One thing about web3 is for absolute certain: a lot of very smart people — either the true believers, or the howling skeptics — are going to end up looking like utter fools. The strength of opinion on radically different sides is really remarkable.
The more I try to wrap my head around the web3 claims, the more it looks to me like no more or less than history’s greatest pump & dump scheme.
And yet, people I consider smart, well-informed non-grifters are absolute believers.
But where’s the lie here? networked.substack.com/p/web3-i-have-…
And yet, people I consider smart, well-informed non-grifters are absolute believers.
But where’s the lie here? networked.substack.com/p/web3-i-have-…
Part of the issue is that there is so much pseudo-politics underpinning both the enthusiasm and skepticism over web3. To wit:
https://twitter.com/rsynnott/status/431924540294594560
My instinct is that we are in 1999: expect a lot of petsdotcom- & webvan-style disasters, along with a few big-time winners who are building foundational technology while claiming piously that, unlike the previous round of internet supervillains, THEY won’t be evil after they win
https://twitter.com/nils_gilman/status/1467936051092090888
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