Remember what I said about "free markets" and "consenting adults"? Here are some choice quotes form this short article. protocol.com/bulletins/frac…
"The startup said in its announcement that it will fully compensate the victims of the hack..."
Does that sound "decentralized" to you?
"...in which an unauthorized user posted a fake minting link in Fractal's #announcements channel"
Does that sound like "transparency" to you?
These are my favorite one. From the official statement after the hack.
"With over 100,000 members in our community, it’s quite impressive that the hacker only managed to dupe .3% of our community"
"In a Twitter video, co-founder Justin Kan encouraged Fractal members to 'always be using a burner' for their crypto wallets, and to always be on the lookout for scams like this one."
Are you fucking kidding me?!
Yes it is regular old scammery. That's the point. But it is explicitly enabled by crypto.
"an unauthorized user posted a fake minting link"
The question is where is all of the supposed protection that people keep swearing is baked into the tech?
I've gone back and forth on the right nuance here. What I tell people is to work hard on your own growth. Don't find yourself working hard because you expect that you'll magically be recognized and rewarded for it. That's often not how it goes, and it's a hard lesson for people.
What gets you recognized and rewarded is way more situational and way less predictable than people want to believe. In order to know how to get ahead, you have to understand what kind of organization you're in and how it operates.
The important thing to understand is this. You want to get rewarded for the *value* you bring. You do not want that to be tied to how many hours you work or how intensely you work. That is a recipe for burnout. Or at least for feeling overworked and underappreciated.
Like a lot of people, I didn't have a "passion". I always wanted to be a writer of some kind. But it takes a lot of work to create a career from that. And I was honestly too lazy. Didn't have that kind of initiative. I was hoping for a good job that paid well.
I didn't know anything about computers until my senior year in high school. But the more I poked around with one, it struck me as something that required a lot of skills and education. And where I come from, that means more money. So it seemed like a reasonable career bet.
This is true, but also not sufficient. The thing to understand is the hype train has a purpose. It serves to attract money and resources to the cause. So that the work happens to turn web3 into whatever people need it to be.
The hype isn't about the current blockchain tech. People will flood this space and build things on and around the blockchain. Idealists who believe in all the promises of decentralization. That's what technologists do. And it'll all be taken advantage of by the scammers.
Technology idealists have always been exploited in this way. And as far as I can tell, most of them don't really mind.
It's not just them though. Our space is increasingly flooded with opportunists why don't give a shit about whether the tech is "good".
I still believe the single greatest failure we will look back on from this pandemic is we have not helped the public truly understand how many people have died.
The way people are behaving makes it very clear that they have not connected with the amount of death that is surrounding us. This is something that motivates Americans. When we tell a story about how Americans are dying, it usually galvanizes people. We didn’t do that.
I believe a big factor that we haven't acknowledged is that people die and their family do not attribute it to covid. There may be lots of good reasons for that. But I think some part of it is shame. Overall, this has been an extremely private pandemic.
I get it. But this is backwards. Most drug crimes are non-violent. And the argument has always been that drugs should not be criminalized to the extent they are. Prosecuting sedition is not about deterrence. It's about making sure people know it's considered wrong.
First of all, I do believe that prosecuting a lot of white people who are participating in this attempted coup would have an effect. White people seeking political power and trying to preserve white supremacy are not the same as people with a drug addiction.
Second. We know there is a huge element of culture and in-grouping at play among Republicans. A lot of people are responding to this because that's what their community is telling them they have to do. If they start seeing people go to jail, that might disrupt the group think.
It's easy to make fun of Facebook's name change. But I think it is going to have the intended effect. They are going from having a highly recognizable and unique name to a generic and forgettable one. It will absolutely help them shed the bad brand around the old name.
This also prepares them for the future inevitability of Facebook the product fading into obsolescence. They can see that on the horizon. As long as the company name is the same as the flagship product, the company's fortunes decline along with that product.
All I'm saying is this is a very smart strategy and I think some people are missing it. I have to revise my prediction. Facebook the product will be gone or obsolete. But Zuck is already planning to replace it with another addictive chaos machine.