Conversation

Has there has ever been a technology more devoid of actual applications while getting as much funding as web3? Web in 99 was mostly clear utility stories. Some weren’t ready, some were. Nobody can explain how web3 shit creates actual utility. Just mumbling about new tech.

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eigenrobot

@eigenrobot

Jul 4

bitcoin is nice for evading currency controls

Daniel

@growing_daniel

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@eigenrobot

Yep drug deals still the only application I’ve seen. Bitcoin is implemented, let’s move on.

8:04 AM · Jul 4, 2022Twitter for iPhone

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and

Chinese also use it to send money out of the country illegally so they can buy up property in Vancouver.

Wie Dan

@LudditeHacker

Jul 4

And ransomware ofc Could never be a thing without crypto.

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and

hype machines have existed since the building of the pyramids. ask manual delanda in philosophy and simulation. it's controlled potlatching 💀

Shut It Down. Goodnight.

@ShutItAIIDown

Jul 4

Driven by the potential insane returns that come from catching a wave early. And the only way to do that is to catch it before you, or anyone else, knows it might be there. But Pied Piper or lemming effect is off the charts on this one.

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and

Even better for ransomware - wouldn’t be possible without it.

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and

let us not forget its illegal online gambling utility

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and

noooo you just have to be more clever to get around currency controls. Dont break the law and dont use a goddamn block chain!! THINK

colleagula

@colleagula

Jul 4

immense schizo energy here

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and

It was actually really convenient for moving money from US to Hamburg, before they kicked Binance off the SEPA network. Would still work now, just less smoothly. Granted you can also move hundreds of euro per day just through ATMs. But that's all unrelated to web3, anyway.

Stewart Alsop III - Host of Crazy Wisdom Podcast

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and

So neither of you have made large bank transfers I see Takes 3-5 days sometimes.