The good news, the bad news, and the ugly truth.... Ouch.

Being an optimistic fellow, lets start with the good news!

Block chain technology can change the way economies work, away from centralized banking systems and towards a more 'independent money' model. (whether or not they will deliver on that, remains to be seen).

The bad news is that historically speaking, the powers that be are not gonna just let that happen. All kinds of economic and social disruption -and destruction - may have to take place, for the this to come to any kind of fruition.

Which leaves the last part...and the point of my post.

The ugly news.

The ugly news is that 'web3.0' is not revolutionary. The blockchain revolution was bitcoin. Period.

Steem, Hive, blurt, commun,..and whichever new block chain platform that has happened to has emerge sometime today - are not special.

'The purple patch' of cashing in on block chain technology has gone. (if it was ever here, post BTC).

I'm not talking about the tech heads and develpoers, that have cash cowed this block chain baby - they are set for life.

No, I'm talking about the 'rest of us'.

I read this post by @denmarkguy as I was thinking about writing this post

Where is the value of this platform (or any others that keep springing up?) Value depends on scarcity. (no matter how much the commies wish to deny it).

WHERE is the value of this technology,(platform) that can be copied an reproduced easily? (I say 'easily'as a relative term, and with no techy knowledge).

ALL technologies lose value once they've been created and used.

Always.

In the case of digital 'software technology', even more so.
(this is not about patent or copyright- that just being an attempted controlling of the knowledge - which never works long term).

So, if the technology is out their,and block chain technology is now 'nothing special'- where is the value?

It seems to me that this particular project (block chain), is one that's rewarded the early developers handsomely, and will leave lots of 'investors', 'entrepreneurs', and the sheep following the crowd, with some very worthless bits of crypto.

But that's just my perspective, I may be wrong. I doubt it though, not if you look at the hard economic realities of supply and demand - and ignore the feel good, happy clappy visions of 'going to the moon'.

There is a reason I'm an outlier in most things (in society and following any kind of 'norms' generally). I'm not a sheep. I don't follow the crowd, I never have. Nor believed the self proclaimed guru's on block chain.

I see 'chancers', not wisdom.

I don't posses the middle class mindset, either.

You know, the voracious appetite for self indulgence and material decadence ( one of the the MCM'ers main characteristics and motivators). That mindset doesn't cloud my judgment.

Looking through the lens of fear and greed of the MCM'er - to 'get more'- doesn't alter my view of the world.

Or of block chain and it's possibilities..

I can see pretty clearly what 'web 3.0' can offer- and it's all good.

But it has very little intrinsic value beyond the cost of writing the code to implement it. Writing code is not that specialized anymore.
(says me. It takes me a day to design a web age in html!lol)

With every passing minute, there are hundreds of 'young un's' entering the market and possessing the skills to build another block chain platform...

Where's the value?

Exactly where it was when 'the new block chain tech' started around bitcoins launch.

And that value comes from, primarily, holding your own money online, and seamlessly transferring it to wherever you want.

That's it.

Ten years later?

That's still the value of block chain technology.

K.I.S.S. It is simple. It is what it is.

What of all the complexities (and models) created after that, and thus moving away from it's 'real purpose'?

Sheep bait designed to confuse - and extract wealth from - the gullible.

*** the attention economy is an old fashioned model based around corrupt crapitalist models of the last century and Edward Bernays's propaganda. It doesn't work, not once people know about the psychology used against them.(real education). Consumerist decadence is last century, and with it, the 'principles' of the attention economy. The values of the attention economy have been waaaaay overpriced.

Think the printing press, with new models being manufactured every few seconds.

Do you think Gutenberg would have been remembered for anything special if it was the case back then? Hardly.

Ever get the feeling that you've been cheated?

Baaaa-aaaa-aa...