I think there are certainly people who suspend disbelief because they can make money off the true believers by building casinos for them.
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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.
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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
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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.
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At least I could use WebVan to order something tasty that'd actually show up at my condo.
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WebVan was such an obviously good idea which just happened to be over a decade too early
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IMHO, the good idea wasn't WebVan, but rather grocery delivery. I don't think WebVan's "let's build fancy warehouses and a fleet of our own trucks in this low margin business" would ever fly. Grocery delivery on the blockchain? *That's* an idea!https://en.wikipedia.org/wiki/Webvan
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With hindsight the right model was to team up with existing supermarket chains so you don't need to solve the warehouse side of it - but the product itself was a win, just not the model behind it
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I imagine going to a supermarket chain with that partnership proposal in 1998 would have met with fear of competition or blank stares at best though
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Yeah, that's definitely possible. I'll also grant that their inventory systems may not have been up to the challenge at the time as well.
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I agree with Simon's big point here that in the late 90's bubble, everyone could agree on the eventual outcome (you'd be able to order everything online) and it was just the path to get there first and at a profit that was unclear.
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You don't buy the web3.0 dream we'll all be existing in a metaverse, with most of use playing the role of serfs forced to rent digital property rights from our new oligarchs who were savvy enough to corner the market on ape jpgs back during the landgrab?
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