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RE: RE: Web 3.0: Jack Dorsey Is Right About VCs
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RE: Web 3.0: Jack Dorsey Is Right About VCs

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The only excuses i'd make for like jack dorsey and elon is that we atleast understood they went into their funding mechanisms and it was disclosed to all of us that's how it was going to work. The problem in crypto is if you're going to have entities and syndicates that just seem to form either way controlling and influencing the chain. I don't really see a reason you'd need a blockchain for that.

Leofinance has worked in many ways but it's also had people like onealfa@onealfa at times providing most of the liquidity. This is how he moves in projects. I don't like that.

So idk what we'd have to do about that. Some projects i've seen limit the stake you can buy. I think that's optionable. Some would say they will work around it. However i compare it to Trump building a wall. Sure people can get around it.. However that doesn't mean you don't put up the keep out fence.

So i guess my overall point since i get accused of ranting. I thought people like to read on this site. Apparently it's burdensome for them haha.. However the point being through proxy edicted@edicted and onealfa@onealfa.. marky@marky mark are the vc's of these systems.

We need to stop them if we going to have any type of chain. There also needs to be apps where influence doesn't give anyone an edge... I believe attention value...should be fairly tokenized and created as it were. I don't think the influence game is a good idea anymore. I think early on it provided a good enough gimmick to raise funds. I just don't see the necessity of it anymore.

Bitcoin MYK for reference point. It won't allow you to create extra tokens based on controlled stake. I think that's the first step in the right direction. Then restriction on the amount of stake that can be purchased or mined in the early stages. These guys are smart.. i think once upon a time an eos fork pulled that off. Wasn't successful the reason being is because you see we are hypocrits.

We say we want freedom and to not be controlled by these masters as it were. However what good does it do me to trade one slavemaster for another.. Namely just another one on a blockchain, lol. It's still playing out similar to if we were shareholders in a company and Elon and Jack were the biggest stil doing whatever they wanna do. I still fail to see what the differences are between that and this sorta thing

So unless the community is not just offering up lip service. However really wanna change that paradigmn. I'll say next as well. If the blockchain community has to sit up here and convince any of these people on chain.. like onealfa who's purpose around here is to play king of the hill. He thinks that kool, lol.

If we gotta go around convincing those people the issues of centralization of wealth, develolpment, mining, exchanges and geography. if we gotta do that and they don't find any of those parameters things to fix and focus on. I'd just as soon as just not consider them members of any blockchain community.

I just don't feel they understand the purpose of the blockchain. I get people wanna develop their own type of systems. The thing is though there are certain boundaries when you just simply must ask. What is the purpose of this beling on the chain.

Whales serve like no purpose on the chain. Blockchain tech is often times mostly created to be democratized and decentralized. How do whales factor into that? Don't you all understand crypto in it's essence would have to be anti whale. So that right there shows me a majority of the people coming in. I don't think they value many of those things. LIsten we got already a nondemocratic world where it's hard to be heard. We already have a poorly distributed economy. If you trying to be a whale on the blockchain you're a person with a low iq in my opinion for the most part but i digress. In any event democratized funding solutions take power from central authorities.Unless they work like that freaking hive dao, yet another issue. That's the idea.

i don't have to say it. We konw the projects that are really about something and solutions and the differences between the bullshit projects that promote ideas counter to what we'd even want to have a blockchain for to begin with, lol.

@mykos: The only excuses | Ecency