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Recently, many people have been jumping on the bandwagon to buy coins like JASMY and BROCCOLI, claiming they can make you rich overnight. Out of curiosity, I looked into the white paper, and it raised quite a few questions.
JASMY promotes the concept of IoT + personal data sovereignty, claiming that companies must pay JASMY tokens to users to access their data. It sounds very imaginative, but the reality might be more complicated.
To be honest, these kinds of projects heavily depend on the recognition from the enterprise side. The logic is simple—no matter how much incentive you give to users, if enterprises have no motivation to participate or change their existing data acquisition methods, the entire system can't take off. You can't expect capitalists to just pay users out of their own pockets, right? In reality, companies' cost considerations often outweigh blockchain's idealism.
That's why I am a bit skeptical of projects that claim to be Web3—conceptually flashy, but the practical implementation is often overlooked. Interestingly, similar dilemmas can be seen in many so-called breakthrough projects.