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Do not attempt to compete with Pinboard. http://pinboard.in  maciej@ceglowski.com +1 415 610 0231

Boulevard of broken dreams
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    1. Pinboard‏ @Pinboard Oct 12

      Pinboard Retweeted Guillaume Poncin

      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 …

      Pinboard added,

      0:06
      Guillaume Poncin @gponcin
      We’re starting a new crypto team at @Stripe. I’m hiring engineers and designers to build the future of Web3 payments: https://stripe.com/jobs/search?q=crypto …. pic.twitter.com/ygYTrA125T
      22 replies 268 retweets 1,016 likes
      Show this thread
    2. Stephen Diehl‏ @smdiehl Oct 12
      Replying to @Pinboard

      Think it's more like "run away with money and let the fools speculative on the story of a future use case".

      2 replies 0 retweets 35 likes
    3. Pinboard‏ @Pinboard Oct 12
      Replying to @smdiehl

      I don't think your analysis makes enough room for the true believers, including the people at Stripe. That's what I keep trying to wrap my brain around because they're not criminals or fools.

      5 replies 1 retweet 25 likes
    4. Stephen Diehl‏ @smdiehl Oct 12
      Replying to @Pinboard

      I think there are certainly people who suspend disbelief because they can make money off the true believers by building casinos for them.

      1 reply 0 retweets 15 likes
      Pinboard‏ @Pinboard Oct 12
      Replying to @smdiehl

      I think there are smart people who think this is a transitional stage to some fresh new utopia, and I want to understand that vision more. The utopians are always far scarier than the grifters or opportunists.

      1:16 PM - 12 Oct 2021
      • 34 Likes
      • monolith (🔱 , 🔱) TechnoCrow Viet James Lloyd ケルシ ⚓️🐰 ☕ Dan York Keith Dethe Elza
      9 replies 0 retweets 34 likes
        1. Brandon Downey‏ @bdowney Oct 12
          Replying to @Pinboard @smdiehl

          I've had cryptocurrency fanatics tell me that it will work in the long term *because* it is a religion. I instantly thought of some sort of Stross/Lovecraft god of dark finance, with tendrils inside the minds of its adherents. They thought this was a good thing, of course.

          0 replies 0 retweets 3 likes
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        1. New conversation
        2. Stephen Diehl‏ @smdiehl Oct 12
          Replying to @Pinboard

          The utopian true believer "financial chestburster" types are pretty much entirely understood as a synthesis of Cyphernomicon, LessWrong and Mises. They certainly exist(ed), but I'm not sure they really shape the narrative much anymore.

          1 reply 0 retweets 2 likes
        3. Alan Johnson‏ @AlanJay1 Oct 13
          Replying to @smdiehl @Pinboard

          I know that this is false because I know many people who don't fit that. Folks who are far more socialist than libertarian, and not of the rationalist movement. I disagree with them, but I think you're underestimating the breadth of the appeal. Especially amongst hackers.

          0 replies 0 retweets 1 like
        4. End of conversation
        1. New conversation
        2. Simon Willison‏Verified account @simonw Oct 12
          Replying to @Pinboard @smdiehl

          I'm usually great at looking at a new technology and coming up with cool new things that it will let me build. "web3" has me completely defeated - maybe I'm lacking the imagination, but I think it's more that the new things it enables fail spectacularly to align with my interests

          2 replies 0 retweets 22 likes
        3. Stephen Diehl‏ @smdiehl Oct 12
          Replying to @simonw @Pinboard

          I've seen a lot of bubbles come and go in our field too, and there's usually a kernel of something real left behind after deflation. With this I truly don't see anything but gambling, crime, or at best a reg-arb'd poor simulacrum of what already exists in traditional banking.🤷‍♂️

          1 reply 0 retweets 5 likes
        4. Show replies
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        2. arturo castro‏ @artur0castro Oct 12
          Replying to @Pinboard @smdiehl

          I' d say there's a blind trust in free markets behind this. I was reading recently this interview with Tim May, one of the founders of the cypherpunks list, and he was so disappointed that their ideas had only lead to get rich quick schemes and not an anarchocapitalist utopia.

          1 reply 0 retweets 1 like
        3. Stephen Diehl‏ @smdiehl Oct 12
          Replying to @artur0castro @Pinboard

          Their anarchocapitalist utopia is kind of a hellscape though. The Cyphernomicon is full of terrible things like murdermarts and private militias etc.

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. Tom Now Free‏ @tomnow3 Oct 12
          Replying to @Pinboard @smdiehl

          It’s fair to say that the smart people who push crypto share a strong libertarian streak. Anything that might escape the clutches of government is worth pursuing to them.

          0 replies 0 retweets 0 likes
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        1. Adel‏ @meoyawn Oct 12
          Replying to @Pinboard @smdiehl

          Is web3 communism?

          0 replies 0 retweets 0 likes
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        1. Kris Nuttycombe‏ @nuttycom Oct 12
          Replying to @Pinboard @smdiehl

          I'm not anybody special, but I'm happy to talk about my personal view of why these developments are important, interesting, and ultimately valuable. DMs are open, and I've written a good bit about what I'm personally trying to achieve at https://aftok.com/guide-foundation.html …

          0 replies 0 retweets 0 likes
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