Rather a lot of people in tech wonder if crypto, or large parts of it, is an emperor with no clothes and don’t want to say so publicly. That’s not to say that it is, but there is a real reluctance to be publicly skeptical regardless of private sentiment.
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Replying to @benedictevans
"Crypto as a new kind of casino" has been working out exceptionally well. "Crypto as the future of payments and finance", on the other hand...
2 replies 9 retweets 152 likes -
Replying to @fchollet @benedictevans
I tilt towards crypto skepticism, but the first round of dotcom fit that mold as well. Webvan, Kozmo, etc were just as vaporous. And 'million dollar webpage' gags feel a lot like NFTs.
6 replies 0 retweets 36 likes -
Replying to @dbreunig @benedictevans
Applying first-principle analysis to the early web and to crypto today yields two very different conclusions... just look at the fundamentals, not the surface BS.
2 replies 0 retweets 9 likes -
Fully agree that the presence of a lot of BS does not invalidate a domain, but in reverse, just because it has *some* of the characteristics of the early web does not mean it has the *important* characteristics. The early web was *extremely useful*, in a world-changing way.
3 replies 1 retweet 17 likes -
François Chollet Retweeted François Chollet
Basically, judge new technology by what it enables you to *do*, and how that changes the game, not by who uses it or what for. That's how I judge crypto. That's how I know it's BS. It's *not* the torrent of scams.https://twitter.com/fchollet/status/1429211618559205379 …
François Chollet added,
François CholletVerified account @fcholletTo evaluate a tech announcement, ask yourself: 1. What can you do with this thing? 2. Are these capabilities new? 3. How do the new capabilities change the game? Do not ask: 1. Does it seem cool? 2. Does the tech seem complex / advanced? 3. Who's making it?Show this thread4 replies 1 retweet 18 likes
François Chollet Retweeted François Chollet
Looking through my history it seems I've been repeating the same thing many times (and it wasn't even about crypto)https://twitter.com/fchollet/status/965391195059888129 …
François Chollet added,
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François Chollet Retweeted François Chollet
So many times, in different contextshttps://twitter.com/fchollet/status/1052976113331269632 …
François Chollet added,
François CholletVerified account @fcholletStating that a new technology is "in the dial up days" is meant to imply that it has the same potential as the Internet. But dial up was immensely useful from the start; the analogy only holds if the nascent tech in question produces a comparable amount of value right now...Show this thread0 replies 0 retweets 4 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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