'How the Financial Crisis, Trump, Covid19 & GameStop Created Web3' by ThePourquoiPas web3 metaverse
The world is bursting with talks of new, exciting technologies. Blockchain, Cryptocurrencies, NFTs, DAOs, DeFi, Metaverse… all manners of concepts have seemingly sprouted from our collective digital imagination. Alone, they are naught but fun diversions. Together, they make up the key components of Web3.
The circumstance of their birth matters more to shape technologies than the intent behind their creationsThe 2007-2008 Financial CrisisThis has made a lot of people very angry and has been widely regarded as a bad move. The world was not yet ready for Web3, but the seeds were sown. It would have to get worse for them to sprout. Much worse.This has made a lot of people very angry and has been widely regarded as a bad move.was a year of political upheaval, intensified by technological platforms. Facebook was being used to influence politics, from the United States to Myanmar. Britain had triggered article 50 following a farcical misinformation campaign. France barely avoided a far-right government.
. We’ve had to be fired, work jobs that felt unsafe, or commit to what feels like a lifetime of Zoom. We’ve had to ask everyone how they’re doing, all the time. We’ve had to home-school our children and check on our parents. We’ve had to keep up with the news, because what else was there to do. We’ve lived, laughed, loved, and we’ve died, cried, mourned.
The 2021 short squeeze happened for a few reasons. Greed, obviously. But also boredom, and access to disposable income that had not been spent in 2020 because of the pandemic. The last two ingredients came straight out of 2008: determination to teach Wall Street a lesson, and an endless flow of get-rich-quick hype and ideas delivered via social media.
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