We have seen it all over the news, social media and around the web the misconception of NFT and web 3.0 The safe heaven for scammer and hell for some players in the game.
What is Web 3.0 ?
- The Definition of web3 change depending on who you ask, people are clueless and do not understand the underlying basic.
- Web1 is to be the web pages of the internet or static websites as well.
- Web2 we get more modern thing like web app and apps. Basically adding JS to make sites interactive.
- Web3 is to be where everything above can communicate With a blockchain to retrieve metadata or data. And Many believe that most blockchain are "DECENTRALIZED" but they are far from the truth. Decentralization of metadata and web service are really hard and expensive to set up.
My point is that You Must DYOR whenever someone tell you to invest or buy something.
Web3 is not one thing but a combination of many technology interconnected.
!!!Warning not a Web3 or crypto expert just giving out my perspective on the situation.!!!
Why a Scammers Paradise ?
- This one is a controversial topic as there could be some value and use case for a project, it does not mean that the intention of some is to make money and Rug Pull some folks as they say these days.
- So Lil Jonny has an idea, he made a project called "You're getting Scammed" as a Social experiment.
- Everywhere you look, this project is told to be a scam and social experiment by the creator himself.
- The project is live now and one huge influencer Lil Pi decided to tweet "my fam just got the "You're getting Scammed" Token do not buy not financial advice "
- It started trending that he invested in that project and the Degenerates' army jump in first trying to buy and sell to others to make profits, but they cants sell. Token is locked, not spending(DYOR).
- Everyone lost the money now Lil Jonny has the bag and shutdown the project. As stated in the white-paper.
My Biggest advice is DYOR on anything and then DYOR on Your Own Research if that make sense.
Some Topics To Research:
Centralized Blockchain
Decentralized Blockchain
Semantic Web
Bitcoin White-Paper original proposal and updated
Interoperability
Metadata
etc
- My Biggest Concern is how little people care about theirs personal privacy/identities and giving out too much information to big tech company, I advocate For Big tech Company to Stop Metadata mining on the citizen of the world.
- NOTE: This is one of 30 blogs that I would be attempting to write over the next 30 days to improve my writing skills.
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