The Ultimate Hypocrisy.
Billionaires are constantly proving to us that they are all talk and are unwilling to ever make actual sacrifices to better humankind. They all have God complexes and they either want to be the Hero or the Villain, often both at the same time (anti-hero).
The savior complex is real.
Jack Dorsey keeps signaling he want's to create an open, neutral, permissionless social media network. There's just one catch: he refuses to relinquish control of the products he creates. Jack Dorsey is one of the best examples of potential "white savior" complex. Or perhaps denoting the color of his skin is irrelevant to the conversion. Anyone with that much power tends to lose touch with reality and the plight of the common person.
on Twitter
Elon Musk "bought" Twitter under the premise that free speech was important. That fantasy lasted only a couple weeks until the reality of the situation actually hit him. It didn't take long for him to realize how bad things can get when a platform has zero regulation. Hive has regulation as well: the difference is that the regulation on Hive is decentralized... billionaires don't understand this concept.
Then just recently he stole the account for himself.
In the ultimate show of hypocrisy the
How can free speech be accomplished when users don't even own their accounts? Twitter owned the account, and they took it back; simple as that. Proving once again that not owning your account on social media means true freedom of speech is basically impossible. In the real world this would be the equivalent to not owning your own voice or your own identity. Imagine if someone could just strip you of your voice. It's like the Little Mermaid all over again!
The situation is in the infancy.
Most people simply do not understand the importance of owning their own digital identity? Why? Because WEB2 has brainwashed everyone into thinking it doesn't matter. We trade everything for free service, and that was fine while it lasted, but the system has been hacked to oblivion.
Now WEB3 has a chance to unwind all that brainwashing.
I read on Twitter the other day that ten THOUSAND people offered to change their legal name to literally "Subway" in order to get free sandwiches for life. How ridiculous is that? Doesn't even matter if it's true or not. It sounds true. People are willing to bend over backwards for free stuff to a comical level. Imagine what they'll do for UBI in the future.
WEB3 changes the narrative by forcing people to realize that their digital identity actually has value. Whereas in WEB2 they traded all that value for free service (which was fine because that value was small), in WEB3 the value is deposited directly into their wallet.
The fact that WEB3 is simply worth more than WEB2 makes this model feasible. A WEB2 user is worth no more than $10 a year in advertising dollars. A WEB3 user is worth much much more than that because the infrastructure we are building turns users into employees rather than potential consumers. This blog post is a rough example of what could be. Make no mistake: ten years down the line I'll be able to create 'content' on WEB3 that's worth several magnitudes greater than these words I type to the screen. This is the direction we are heading.
Conclusion
Crypto is still in the infant stages. The technology is getting built out at an exponential pace, but a lot of what is being built is also a failed adaptation of WEB2. We need a breakthrough, and once we get one that will be it: the dam will be broken and value will pour into the space.
When people realize how valuable their digital presence is (measured by literal currency) they're never going to go back to WEB2. They'll understand the importance of owning their own account. A centralized entity being able to steal it whenever they want is simply not acceptable. Elon Musk is a hypocrite, but of course this was known long ago; all billionaires are. There's no way to acquire that much money without siphoning the lifeforce from millions of people into your own pocket. Perhaps one day crypto will show us another path with higher equity and lower diminishing returns. One can hope.