Crypto Isn’t Web 3.0 – It’s the New Gospel of Capitalism 😏

by

When one speaks of crypto as though it were merely “Web 3.0,” a shiny layer of the internet with its promises of asset ownership unshackled by permission, one commits an injustice to truth itself. For crypto, as uttered by Mert Mumtaz, steward of the Helius citadel of nodes, is not simply a tool but the very re-forging of the old machine we once called capitalism. ⚙️🔥

Mumtaz, with the solemnity of a prophet yet the glimmer of a merchant counting coins, declared that crypto infuses capitalism with all the elements it long desired but never quite achieved: the ceaseless flow of information through scattered channels, the sanctity of immutable property, the alignment of selfish incentives into collective movement, the glasslike transparency no bureaucrat could smudge, and the merciless velocity of capital itself – so frictionless it might well glide off the table. And then he sighed, perhaps with irony:

“Do not call it Web 3.0, for that belittles its spirit. Call it what it is: Capitalism 2.0 – a sequel the world neither asked for nor can escape.”

And lo, in September, the guardians of America’s coin – the Securities and Exchange Commission and the Commodity Futures Trading Commission – raised their brows to the heavens and wondered aloud: “What if the markets never slept? What if, like a farmer’s wife or a blockchain zealot, they worked day and night, weekends and holidays alike?”

Should such a vision take root, it would shatter the stately leisure of Wall Street, where the bells once tolled to open and close the day, reminding mortals that even money must rest. Now, money is to be denied its Sabbath. 😅

US regulators whisper of eternal markets ⏰

These regulators – men in suits armed with pens rather than swords – sketched plans for markets without dusk, rules for futures contracts without death (surely Dostoevsky would nod knowingly), and prophecies of markets where even tomorrow’s misfortunes could be traded today. Their proclamation rang clear:

“Foreign exchange, gold, crypto – they already labor without pause. Why should not the rest of our markets, too, join this endless toil? For the world is always awake, and we must not sleep.”

Thus begins the weaving together of the venerable banking halls and the fevered digital bazaars, a marriage of dusty ledgers and shimmering tokens. The rails of this new economy will be digital, its treasures tokenized, its mysteries forever carved into the blockchain. 🪙✨

What treasures, you ask? Stocks recast into lines of code; dollars frozen into stablecoins; bonds, art, baubles, perhaps even the land beneath your feet – all will become fragments of this tokenized cosmos. No painting too sacred, no house too humble. All shall be digitized, and all shall be traded. 🏠🎨

In July, the Solana Foundation – a band of architects building cathedrals from code – unfurled its scroll of destiny, stretching to the year 2027. Upon it was written: “We shall craft internet capital markets.” Meanwhile, Robinhood, ever eager to mix novelty with nostalgia, offered Europeans tokenized stocks, as if to say: “Here, take thy capitalism in digital fragments; it is lighter to carry and quicker to lose.”

Read More

2025-09-15 01:40