The Phantom Customer
Why Web3 Projects Are Often Just Charities for Speculators
In the digital frontier of Web3, we’ve built shimmering cathedrals of commerce where the only congregants are the architects in different hats.
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Why Web3 Projects Are Often Just Charities for Speculators
In the digital frontier of Web3, we’ve built shimmering cathedrals of commerce where the only congregants are the architects in different hats.
Marcus Thornewood
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August 26, 2026
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4 min
Harvesting Smoke in the Digital Sharecropper’s Field
Airdrop farming has evolved into a sophisticated extraction system where retail users trade their time and capital for tokens that often dissolve upon arrival.
Marcus Thornewood
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August 1, 2026
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4 min