ThePrimediaDAO founder Jerry
In the mindset of “learning from the barbarians to control the barbarians”, as a representative of the financial media of the 80s, our cultural system and cognitive thinking have long had a strong sense of the superiority of the “American spirit”: democracy, freedom, and human rights. In the reporting of major news events, we have also intentionally compared the superiority of the three powers of the American mechanism: legislative, executive, and judicial powers are held by different agencies, independently exercised and mutually restrained.
However, with the advent of Bitcoin and the “spirit of encryption”, we gradually realized that there would be better governance mechanisms and social order in the process of human advancement towards digitalization. Especially when the U.S. government, controlled by “capital,” tore down the “American civilization” and declared the “failure of the American spirit” during the large-scale repression of protests by university students, it is necessary for us to reassess the risks of the “Ethereum POS” path and the significance of the geek spirit of the encrypted world.
Recently, demonstrations have erupted on campuses of several well-known universities across the United States, demanding a permanent ceasefire in the Gaza Strip and an end to U.S. military aid to Israel. The students’ demands are not radical, mainly aimed at keeping the school’s funds from investing in companies related to Israel and completely divesting from Israeli companies and those that support the invasion of Israel.
In the face of any “justice” in the development process of human history, intellectuals have paid a painful price in the pursuit of justice. The attitudes of American and Israeli authorities towards the demonstrations by American students are basically the same. Biden called this blatant “anti-Semitism” should be condemned, and Speaker of the U.S. House of Representatives Johnson denounced them as “anti-Semitic thugs.” Despite some U.S. politicians labeling the protesters as “anti-Semitic” and suppressing them forcefully, the protest movement has continued to escalate.
Since 2020, with the progress of the encrypted ecosystem brought about by the DeFi bull market, including the basic functions of NFTs, the governance mechanism of DAOs, and the efficiency improvement of Layer2… People have begun to imagine the arrival of the blockchain application era and the order of the metaverse digital civilization.
In the narrative of “AI and Web3 at the metaverse summit,” we also integrate AI elements— the best way to deal with AI is the narrative of “AI and Web3 at the metaverse summit”: AI provides computing power and forms intelligent network application scenarios, and blockchain/Web3 establishes order for AI (intelligent network). In this narrative, we also look forward to the advancement of human digitalization. By bringing together the power of technology and industry to construct the metaverse space, if the metaverse space is just a highly immersive digital space, is it worth it? Using decentralized blockchain/Web3, token incentive mechanisms, and DAO organizational governance to reconstruct digital society and provide human evolution with a better social system and governance structure is the only way to justify the efforts to construct a digital space and look forward to the metaverse world. Therefore, this metaverse scene will be even grander than V God’s decentralized society (DeSoc).
But the failure of the United States has alerted us— human governance is far more complex and dangerous than intelligent networks. Even the separation of powers and democracy and the rule of law will be wiped out by a government controlled by capital.
The encrypted world is also facing the same danger. At the beginning of Ethereum’s transition to POS, ThePrimedia once wrote an article “Stick to the Logic of PoW: Analysis of the Legitimacy and Feasibility of Ethereum Merge Hard Fork” to remind that if we do not stop it, then after more than a decade since the birth of Bitcoin, the impossible triangle of the blockchain world will be “solved”— at the cost of giving up decentralization, it will completely become a mundane financial game no different from Wall Street. Since Bitcoin, Satoshi Nakamoto has “opened a window and let out a beam of light” for the world’s imagination, which will also disappear.
Instead of focusing on the gains and losses after the computation becomes POS, we should carefully consider what went wrong— why is there applause for the trend of centralization? Signs of the urgency and importance of reemphasizing the concept of decentralization have been constantly emerging.
Through our experience and reflection on participating in blockchain projects that practice community governance based on the mechanism of DAO and incubating Web3 media protocols, we will gain a better perspective to understand the risks of the “Ethereum path” by examining the “failure of the United States”.
While we celebrate the capital brought about by the Bitcoin ETF, the encrypted world is also paving the way for “capital control.” This is extremely dangerous. Fortunately, the efforts of the Bitcoin second layer and the practice of cross-chain interoperability have provided better choices for the encrypted world beyond the “Ethereum path”.
Of course, there are still doubts in the market: Bitcoin faces obstacles in expanding its use cases and scalability, and some EVMs are pseudo Bitcoin second layers. It is necessary and urgent to improve the scalability, security, and cross-chain capabilities of Bitcoin, promote the issuance of secure assets for cross-heterogeneous blockchains, and cross-chain experiences, especially in ensuring the scalability of Bitcoin without changing its consensus rules, and promoting fast and secure development of Bitcoin’s second layer and interoperability.
Today, whether in the physical world or the encrypted world, we are in an era of rapid change and development. As the spirit and system of the beautiful country in the physical world show signs of decline, terms such as open source, geek, encryption, DAO, decentralization, AI, quantum, interstellar migration, metaverse, and decentralization continue to emerge and iterate human cognition and behavior patterns.
In the narrative of “AI and Web3 at the metaverse summit,” a group of new era evangelists, leaders, and promoters will be born.
