Random thought - is Web3 a real danger to the currently existing web, where "real" means "plausible" rather than just "possible"?
I'm asking because every Web3 project I have seen so far has collapsed after getting just enough speculators (and therefore money) to make a nice rug pull/attack, but well before gaining any significant traction of non-paying users that are there to use the platform rather than speculate. It seems to me that it's completely unsustainable to keep a Web3 project running long enough to even gain these users in any way.
It seems to me that Web3 is, so far, only providing us with three things: the first is a way to speculate, the second is a way to waste our electricity, the third is laughing stock via https://web3isgoinggreat.com/ which only sorta sweetens points number one and two.
Are there any notable exceptions to my above observation? Am I wrong in some more fundamental way?
I'm asking because every Web3 project I have seen so far has collapsed after getting just enough speculators (and therefore money) to make a nice rug pull/attack, but well before gaining any significant traction of non-paying users that are there to use the platform rather than speculate. It seems to me that it's completely unsustainable to keep a Web3 project running long enough to even gain these users in any way.
It seems to me that Web3 is, so far, only providing us with three things: the first is a way to speculate, the second is a way to waste our electricity, the third is laughing stock via https://web3isgoinggreat.com/ which only sorta sweetens points number one and two.
Are there any notable exceptions to my above observation? Am I wrong in some more fundamental way?