François CholletVerified account

I want to get off this wild ride. I think we all are complicit by not having condemned some of this crypto insanity years ago.

I think our best bet now is to inform when we have the time; or scorn/condemn vocally when we do not, as a strong signal that this is a bad idea.

My anecdotal impression is that ~80-90% of tech folks are cognizant that crypto has no applications (other than gambling / pump & dump) and that the "web3 discourse" makes zero sense, but they won't voice negative opinions due to social pressure

I don't care about social pressure but I'm jaded. There is so much of it happening left and right and I feel tired of it. I'm in a constant state of disbelief of what's happening.

You and Miguel are exactly the type of open-source builders that I'd expect to be excited about transformative new tech platforms. I think it's pretty telling that we all share the same disbelief and exhaustion.

Since lots of 3rd party observers tend to think "lots of smart folks are into web3, so there must be something even if I don't get it": if you're reading this thread, take note.

I forget who said it recently but the horrible thing about the cryptocurrency bubble is that it isn't even driven by something that users want (i.e. value). At least during the dotcom bubble people *wanted* what the companies were offering, even if the economics didn't work.

The other thing about the cryptocurrency mania is that it's explicitly political in a way that previous hype bubbles weren't. The entire appeal (unless you're a criminal) is based on right-to-far-right economic views. It offers nothing to leftists or centrists like me.