11–20 of 191 posts
For the first time my anger over crypto moves into genuine concern. Is an entire generation of young people experiencing a kind of "pokemonisation" of crypto well into early adulthood? In other words, is a generation of 20-somethings wasting the better part of that decade on this tech, in these scams? If so, this feels new (?). We're not talking about the chain-letter crazes of the 20s/30s, the housewife pyramid sche…
This blog post already puts way more thought into whatever "web3" is than web3 advocates do. Everything must be web3 because web3 is cool, it's the future, it's got electrolytes, it's what plants crave. It's a meaningless cargo cult.
Just because web3 includes many things, doesn't mean it's meaningless. Even if it makes the term harder to grasp for outsiders.
For the first time my anger over crypto moves into genuine concern. Is an entire generation of young people experiencing a kind of "pokemonisation" of crypto well into early adulthood? In other words, is a generation of 20-somethings wasting the better part of that decade on this tech, in these scams? If so, this feels new (?). We're not talking about the chain-letter crazes of the 20s/30s, the housewife pyramid sche…
> Someone needs to explain to the developing generation that this isnt the future.
> web3 is a broad wildcard term that seems to revolve around a large number of concepts including decentralisation, self-sovereignty, privacy, free speech, censorship, security, BigTech, BigGov, democracy, human rights That would cover Mastodon, right? And mastodon is not web3, in fact doesn't want to be associated with the term "web3", at all.
So no, it wouldn't fit any common definition of web3.
Having a web3 startup is just as inane as having a mongodb startup. Those technologies don‘t make anything possible that wasn‘t possible before. In any case: We are talking about this buzzwords for ~8 years now. Is there a list of useful web3 offerings by now? Any heavy hitters, killer applications? Anything besides wacky money making schemes like virtual sneakers?
Like, for example, partnerships to exchange customer loyalty points. But even that has perils, as you could set an exchange rate but somebody has to administer/manage that. And once you're back to a managed ledger, you might as well use contractual terms for trust and a database since a blockchain isn't adding much value.
> web3 is a broad wildcard term that seems to revolve around a large number of concepts including decentralisation, self-sovereignty, privacy, free speech, censorship, security, BigTech, BigGov, democracy, human rights That would cover Mastodon, right? And mastodon is not web3, in fact doesn't want to be associated with the term "web3", at all.
Mastodon is not decentralized, it's federated. So no, it wouldn't fit any common definition of web3.
Are you saying that this federation is not a form of decentralization?
I'm pretty sure that Mastodon is not centralised like Twitter is.
This is akin to the pedant/trolls who usually pop up and say "the USA is not a democracy, it's a republic!" in conversations that compare the USA's regular elections to dictatorial autocracies.
For the first time my anger over crypto moves into genuine concern. Is an entire generation of young people experiencing a kind of "pokemonisation" of crypto well into early adulthood? In other words, is a generation of 20-somethings wasting the better part of that decade on this tech, in these scams? If so, this feels new (?). We're not talking about the chain-letter crazes of the 20s/30s, the housewife pyramid sche…
When I graduated, mobile was the big thing. That's old now. So, what to do to make a name for you? What big new field is there where you don't have to compete with people that have 10 times the experience than you? Independently of what you think web3 might solve or doesn't solve, it's still just programming. Someone learning cryptography and coding will get a job in other places.
My concern is whether that's what they are learning; too early to tell, of course.
One thing I'm also thinking is that crypto functions like "wokeism" in the sense it seems a parallel right-wing version of the same kind of cultural reformation.
At the same time large retail biz profess their diversity credentials, their heads of research explain how crypto is on some timeline. At the same time a 20yo engages in activism for X, another engages in crypto for Y.
Do we need to "end the patriachy" or "put metriocracy on the blockchain" ?
My concern isnt just the skills issue, but also, everything bound up in the culture around it.
I think we're seeing Tech get to a level of cultural prestige that invites on-mass young-buyin, and mass cultish movements. No doubt finance experienced similar in the 80s.
But, I think, as finance people eventually learned to inculcate some level of cultural scepticism; tech seems it has yet to do so.
In otherwords, we're unprepared for this coming's generation having bought into a tech-culture landscape which is composed of scams.
> web3 is a broad wildcard term that seems to revolve around a large number of concepts including decentralisation, self-sovereignty, privacy, free speech, censorship, security, BigTech, BigGov, democracy, human rights That would cover Mastodon, right? And mastodon is not web3, in fact doesn't want to be associated with the term "web3", at all.
Mastodon is not decentralized, it's federated. So no, it wouldn't fit any common definition of web3.
Mastodon basically shards data via instances. If someone shuts one down, the data there is gone.
Plus, it's not permissionless. Most instances are invite only.