web3 dystopia notes
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# Exchange Value
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@ -5,6 +5,7 @@ There are many different types of value definitions that occur in different disc
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* [Market value](market-value.md)
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* [Fundamental value](fundamental-value.md)
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* [Exchange value](exchange-value.md)
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* [Present value](present-value.md)
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* [Sign value](sign-value.md)
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* [Use value](use-value.md)
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@ -55,9 +55,10 @@ Understand crypto and "web3" in terms of recent news events and interviews and e
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3. [Episode #3: Securities Regulation](/notes/are-crypto-tokens-securities.md)
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4. [Episode #4: Post-state Technocracy](../notes/post-state-technocracy.md)
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5. [Episode #5: Fintech Incrementalism](../notes/fintech-incrementalism-and-responsible-innovation.md)
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6. Episode #6: Mining and Climate Change
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6. Episode #6: Public Goods and Climate Change
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* [Recent News Stories](/notes/recent-events.md)
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* [Commentary on 'Line Goes Up'](../notes/olson-2022-line-go-up.md)
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* [Commentary on 'Web3 is a Libertarian Dystopia'](../notes/web3-dystopia)
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***
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# Web3 is a Libertarian Dystopia
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A critical video essay on the web3 ideology and culture done by anti-MLM and cultural critic munecat.
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https://www.youtube.com/watch?v=u-sNSjS8cq0
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From the video description on YouTube.
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> In today’s video I’m looking into all the hype surrounding [web3](../concepts/web3.md), [blockchain technology](../concepts/blockchain.md), [NFTs](../concepts/nft.md), and trying to work out WHY this is all happening. The Folding Ideas video ‘Line Goes Up’ came out as I was researching this, and I found that even though we had come to the same conclusion on many aspects of this, I actually came to a different conclusion as to why I think this is all happening - and it’s much more dystopian than most people think. This technology is dangerous and could ruin people’s lives in more ways than just losing out on their investments when the bubble deflates or pops. I have found that many people on the left don’t like this technology but they’re not quite sure why - so my video focuses more on how Bitcoin in particular has strong ties to far-right extremism which was birthed out of the Great Depression in the 1930s, and how the extremely [libertarian](../concepts/libertarianism.md) & conservative [Ethereum](../concepts/ethereum.md) founder, Peter Thiel, wants to harvest data for the purposes of governing society with rigid code, and he’s getting Jordan Peterson to help.
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1. [0:00](https://www.youtube.com/watch?v=u-sNSjS8cq0&t=0s) Intro
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2. [6:41](https://www.youtube.com/watch?v=u-sNSjS8cq0&t=401s) NFTs
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3. [12:17](https://www.youtube.com/watch?v=u-sNSjS8cq0&t=737s) Gary Vee's NFTs
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4. [18:16](https://www.youtube.com/watch?v=u-sNSjS8cq0&t=1096s) Celebrity NFTs
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5. [19:22](https://www.youtube.com/watch?v=u-sNSjS8cq0&t=1162s) Play-to-earn NFTs
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6. [23:02](https://www.youtube.com/watch?v=u-sNSjS8cq0&t=1382s) NFT marketing works exactly like MLMs
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7. [26:08](https://www.youtube.com/watch?v=u-sNSjS8cq0&t=1568s) Influencers and Poocoins, Securities Fraud
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8. [36:53](https://www.youtube.com/watch?v=u-sNSjS8cq0&t=2213s) Cryptoland
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9. [41:22](https://www.youtube.com/watch?v=u-sNSjS8cq0&t=2482s) Web3 vs Web3
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10. [43:43](https://www.youtube.com/watch?v=u-sNSjS8cq0&t=2623s) Banking the Unbanked
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11. [47:12](https://www.youtube.com/watch?v=u-sNSjS8cq0&t=2832s) Is it secure?
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12. [52:10](https://www.youtube.com/watch?v=u-sNSjS8cq0&t=3130s) Sending money internationally?
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13. [54:39](https://www.youtube.com/watch?v=u-sNSjS8cq0&t=3279s) bUt tHe FeD pRiNtS mOnEy
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14. [1:02:05](https://www.youtube.com/watch?v=u-sNSjS8cq0&t=3725s) The Superbowl Crypto ads & the "Early days" argument
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15. [1:06:37](https://www.youtube.com/watch?v=u-sNSjS8cq0&t=3725s) BItcoin: The Gold Standard & Right-Wing Extremism
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16. [1:18:27](https://www.youtube.com/watch?v=u-sNSjS8cq0&t=4707s) Ethereum: Peter Thiel wants your data to build a Libertarian utopia
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17. [1:33:29](https://www.youtube.com/watch?v=u-sNSjS8cq0&t=5609s) Is this a bubble?
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# Excerpts
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### Intro
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### NFTs
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### Gary Vee's NFTs
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### Celebrity NFTs
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### Play-to-earn NFTs
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### NFT marketing works exactly like MLMs
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### Influencers and Poocoins, Securities Fraud
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### Cryptoland
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### Web3 vs Web3
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### Banking the Unbanked
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### Is it secure?
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### Sending money internationally?
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### bUt tHe FeD pRiNtS mOnEy
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### The Superbowl Crypto ads & the "Early days" argument
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### BItcoin: The Gold Standard & Right-Wing Extremism
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### Ethereum: Peter Thiel wants your data to build a Libertarian utopia
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### Is this a bubble?
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