Why Web 3.0 Is A Scam

Join the Trader University email list:
https://www.trader.university/email-list

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:

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:


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:

Own Your Network

Check out my online trading courses:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99

Check out my Amazon best-seller, “A Beginner’s Guide to the Stock Market”:

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Web3
#Solana
#DeFi

Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.

Leave a Reply

Your email address will not be published. Required fields are marked *