Web3 as a "speculative community"

The decentralized web should be conceptualized as three distinct spheres: one for speculators (trade), one for participants (earn), and one for consumers (burn). The speculative web encompasses any risky activity where one outlays capital for the purpose of earning a financial return. The participant web involves anyone building or participating in... See more

With the Web3 would-be metaverses, I think they put the cart before the horse. If you put out a speculative offering, like a new coin that gains people entry into a digital world, people might show up, but I don’t know why they’d necessarily keep coming back. On a basic philosophical, human level, a thing is only valuable if a group decides it is. ... See more