Web 3.0 – The Great Con
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Web 3.0 – The Great Con
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Re: Web 3.0 – The Great Con
#2> Blockchain is the greatest technological fraud of the last decade. A fraud so simple, so ridiculous and yet so brilliant, it's taken in even some genuine experts in its thrall of empty hype and false promises. On top of this fraud sits the even greater fraud of Bitcoin and cryptocurrencies, which are nothing more than unregulated, unlicensed, wild west securities. They are functionally useless as currencies outside the realms of criminal activity and a Ponzi scheme in effect if not name for everyone else.
Literally every single statement in this opening paragraph is demonstrably objectively false, regardless of where you stand on cryptocurrencies.
It’s not worth abandoning objective reality to signal to your tribe.
Re: Web 3.0 – The Great Con
#3"Great" is hyperbole. The con was always obvious. A "great" con would be something that suckered people who aren't greedy or shortsighted.
Re: Web 3.0 – The Great Con
#4> Blockchain is the greatest technological fraud of the last decade. A fraud so simple, so ridiculous and yet so brilliant, it's taken in even some genuine experts in its thrall of empty hype and false promises. On top of this fraud sits the even greater fraud of Bitcoin and cryptocurrencies, which are nothing more than unregulated, unlicensed, wild west securities. They are functionally useless as currencies outside…
I would go so far as to say it’s misinformation, surely there’s no payment processors that would fine them for that.
Re: Web 3.0 – The Great Con
#5> Blockchain is the greatest technological fraud of the last decade. A fraud so simple, so ridiculous and yet so brilliant, it's taken in even some genuine experts in its thrall of empty hype and false promises. On top of this fraud sits the even greater fraud of Bitcoin and cryptocurrencies, which are nothing more than unregulated, unlicensed, wild west securities. They are functionally useless as currencies outside…
You forgot the second paragraph
> That's one paragraph and already I can feel the simmering controversy, the reddening faces, the indignation and the angry accusations that I don't know what I'm talking about.
What can I do with Web3 that I can't do or have trouble doing any other way?
Re: Web 3.0 – The Great Con
#6> Blockchain is the greatest technological fraud of the last decade. A fraud so simple, so ridiculous and yet so brilliant, it's taken in even some genuine experts in its thrall of empty hype and false promises. On top of this fraud sits the even greater fraud of Bitcoin and cryptocurrencies, which are nothing more than unregulated, unlicensed, wild west securities. They are functionally useless as currencies outside…
Please enlighten us because from where I stand it definitely looks mostly true.
Re: Web 3.0 – The Great Con
#7Whomever wrote this is quite late to the anti-crypto "helpful PSA" grift.
Re: Web 3.0 – The Great Con
#8"Great" is hyperbole. The con was always obvious. A "great" con would be something that suckered people who aren't greedy or shortsighted.
> A "great" con would be something that suckered people who aren't greedy or shortsighted.
Everyone's greedy or shortsighted if you hit the right cognitive levers, which is why cons work on everyone, especially on people who think cons don't work on them.
Re: Web 3.0 – The Great Con
#9"Great" is hyperbole. The con was always obvious. A "great" con would be something that suckered people who aren't greedy or shortsighted.
Like a 401k?
Re: Web 3.0 – The Great Con
#10XMPP, bittorrent, now blockchain. All 3 have the same thing in common that they had high hopes of creating a distributed alternative future for their paradigm. The first 2 fizzled into mostly fringe usage. I guess we'll have to wait and see if blockchain follows the same path, but seems to be going that way