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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.

500

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

Jul 4

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.

Robert Freeling

@Ssauraabi

Jul 4

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

Replying to

@Ssauraabi

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.

7:58 PM · Jul 4, 2022Twitter Web App

Replying to

Sure there is. It's being used as a digital commodity with traceable ownership that's quantity finite and decentralized by design. That's novel and people are using it for that. BBS content had fluctuations in value, too, and other variants that fell to the side eventually.

Daniel

@growing_daniel

Jul 4

None of what you described is a product, you just described a series of features that people haven't figured out how to make valuable besides cheap money fueled bubbles

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