If you are following the CryptoSphere you have heard the talk of the new internet 3.0 so much that we all want to puke already. Well, at least I do. When I hear this it is not a good thing in my opinion. In the end it will hopefully be a good thing but as of today I can only see a long and arduous journey through a troubled trial and error of adoption that will take 40 years and by then humans will have mucked it up so bad that the original vision will be so lost that it will be impossible to fulfill.
Everywhere we look one of the most prominent ideals of crypto currency is the idea that we are entering the new age of the internet or Web 3.0. If we look at the history we see the actual original idea for the internet 1.0 was suspiciously pretty much the idea for 3.0. We are 40 years out and we have yet to see that happen. I know some will say that we did not have the technology to pull it off and that maybe true although I don’t believe that. I think we did because the only difference today is the way we will try to pull this off not the fact that we want to.
In case you do not know what I am talking about when I say Web 3.0 I will explain it from a high level point of view. What I mean is a free and open internet where we can communicate with out being watched. Where we don’t have to pay for every movement. This is the basic idea in my opinion. Certainly we could go much deeper here but we do not have enough time or space. the basics is that money became involved and everything went to shit. When you involve as much money as is being generated by the Web then we have the humanistic nature of wanting it all and we end up where we are today.
That statement brings me to my point of this post. Money will fuck up a wet dream and that is exactly what is happening before our eyes to this space. In the beginning days of the DotCom bubble there was huge amounts of cash floating around for any half-baked idea. Sound familiar? Today, we have the exact same thing taken to the next level. Anybody and his brother can throw a start-up together with a shitty web-site and phony credentials and be on their way. We have a bunch of kids unaware and unwilling to be aware of the inherent dangers of investing. I know there are the limited few that have half a brain but most are in this for a quick buck and see themselves driving a Lamborghini in a few weeks. In of of itself is not a bad thing but this makes them easy prey for the flim-flam man. Something these kids and people have never seen but in movies and are to inexperienced to be expected to thwart off these scams. This is why we educate our children. This is why people start in internships and not as CEO’s. Again we have a few examples of that happening but that is few and far between and we should not expect this out of everyone.
I think this is a hard thing to get through to any younger person. Hell, we have a lot of older people here that are sick of the short stick they have generated, myself included, and see this as a way out and decide to overlook the possible pitfalls. They take on this attitude of indifference and I am a forward thinker you guys are just close minded and because of this you cannot see that I am right and will be rich. I especially feel sorry for all the kids that have been buffaloed into thinking that because we are older we just cannot see the benefits of this revolution. I am 50 years old and you know how many times I have seen this bullshit go down? I don’t have enough fingers and toes to count.
After saying all this I do think this is a next step in the evolution of the internet but I do not think that anybody working on this today has the answer or can foresee what this will all shake out to be like. I should actually restate that sentence I am sure there are a few forward thinkers out there that may have an idea but they are just guessing at this point. The regulations will come down and the masses will be locked out of trading. It is already starting to happen. Unless you will be willing to break the law and go to great lengths to invest which will just invite major scams upon yourself you will be pushed aside. Of course unless you have a ton of money and are an accredited investor. This is to good to be true and to much money is involved.
As always I may be a DumDumDev but I ain’t stupid. Keep the Code Open and Dry folk’s!
DumDumDev 