Web 3.0 – The Great Con
> <i>Blockchain is the greatest technological fraud of the last decade. A fraud so simple, so ridiculous and yet so brilliant, it's taken in even some genuine experts in its thrall of empty hype and false promises. On top of this fraud sits the even greater fraud of Bitcoin and cryptocurrencies, which are nothing more than unregulated, unlicensed, wild west securities. They are functionally useless as currencies outside the realms of criminal activity and a Ponzi scheme in effect if not name for everyone else.</i><p>Literally every single statement in this opening paragraph is demonstrably objectively false, regardless of where you stand on cryptocurrencies.<p>It’s not worth abandoning objective reality to signal to your tribe.