– What is Web 3.0, and why is it a big deal?
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A bunch of people have invested much of their money into cryptocurrencies. Cryptocurrencies are a pretty classic pyramid scheme: your investment becomes worth more if you can get others to buy in; then (if you’re smart) you can sell your cryptocoins, make a profit, and the suckers you pulled in are left holding the bag.
The problem is that *it’s not enough*. Too many people are skeptical of obvious scams and so you need something *else* to make cryptocurrencies more valuable.
So they’ve come up with the idea that “what if literally everything was monetizable, based on cryptocurrencies”? What if you paid cryptocurrency to do literally anything on the internet, and what if you earned cryptocurrency when others, say, upvoted your reddit post? That would make cryptocurrencies much more useful, and thus more valuable. And that would allow more of the people who got suckered into the cryptocurrency scam to make money off of it.
So it’s only really a big deal if you’re a scammer or if you’ve been scammed.
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