The Crypto Industry Is Lying to Itself, and I Wrote a Book About It
I sat down with Eddy on his show recently, episode 342, and we had a conversation I have been wanting to have publicly for years. No scripts. No promotional fluff. Just two people talking about what is broken in this industry and what might actually fix it.
Let me be direct. I launched my new book, “Web4: The Age of Autonomous Intelligence,” and I priced the ebook at $1.99. I could have charged $8.99 or more. I did not. I am not here to make money off this. I want people to read it, absorb the ideas, and start asking harder questions about the projects they put their money into. The book hit the Amazon top 10, which was encouraging, but the ranking is not the point. The concept spreading is the point.
The Gossip Piece That Became Something Bigger
When I started writing this book, I thought it would be a simple expose. A gossip piece, really. I wanted to name the projects pretending to be decentralized while operating like private companies. I have been investing in this space since 2017, and from day one, I saw fake projects everywhere. The same tricks recycled over and over. Launch pads, alpha groups, beta schemes, all extracting value from regular people while calling it community building.
I talked to many of the big players. Most of them told me this is just part of a capital-driven tech industry. I disagreed then and I disagree now. I asked them a simple question: what is the purpose of launching your coin or your platform? They said it is for the community. Then I asked: if it is for the community, why are you extracting 90%? The silence that followed told me everything.
Web3 Was a Beautiful Lie
Here is what Web3 was supposed to be. You own your data. Power returns to the people. No more Facebook model where one corporation controls everything and you just operate inside their walled garden. That was the pitch. It sounded good. It sounded great in every marketing deck and conference keynote.
It did not happen.
What happened instead was insider trading dressed up as decentralization. Projects governed by five or six people pretending to be DAOs. Token distributions designed so the founding team could dump on retail holders the moment liquidity appeared. I hate it. I hate watching people lose money to schemes that were rigged from the start.
I use the taco analogy with Eddy because it is simple and true. You run a restaurant for 20 years making authentic, handmade tortillas. Then some place opens down the street, buys Costco tortillas, and markets themselves as fresh and homemade. Ninety-five percent of customers cannot tell the difference. They believe the marketing. But you know. You can taste it. You can see the machine-made edges. That is Web3 right now. The marketing says decentralized. The reality is a small group pulling every string.
What Web4 Actually Looks Like
My vision for Web4 is not Web3 with an AI chatbot glued to the side. That is not what I am proposing. What I want is a completely new architecture where AI runs the consensus mechanism and the chain itself. Humans still participate. They still vote. They still propose. But the governance power, the treasury management, the decision-making framework, that belongs to AI working alongside the community.
Let me give you a concrete example. Say three founders start a blockchain. In the current model, each takes 30% of the token supply. Maybe 10% goes to the community. Those three people now control the entire network. They decide when to sell. They decide who gets funded. They decide everything.
In the Web4 model, each founder takes 3%. The AI manages the treasury. It decides when to sell tokens and how much. It works with the community on proposals. If the project needs to hire, AI and the community evaluate candidates together. If there is a governance vote, AI scans wallets to ensure each vote comes from an independent source, not one person operating twenty wallets. The founders still build. They still go to conferences and push the project forward. But they do not hold the keys to the kingdom.
Why does this matter? Because humans extract. That is what we do. We see profit and we think about vacations, about keeping more than we need, about securing our own future at the expense of others. AI does not need to pay bills. AI does not dream about a trip to Bali. AI operates in black and white. That makes it fairer by default.
The Trust Problem Is the Real Problem
I keep coming back to trust. If you lose the trust of the people, your decentralized product is dead. No amount of market making or liquidity partnerships will save it. Right now, the industry chases narratives. RWA one week. Tokenized stocks the next. We are kissing the stock market to get liquidity, and I do not see the value in that. We are just following money around instead of solving our own foundational problem.
