Crypto skeptics have been trying to warn the public that cryptocurrency is a Ponzi scheme and Web3 is fake decentralization that can't fix a web that isn't broken. Critics have mainly been ignored as aggressive opportunism and skyrocketing token prices have silenced dissent. However, as crypto becomes more mainstream and people experience its downsides, critics' warnings are starting to be heard.
Stephen Diehl is a London-based software engineer working in the financial sector that has written and been outspoken about why Web3 is economically and technologically a terrible idea. In a 40-minute interview with Jon Henshaw, the two discuss the religious fervor surrounding Web3, why crypto is repeating history and will end badly, and how Web3 is already primarily centralized. They also discussed the Metaverse's potential impact on future generations and the promise no-code technology might have on society.
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