The tech for a hype bubble only has to be appealing to architecture astronauts, not something you actually need to build with.
If Semantic Web had had a more robust speculation mechanism, we'd be in the other Web3's hype bubble right now.
HT @Pinboard for the insight.
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Architecture astronauts like writing specs not shipping code. Crypto ships code in a way the semantic web never dreamed of.
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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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Sure, and I think that point about there being exceptions to the overhypedness would also apply to a Semantic Web hype bubble.
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Depends on the frame. The “exceptions” in crypto have the potential to envelope society and replace our financial system and even the sovereign order of nation states. The tech bubble wasn’t wrong, just early. (Then ate the world.) The crypto bubble isn’t wrong, just scammy. Imo.
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If I wanted to excite someone in 1999 about the internet eating the world, I’d tell them about YouTube, Reddit, GMaps, FaceTime, DoorDash, Fortnight, etc… they’d see the appeal. What are *specific examples* of future crypto products (not abstractions) that will improve my life?
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If you live under an authoritarian state today you can already use nascent blockchain based social networks to say things that are censorship resistant. I can list a lot of stuff, that is just one.
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1. I don’t 2. If I did, I’d just solve the communication problem through non-blockchain tech
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1. You might be soon, arguably are in some ways already. All CCP citizens are. 2. Blockchain based social networks to me seem to be the likely MVP that federated attempts so far have failed to get global reach, so no you probably won’t.
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1. You realize crypto was just banned in China? 2. What do you think will happen to these allegedly uncensorable distributed social sites when they fill up with abhorrent content?
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1. Yes under authoritarian regimes criminality is often ethical and virtuous, duh. See also: black markets under USSR. 2. Sites go down but blockchain is durable and anti fragile so in the limit converges onto dapps or clients. Maybe consider steelmanning?
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BTW re: 2 we don’t get to argue at this point, Pandora’s box is already open so we get to watch people try to close it
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