Why GenZ Can’t Be the Golden Age of Web3

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I joined the amazing world of Web3, Decentralized Autonomous Organizations (DAOs) and Solarpunk last December, through a Social Impact DAO. Although I never understood the technical part of Web3, I loved the concept of DAOs, decentralization, improving quality of life and education, and self-governance. I still believe that Web3 can change the world and its people for the better, and the current Web3 personalities are the best and most open-minded group of people I have ever met.

However, frankly speaking – I think if Web3 is pushed onto the world it will collapse. What will collapse? Maybe the web3 and crypto market, maybe the world.

Web3 is an idea that was developed as a successor to Web2, the current Internet that promotes “read-write”, and Web1 presents the version of society’s “primitiveness”, which was “read-only”. The idea was that with Web3 built on blockchain technology, it would allow users to “read-write-own”, thereby weakening censorship and increasing privacy and individual ownership, which could potentially be advantageous.

Even in the 21st century, many people from previous generations still hold themselves and their families to orthodox traditions and beliefs, refusing to conform to this “new world”. Today’s world is still in transition to the online generation, and despite the rapid development of the technology industry, it has no control over the reaction of past generations or the present for that matter. This type of technology should be reserved for future generations.

A generation capable of making Web3 technology accessible to all. A generation that is ready to accept Web3 as an advancement of the human race, not a real race to see which country can be the most developed.

Currently, the world is in the hands of “50-year-old men with 150-year-old ideas”. In other words, the government. Ah, the government, the not-so-hard-trying authority that dictates what we as a society can or cannot do. But, however corrupt it may be, it is undeniable that the presence of a central authority controlling us is what keeps society in check. Humans have spent the last million years evolving into a respectable and decent society, but true free will and lack of responsibility will set us right back.

Moreover, with the increase in the use of social media, opinion-based platforms like Twitter are often used for political discussions, and the idea of ​​’progress’ in governments is inevitable. Because of this pressure from external media, governments might tend to rush into crypto as a show of “progress” with little or no knowledge of this niche market and might inadvertently bring down the economy.

For every new policy, new law, or new movement, there will be a group of people who will find loopholes and abuse them. And “break the system” in a movement based on the principle of trust, calls for the abolition of central authorities, advocating decentralization. This will most certainly lead to our downfall. I believe we as a generation, as Gen Z, are right about Web3. We have the dynamism, the ability to adapt easily, the open-minded attitude and the ability to survive and support decentralization. But I’m not sure Web3 is right for us, in this time frame, in this world.

Since joining the world of Web3, Solarpunk and DAO, I’ve loved every minute of it. It’s a world that stands for and stands for everything I stand for. But just as there are pros and cons to choosing to sleep comfortably in Machuga Heights and in doing so cancel your student loan and therefore the next 20 years of your life instead of choosing the more affordable Blanton Hall, there has advantages and disadvantages in introducing such a complicated system to the world. The time must be right. And Gen Z is not the right time.

The Web3 community is widespread and strongly supported by everyone involved. There are many builders, developers, foundations and organizations that play an extremely important role in building the foundations of Web3 for the benefit of our future generations. Our drive as a generation could pave the way for extended sustainability for future generations through this community of enthusiasts.

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