I still remember the early thrill of crypto—back when decentralization actually meant open code, real community, and no secret handshakes. But nowadays? It’s a total letdown. I’ve seen so many Web3 startups tossing around buzzwords like “DAO,” “governance,” and “community” like confetti, yet behind the flashy claims lies closed-source code and decision-making that’s anything but decentralized. Seriously, it’s just FinTech with extra steps, and I’m over it.
I mean, look:
- They hype up DAOs as if every token holder is calling the shots—but then, surprise, the code is locked away from public view.
- They swear by “community” and “governance,” yet all the big decisions come from a tiny core team.
- It’s like a magic trick where the secret is hidden under a rug—only there’s no real magic at all, just marketing smoke and mirrors.
Remember when decentralization was supposed to empower everyone? Even Elon Musk once said Web3 “seems more marketing buzzword than reality” ( ). And honestly, if the only thing decentralized is the way they distract us with fancy terms, then what’s the point?
On a side note, just like finding out you’re the only one in your class who gets Linux (😭), discovering that these startups aren’t really about crypto’s core values feels like being the lone voice of reason in a room full of hype. Come on, guys—if you’re gonna ride the crypto wave, at least get the basics right!
At the end of the day, we deserve better than buzzword bingo. Let’s call it like it is: if you’re going to claim decentralization, show us the open-source code and share the decision-making power. Until then, don’t dress up FinTech in Web3 garb and pretend it’s a revolution.
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