Bitcoin, Web3, and Web5
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In this video, I discuss Jack Dorsey's Web5 project and contrast it with Web3.
Web5 is being built on the Bitcoin blockchain, and uses only BTC as its token, unlike Web3 which uses many different tokens, most of which are controlled by VC's and other insiders.
The Bitcoin blockchain is a much stronger foundation to build on, especially compared to Terra, Solana, and Ethereum. We are seeing the Bitcoin ecosystem being built layer by layer, just like the internet.
Web5 brings the promise of decentralized identifiers (DID) and decentralized data storage, which will offer a better internet user experience, as well as more flexibility and privacy for users.
While altcoiners are focused on issuing and trading new tokens, Bitcoiners are building the future.
Not investment advice! Consult a financial advisor.
Initial token allocations:
https://twitter.com/MessariCrypto/status/1394298624906047491/photo/1
Why Web 3.0 Is A Scam:
https://www.youtube.com/watch?v=Un1CegKO1xo&ab_channel=TraderUniversity
Bitcoin vs. Web3:
https://www.youtube.com/watch?v=xaMNN2ns7ak&ab_channel=TraderUniversity
Rip Web3 and VC's:
https://twitter.com/jack/status/1535314738078486533
TBD:
https://hypebeast.com/2021/7/square-new-business-tbd-bitcoin-news
Web5:
https://developer.tbd.website/projects/web5/
https://docs.google.com/presentation/d/1SaHGyY9TjPg4a0VNLCsfchoVG1yU3ffTDsPRcU99H1E/edit#slide=id.g11b904107df_0_1
https://bitcoinmagazine.com/business/jack-dorseys-tbd-presents-bitcoin-based-decentralized-web5
ION Network:
https://identity.foundation/ion/
One coin to rule them all:
https://i.ytimg.com/vi/o6Qfz9m6IyE/maxresdefault.jpg
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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#bitcoin
#web3
#web5
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Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
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