Yet another criticism of web3 – Bill Gates it is not not packed through the web3 or the metaverse. The Microsoft co-founder apparently doesn’t see the major role that blockchain and cryptocurrencies could play in the emergence of a decentralized internet.
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During his 11th session Of“Ask Me Anything” (AMA) on Reddit, Bill Gates reported that theartificial intelligence (AI) could be the technology whose stage ofEvolution current would be internet-like in the early 2000s.
Microsoft co-founder says artificial intelligence is “completely revolutionary”everything inside underestimate in passing the potential of network 3 And metaverse. In fact, he believes web 3 is not as important as AI. He doesn’t believe the metaverse was revolutionary per se.
Cryptos and NFTs and “The Big Fool Theory”
During his TechCrunch Talk appearance in June of last year, Bill Gates had already held much more scathing talk about cryptocurrencies and NFTsthat would “based 100% on the great fool theory”.
This theory, also known as the survivor theory in finance and economics, states that a person (the madman) buys an item at a price above its value in the hopes of later reselling it at an even higher price to another person. This last person then becomes the “the biggest fool”.
Some observers still consider cryptocurrencies, the metaverse where the web3 generally just as simple password, which would actually have no relevant use cases and are doomed to disappear. And bear markets have given voice to critics of this emerging sector. Recently, even Nassim Nicholas Taleb called Bitcoin (BTC) users “crazy”.
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