That’s a good point… but I would argue that the funding dynamics are what incentivize projects to make the most of their tech by shipping something, not the details of the tech. Dot Com companies with terrible business models still shipped plenty.
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I agree the financial incentives of crypto are incredibly corrupting and lead to lots of bad ideas being worked on endlessly. But it’s an error to look at that highly predictable dynamic and mistake it for a universal rule describing all participants and projects.
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The problem from the cryptoskeptic side is that every time we point out "none of this code has found real world use beyond financial speculation", the answer is always that we're looking at outdated stuff and missing the cool new thing. And this has also been a consistent pattern
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I think “real world” is the issue. Crypto will eat the things you are thinking of *last*. You will be in the laggard group. The “real world” is going away for many intents and purposes, and crypto is one pillar of what is going to cause the shift.https://gfodor.medium.com/the-rise-of-avatarism-b7ecfa7c42bc …
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The things crypto is doing for people today are frontrunning social signaling, norms, finance, and property for cloud oriented society, among other things. If you’re not thinking that this shift is coming, you wouldn’t see this as “real world” use. But our kids will.
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No, just analysis based on tech trends, cultural trajectory, incentives, and history. I didn’t say I was going to make the leap successfully, I might be left behind. Stop being so judgmental, it could be clouding your judgement.
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Old men are always yelling at clouds but when tech is following exponential curves they will increasingly live to see really weird, incomprehensible shit happen around them they are ill prepared to understand nevermind adapt to.
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Old men are old enough to remember this argument from the last few times it was made, by people like Kurzweil. Exponentials become logistic curves.
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Wellll I actually do think the singularity is coming, in the “intelligence explosion” sense
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Pointing to crypto as exhibit 1 against an intelligence explosion.
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