Unstable currencies, scams, price manipulation, all investments are high risk investments, ... your money is safer under your bed producing nothing than in the self proclaimed Web3.
Edit: on a second note, this is peak efficiency. Most crypto currency projects are a hot potato game. You buy, and then you need to sell meanwhile there are still buyers. As the technology has accelerated this game we got to the point that the only way of winning is for the founders to pull off as fast as possible. 8 minutes seems quite on the mark.
To the folks saying that web3 is inherently bad, keep in mind that in the 90s the internet was looked at by many as a scary place full of scammers and trolls.
Scams happen because of humans. They are not unique to any particular technology.
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[ 3.1 ms ] story [ 39.8 ms ] threadhttps://web3isgoinggreat.com/
Unstable currencies, scams, price manipulation, all investments are high risk investments, ... your money is safer under your bed producing nothing than in the self proclaimed Web3.
Edit: on a second note, this is peak efficiency. Most crypto currency projects are a hot potato game. You buy, and then you need to sell meanwhile there are still buyers. As the technology has accelerated this game we got to the point that the only way of winning is for the founders to pull off as fast as possible. 8 minutes seems quite on the mark.
The key takeaway is that there is demand for officially launched or licensed branded releases in that medium.
Scams happen because of humans. They are not unique to any particular technology.
It just so happens that a core principle of crypto, "anonymity", allows scams without consequence.
The only force holding us back from hurting each other in the real world is the possibility that our identity can be tied to our actions.