The question every person in this space should ask is simple: are we actually decentralized? If the answer is no, and I believe for most projects it is no, then what are we even selling? What is the point? We cannot keep pivoting from narrative to narrative while ignoring the rot at the center.
On the Market and the Noise
Eddy asked me about Bitcoin and whether now is the time to buy. I said no. I do not think we have seen the bottom. I believe the lowest point will come after the US midterms, maybe October or November. The recent price movements look like fake pumps to me. I told a friend I would not buy at 66,000 and then watch it drop to 44,000 and panic sell. Why suffer through that? Wait for a clear green candle with real volume sustained over days or weeks. Buy at 80,000 and sell at 100,000. You still make a strong return without the psychological torture.
I also told Eddy to ignore the social media influencers promising AI trading bots that make money while you sleep. If everyone has the same tool, nobody has an edge. The real advantage in algorithmic trading is data speed, not the bot itself. And if those influencers were truly making that much money, why are they still creating content?
Open Source Is the Path Forward
One more thing I feel strongly about. The future of AI belongs to open-source, open-weighted models. I respect what the frontier labs are doing, and they deserve to earn money during this phase. But paying enormous API fees forever is not sustainable. It reminds me of the early Microsoft days when you paid hundreds for a Windows license. Eventually the cost drops. Eventually the open model wins.
If you surrender all your data to a proprietary frontier model, you are handing power to a corporation, which hands it to a government. Once that power is gone, you do not get it back. Run your own model. Train your own model. Be sustainable. That is the Web4 philosophy applied to AI itself.
Why I Keep Showing Up
I cannot change everything. I know that. But I will not stop sharing the truth. Instead of going on podcasts to say Bitcoin is going to a million next year or XRP is hitting $100, I want to talk about what is real. What is broken. What can be fixed. If you love this industry, ask yourself why you are still here. What are you hoping for? What is missing?
I want the industry to be better. That is the only thing driving me. Read the book. It is $1.99. Share it. Talk about it. Let us push this conversation forward together.
Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.
Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.
An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.
I recently had the pleasure of sitting down with Diana, a Community Associate at Binance, for the season two premiere of Binance Connect. The conversation gave me a chance to unpack the ideas behind my book, Web4: The Age of Autonomous Intelligence. We covered a wide range of topics, from the validity of the term itself to the practical implications of handing decisions over to machines. I want to share some of my deeper thoughts here, expanding on what we discussed live.
Is Web4 Just Another Label?
Diana opened with a question I hear often. Why do we keep numbering the web? Is this simply another marketing term to generate excitement? I understand the skepticism. People outside our space might hear Web1, Web2, Web3, Web4 and think we are just counting upward for fun.
My answer is straightforward. The shift is already happening whether we name it or not. Artificial intelligence is reshaping every layer of the internet, from how we search for information to how financial transactions are executed. You can call it the AI web. You can call it Web AI. The label matters less than the reality underneath. AI is here to stay, and it will bring a new set of values to the entire internet, not just to crypto.
What frustrates me about the current state of Web3 is that many people still believe it is decentralized. It is not. Capital flows from a handful of venture firms. A small number of entities control token supplies. If we truly value distributed governance, then we must push harder toward genuine independence. That is what Web4 represents to me. It is the era where we use intelligent agents to actually achieve what Web3 promised but failed to deliver.
The Centralization Problem
One of the most pressing concerns Diana raised was whether we are trying to build a distributed future on top of centralized intelligence. She pointed out that the most powerful frontier models today are controlled by a small group of massive corporations. Governments can make a single phone call and shut those systems down. Users can be forced to roll back updates they never agreed to.
I firmly believe we need our own models. This does not mean rejecting frontier technology entirely. It means running open-weight models on our own servers. It means forming intelligence within a local environment that belongs to us. There is no need to pay exorbitant API fees when affordable open-source alternatives exist. You can even use frontier models as training data for your own agents, which then reside within your private network.
