Masterclass teaches crypto and Web3 as Cointelegraph reviews a new series of online classes featuring industry experts.
For the uninitiated, the world of cryptocurrencies and blockchain technology can be daunting, confusing and difficult to comprehend. Three industry experts and a skeptical economist explore the past, present and future of the burgeoning technology in a new online learning series.
Zhao encapsulates the evolution of the technology by highlighting how the internet allowed humanity to transfer information, while blockchain builds upon that by powering the transfer of value. Meanwhile, Choi provided a more pertinent insight, pressing home the power of decentralization in giving control back to individuals:
The concept and appeal of “freedom” are touched on by both Zhao and Dixon, with the former pointing to this aspect being desirable to both libertarians and “hardcore anarchists.” Dixon wraps up the class by quoting writer William Gibson:His belief is that crypto is still a grassroots internet and technology movement. But tech companies and financial institutions don’t like it, which puts paid to the quote above.
“What that means for creators, devs and entrepreneurs is that instead of building on open systems, you were dependent on those companies to acquire and maintain audiences to sell things.” Perhaps most importantly, Dixon weighs in on why Web3 matters considering three simple questions. Who makes the money? Who controls the content? Who controls the network? Web3’s value is the transfer of true ownership from the few to the many:
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