How far is Web3 from 90% of ordinary people?

In the past week, because of the Curve incident, which has dominated the industry headlines, the “dark forest” of Web3 has once again confirmed its attributes. Once it is “lit up”, it will attract more attention, and this attention will bring more A kind of “reflexivity” - the higher the attention, the greater the impact.

Although the founder of Curve sold CRV all the way to solve the urgent need, once the story happens, it will be difficult to reshape it in the short term. After all, the foundation of this industry is still in “funding”.

We can’t help but wonder, what exactly has Web3 brought to the general public in the past few years?

Some people may say that it is the spirit of “decentralization”, and some people say it is the new story of capital, but so far, apart from the media reports, in fact, Web3 is still far away from 90% of ordinary people, so the next question is It becomes: how far is very far?

Curve’s incident confirms the current state of the industry: my token, your problem.

how do I say this? From the perspective of the application, the token represents the development status of the application, and it is also the “vote” of the general participants on the application, but it is difficult for the ordinary owner of the token to decide the so-called development, and the burden will naturally fall on the On the shoulders of the team, and the team’s empowerment and performance of the token is the basis for the development of the application, so when a problem occurs, the result will only fall on the participants. After all, “the token is mine, and the possession is yours.” choose".

Therefore, the author believes that if the Web3 industry needs to enter the lives of 90% of ordinary people, this paradox must be resolved, otherwise people entering the industry will always pay for “problems” instead of helping the industry to go better, ** How to weaken “my token, your problem” should be the direction that the entire industry needs to think about**.

Of course, going back to the original nature of Web3, the significance of tokens is self-evident. After all, the alliance chain has told us the answer through practice, but it seems that no one will like products that are purely finance. This is also the dilemma of GameFi. When this ceiling is broken, it also means that Web3 games usher in a new life.

As for whether the story of Curve will have a happy ending, it seems that the founders are aware of the problem. If they keep “my token, your problem”, the product may die, so selling it seems to be an option. , but whether he should accept the award still needs to be pondered.

The relationship between the current project team and participants can probably be described by a classic line from Master Xing:

*Participants: Is it okay to not pass the pass? *

*Project team: Don’t want to pass the pass, will you support me? *

*Participant: I am raising you! *

Is the logic wrong? Everything seems to be well-founded until there is no problem, but after the problem occurs, it seems that the answer is not so sure.

As Hashed’s partners stated in an interview last week, “Hashed’s investment philosophy starts from three assumptions about the market: first, all assets will eventually be tokenized. Second, humans will conduct more transactions digitally. Social interaction. Third, decentralized organizations will last longer and be larger than existing organizations.”

If this hypothetical logic is true, the universalization of Web3 will inevitably require more people to accept a premise, “Although it is my token, you may face problems.”

At this point, it is better to use the 2014 a16z co-founder Anderson in “Why is BTC important?” "The description of BTC value and speculation in the article ends this week’s knowledge:

“The value of BTC is based more on speculation than actual payment volume. Speculation is building a price for the currency high enough that payments are actually possible. BTC currency must first have value before it can withstand the reality of any amount. The world’s payment volume.”