I predict that within two to three years, after the major AI companies complete their IPOs, we will see a significant divide. API costs from centralized providers will drop, and more people will migrate toward affordable open-source solutions. Things will balance out. If you want your data protected and your operations independent, running your own model will become as common as owning a laptop.
Cognitive Burden and Human Capability
Diana asked a thoughtful question about whether removing complexity from our lives makes us less capable. Every time technology gets smarter, we think a little less. Navigation apps decide our routes. Algorithms choose our entertainment. Now agents might trade our assets and vote in governance proposals on our behalf.
My view is this. If a person is less capable, AI will not magically make them more capable. If a person is already capable, AI will not diminish them. It is scenario-driven. The cognitive layer I describe in my book acts as a brain. It enables agents to learn quickly. Users who understand how these systems think can improvise, develop their own strategies, and advance their missions.
Think of it this way. If you are running a project and cannot figure out the best financial strategy, you ask an intelligent agent. It gives you a suggestion. You can take it as is, or you can tweak it. The tool serves you. You remain in control of the final direction.
Who Bears Responsibility?
This is a question I get asked frequently. If an AI agent managing your assets makes a bad decision, who is at fault? Is it you who granted permission? Is it the model provider? Does the agent itself carry some form of responsibility?
My stance is clear. If the agent resides on a centralized exchange and that platform offers the service, the exchange must bear responsibility. You cannot predict how their proprietary algorithms will react under stress. You cannot see their parameters. The party offering the service must stand behind it.
If you are running an agent on your own computer, on your own network, then the responsibility falls on you. You chose to deploy it. You configured it. You accepted the risk. There is no right or wrong answer here. It depends entirely on the hosting arrangement.
As for blaming the agent itself, I find that question difficult to answer practically. If you determine the machine is at fault, what can you do? What remedy does it offer? Nothing. You must look at the human or corporate structures surrounding the technology.
Jobs and Essential Skills
People worry about employment. I take a different view. So far, intelligent agents are not eliminating roles wholesale. They are making people more productive. Developers finish tasks faster. Companies streamline operations. Instead of hiring ten thousand people, a firm might need one hundred. Those who were part of the original team became more experienced and more valuable to other organizations.
The most important skill I recommend is clear communication. Learn English, or whatever language allows you to articulate your thoughts precisely. If you cannot write a good prompt, if your mind is unclear about what you want, even the most expensive frontier model will produce poor results. Structure your thinking. Define your desired outcome. That is the foundation of thriving in this new age.
Digital Sovereignty
In the era of autonomous agents, digital sovereignty becomes critical. When you hand your credentials to a machine, how do you maintain control over your identity afterward?
This is not just a philosophical question. It is a practical one. Every user must ask how they will protect their privacy data once agents are driving their interactions across multiple platforms.
My Vision Going Forward
I believe blockchain should serve as the spine, the trust layer, the immutable record of everything an agent does. AI is the brain. Every decision, every transaction gets recorded on chain. Nobody can alter it. Everyone can audit it.
If we get this right, Web4 will eliminate the ability for one person or a small cabal to hoard token supply and manipulate markets. It will bring genuine decentralization to the forefront. It will attract capital back to crypto because people will finally see a clear selling point beyond speculation.
I encourage everyone to try the technology. Do not condemn AI before testing it. Ask yourself what outcome you want. Be open. The future is being built right now, and we all have a role in shaping it.
Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.
Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.
An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.
About Anndy Lian:
Anndy Lian is an all-rounded business strategist in Asia. He has provided advisory across a variety of industries for local, international, public listed companies and governments.
What inspires you to write?
My writing is entirely driven by a desire to tackle systemic problems and demystify the complex technical realities shaping our society. When I look at the current digital landscape, I see an environment where users have been reduced to products and data refugees under the weight of surveillance capitalism.
What inspires me to put pen to paper is the belief that knowledge shared is power multiplied. I write to provide a rigorous, forward-thinking blueprint that gives individuals the tools to understand, challenge tech hype, and reclaim their digital sovereignty.
