People have to be willing to invest a lot of time and brainpower into understanding even pretty surface-level analyses of web3, and I think a lot of people just click away.
I watch DAOs spring into existence and encounter a lot of the same difficulties we’ve seen over and over again, I often find myself wondering how many members have ever been involved in community-run projects in the past. I think a lot of people are dipping their toes in for the first time, and learning a lot of things the hard way, with very high stakes.
Web3 also adds an enormous amount of complexity on top of the already-complex types of issues that the Wikimedia community has faced, because there’s money involved.
The majority of people contributing to Wikipedia are doing so out of a desire to improve an encyclopedic resource. With web3 you have a whole mix of motivations, including wanting to support a specific project, wanting to do good in various broader ways, and just wanting to make a lot of money. Those things can be in conflict a lot of the time.
We’ve already seen repeats of history in a lot of ways: projects being exploited for failing to follow what are normally the most fundamental software security practices, or people falling for fraudulent schemes that have existed for ages but have been adapted to use web3 technology.
[Via]
Source :- https://nextbigwhat.com Author :- NextBigWhat Date :-February 17, 2022 at 11:27AM