The creator of Web3 Is Going Just Great does not, in fact, think Web3 is going so great at this moment.
from its Monday crash, and Luna’s and Terra’s record-low declines persisted, I spoke with White over Zoom about why she started Web3 Is Going Just Great, what she makes of recent events, and how she became so skeptical about the promises of crypto. Our conversation has been edited and condensed for clarity.that you reached a moment with crypto when you realized this technology was “so harmful,” and that you had to advocate against it.
It’s kind of a hodgepodge. Early on, I source stuff proactively by looking at various crypto-specific publications. I was looking on subreddits, and there were other crypto skeptics I followed pretty closely. Now, as the site’s become a little more well-known, people will tag me if they see a tweet about a hack or something—which is super convenient, because that takes a lot of the effort out for me.
I think it’s what a lot of us have been worried was going to happen. We’ve seen Bitcoin and some of the bigger cryptocurrencies do this before—this isn’t the first time that Bitcoin has tanked, it sort of happens on a cycle at this point. If cryptocurrencies like Bitcoin and Ethereum start to drop … there are a lot of projects that are heavily dependent on their prices either staying fairly stable or continuing to go up.
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