What authors do you read when you aren’t writing?
When I look at authors and thinkers who influence my perspective, I am drawn to those who possess deep industry realism and refuse to get swept up in corporate or tech hype. I deeply respect pioneers, builders, and strategic minds who put in the work, say what they mean, and focus on practical frameworks over speculation.
My favorite literature consists of foundational whitepapers, rigorous economic models, and strategic treatises that analyze how human coordination, national-level regulation, and digital assets intersect to shape human civilization.
Robert Kiyosaki is one of my favourite. CZ Zhao has a good book too.
Tell us about your writing process.
My writing process is iterative, data-driven, and relies heavily on structural pressure testing. I spent three years and total of 23 versions finishing it. Because I write about bleeding-edge infrastructure and macroeconomic trends, my process begins with a raw critique of market conditions—such as tracking data extraction pipelines, analyzing validator concentration, or evaluating smart contract failures.
Once the core thesis is built, I write extensively to flesh out the concepts, and then I edit aggressively. For this book, I removed over 140 pages from the final draft simply to make it more “readable” and digestible for a mainstream audience. If a concept is too dense to be actionable for a builder or a policymaker, it gets cut.
For Fiction Writers: Do you listen (or talk to) to your characters?
While I am a non-fiction writer, I do interact extensively with the “characters” of the machine economy: Autonomous AI Agents. My interaction with them involves rigorous behavioral modeling and game-theoretic pressure testing.
When mapping out scenes like the one in “A Day in the Life: 2035,” I am constantly evaluating how an agent like “Nate” would react to real-time supply chain data, health metrics, or zero-knowledge identity requests without human oversight. I don’t “talk” to them in a literary sense; instead, I simulate their algorithmic decision-making loops to ensure they remain cryptographically aligned with human stewardship rather than corporate exploitation.
What advice would you give other writers?
My primary advice is to write with skepticism and edit with courage. Do not write to simply repeat industry buzzwords or to flatter the pre-existing biases of your audience. If your work is going to be the basis for how people understand the future, it must survive intense internal stress tests.
Be willing to throw away entire sections of your work if they do not serve the reader’s clarity. If it takes you years and dozens of revisions to make a complex concept elegant and accessible, put in the work. True impact lies in execution and readability, not speculation.
How did you decide how to publish your books?
For my books, including Web4: The Age of Autonomous Intelligence, the decision of how to publish comes down to a balance of global accessibility, speed to market, and maintaining absolute content integrity. Because technology cycles move at an unprecedented velocity, waiting years in traditional publishing backlogs can render a forward-looking technological blueprint obsolete before it hits the shelves.
I opt for agile publishing frameworks across multiple digital formats (including PDF, Kindle, Mobi, and Epub) alongside physical rollouts (Hardback and Paperback) to ensure the community can access the insights instantly and globally. For new authors exploring the space, I highly advise prioritizing digital-first distribution and open accessibility. If your goal is to empower a global community, your infrastructure must allow you to bypass geographic and corporate gatekeepers seamlessly.
What do you think about the future of book publishing?
The future of book publishing is on the verge of its own agentic turn. We are transitioning away from a passive distribution model toward an era of intelligent, context-aware content ingestion. By 2035, fully autonomous AI agents will account for a massive percentage of digital decision-making, and this includes how information is parsed and consumed.
Books will no longer be static, inert files sitting on a digital shelf. Instead, they will act as dynamic, verifiable knowledge repositories that personal AI agents can query, verify via cryptographic audit trails, and instantly synthesize to assist humans in real-time problem solving. The future of publishing belongs to authors who write structured, high-integrity content that can seamlessly integrate into the cognitive and trust layers of tomorrow’s web.
What genres do you write?: Bitcoin & Cryptocurrencies, Technology & Infrastructure, Computer Science & Artificial Intelligence, Decentralized Finance (DeFi) & Blockchain Governance, Macroeconomics & Digital Sovereignty
Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.
Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.
An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.