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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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Robert Freeling

@Ssauraabi

Jul 4

I remember quite clearly web1 having this same issue. Anybody who doesn't is looking through hindsight.

Daniel

@growing_daniel

Replying to

@Ssauraabi

At least people could talk to each other. They were selling baseball cards on BBS, a new novel utility in peoples lives. Crypto has created zero novel utility, besides avoid laws that would stop money flows.

5:28 PM · Jul 4, 2022Twitter for iPhone

Replying to

That, by definition, is not zero novel utility. Everybody on a BBS wasn't just chatting or selling baseball cards, nor is everyone on crypto committing crimes. That's guilt by association.

Daniel

@growing_daniel

Jul 4

People were getting actual use cases that were not possible before by connecting to BBS. There was immediate value. Besides avoiding government regulation and profiting from a bubble, no user in crypto seems to be getting a new use case.

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golden phantom (50(1 + sqrt(5))/100)

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and

at least tulips were pretty

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