Dixon’s firm.
You cannot build a new decentralized internet or monetary system with a token pre-mined and pre-sold to insiders and VCs. This kind of centralization ensures that neither the system nor the tokens will be neutral.
So far, Web 3.0 seems nothing more than a honeypot for VCs, and an attempt to get away with illegally issuing unregistered securities.
By contrast, Web 3.0 built on Bitcoin does not involve dumping new tokens on retail investors. Bitcoin Web 3.0 is being built on a truly neutral and decentralized foundation.
Not investment advice! Consult a financial advisor.
Why Web 3.0 matters:
Why Web 3 matters 🧵
— cdixon.eth (@cdixon) September 26, 2021
Chris Dixon:
https://en.wikipedia.org/wiki/Chris_Dixon
Solana ICO lead investors:
https://www.crunchbase.com/funding_round/solana-io-initial-coin-offering–6c9839a1
Solana token sale:
https://www.coindesk.com/business/2021/06/09/solana-labs-raises-314m-in-token-sale-led-by-a16z-polychain/
Insider token allocations by project:
https://twitter.com/RyanWatkins_/status/1394283802009145348/photo/1
Solana network is unstable:
At approximately 1:46pm UTC on Dec. 4th, 2020, the Solana Mainnet Beta cluster stopped producing blocks at slot 53,180,900. The Solana team is actively working with validators to restart the network. No funds are at risk.
Live updates in the post below.https://t.co/yskssL74O3
— Solana (@solana) December 4, 2020
https://www.coindesk.com/markets/2021/09/14/solana-validators-ready-potential-restart-amid-blockchain-outage/
https://www.bloomberg.com/news/articles/2021-09-16/solana-network-of-top-10-sol-token-applies-fixes-after-outage
Lightning Network explorer:
https://explorer.acinq.co/
Sphinx Chat built on Lightning Network:
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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
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#Web3
#Solana
#DeFi
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