The web3 concept that is slowly congealing is an interesting inversion of web 2.0. Back then the idea was "build social websites and figure out the money part later." Today it's "build money stuff and figure out some non-speculative use for it later."https://twitter.com/gponcin/status/1447948308907913218 …
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For my part, I knew we were doomed when Matt Blaze sold the crypto-dot-com domain. (I say that without casting any aspersions on Matt)
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The world I live in becoming objectively stupid right as I enter middle age is like an extra prank the universe is playing on me.https://www.youtube.com/watch?v=HMqZ2PPOLik …
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I forgot to credit
@qrs in this thread for the concept of "every smart contract is its own bug bounty"https://twitter.com/qrs/status/1395784294451265536 …
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Someone reminded me that "web 2.0" was also eaten by its own boil-the-ocean project, the Semantic Web. But at least no one poured billions of dollars into RDF and ontologies and converting the planet to XML. This time we gave the architecture astronauts access to limitless money
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exceptionalism + greed ?
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“It is difficult to get a man to understand something when his salary depends on his not understanding it”. Doesn’t matter how ridiculous, unworkable, and toxic something is. If it means the *possibility* of lots of easy money, people will flock to it.
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I have yet to see a blockchain application outside of coins and the morass of NFTs that couldn't convincingly be solved with a database. There are even ledger backed dabases now FFS. Web3 feels like a massive con.
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literally i think this every second. it feels like im experiencing the birth of capitalism all over again and now i understand how such a fucking terrible economic system is standard.
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i mean it mega-sucks cuz its an extra-shitty meta-layer of capitalism on top of the already awful capitalism we haven't fixed yet
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