One thing I’ve learned from past cycles is that it’s a mistake to dismiss the criticism outright OR take it at face value. There’s always an element of truth to it, but it’s never the whole truth. So participating in the early history of a technology involves a reputational tax.
One mistake techies made ~2009-13 when political potential of social media was becoming clear (Iran election, Arab spring), was focus polyannishly on the positive and dismiss criticism as “haters.” It can be true that both the scammy and positive potential are real.
Same things happened with Web1 (“eyeballs business models are a scam!”) and PCs (“software piracy!”). New technologies always refactor moralities based on old technologies. I personally find that if there’s technical novelty, eventually the net unambiguous value also follows.
One reason it’s generally young people who dive in, besides having less intellectual baggage and more intact brain cells, is that they usually have no reputation to lose, only a shot at making one. If it’s a public media technology, the reputational risk is even higher.
Here for eg… yes I’m making a bit of money, but notice I’m putting 14 years of accumulated Web2 reputation at risk, with poll suggesting I could lose ~23% of it right now AND an indeterminate fraction of the undecideds, in 3 of 4 scenarios here. Not trivial.
Aside, far more interesting than the hostility from genpop is the hostility from Bitcoin maxis (Bitcoin maximalists — people who believe Bitcoin is the One True Coin), since Web3 is based entirely on post-Bitcoin tech. For the record I think they’re wrong.
You have ~2 more hours to vote in the WRITE race. And the Foundation auction ends in 50 minutes...unless someone bids in last 15 minutes in which case it gets extended another 15 minutes (who came up with this sniper-action design pattern? is it common?) https://foundation.app/@vgr/~/106332
@withFND does not use the Coldie Method. The auction function i invented extends the bidding 24 hours for each new bid. I did this so people across the world would have equal opportunity to bid no matter what time zone they are in