101–110 of 433 posts
Earlier quoted context omitted.
Sentiment in online chatter correlates with price movement. It becomes a feedback loop. Maybe the criticism is finally overwhelming people's risk functions.
Or the reverse... price drops make people more open to "crypto is bullshit" arguments.
The relentless number of anti-crypto and anti-web3 articles on HN is tiring. Nobody is forcing anyone to partake in this new technology. Skepticism is healthy, but criticism without being constructive is not. There are clearly _some_ novel ideas in the crypto space, even if you think the state of the community today is not healthy. Thousands of teams are exploring ideas on many different fronts (e.g. L1s, L2s, NFTs).…
Plenty of its advocates very clearly WANT to force people to partake though. Anything to keep that number going up.
Earlier quoted context omitted.
The thing that bugs me is that 25 years in the tech industry and I never heard a single person, engineer or business person, ever use the term "web 3." Then one day a few months ago it seemed like a ton of news outlets dropped articles on the exact same day which started using the term. It smells like a made up buzz word that did not originate organically. Someone coined this termed and released a bunch of press rele…
What's even more hilarious is that "Web 3.0" has already been used for another (failed) evolution of the Internet -- the much-hyped switch to the "Semantic Web" of the 2010s.
The evidence to support the claim is pretty weak, basically there's some more anti-crypto blogposts and documentaries out. I could easily make an article with the reverse claim and point out the pro-crypto blogposts and documentaries.
The relentless number of anti-crypto and anti-web3 articles on HN is tiring. Nobody is forcing anyone to partake in this new technology. Skepticism is healthy, but criticism without being constructive is not. There are clearly _some_ novel ideas in the crypto space, even if you think the state of the community today is not healthy. Thousands of teams are exploring ideas on many different fronts (e.g. L1s, L2s, NFTs).…
I don't support robocall spammers, even if their tech stacks might contain interesting nuggets. At best your typical crypto project is just a planet-destroying unregulated casino, at worst it's criminal fraud. I don't care that it might contain cool tech. The same goes for e.g. ransomware. It might be innovative. It's still a huge blight on humanity.
And yet... In this case I find myself guiltily agreeing.
Crypto has only existed during the greatest and longest bull market of all time. Jury is still out on whether it can survive a prolonged bear market. Web3 consequently is also bound by this. If people are still interested in Web3 when crypto goes down 10% YoY forever then maybe there’s some inherent value there.
Crypto has famously gone through several bear markets though and a bunch of 80% corrections.
The stock price can drop to 0, and it would be ok. There's no stores to close due to unpaid rents, no workers to furlough, etc. In a weird way it's immortal.
Crypto has only existed during the greatest and longest bull market of all time. Jury is still out on whether it can survive a prolonged bear market. Web3 consequently is also bound by this. If people are still interested in Web3 when crypto goes down 10% YoY forever then maybe there’s some inherent value there.
Crypto has famously gone through several bear markets though and a bunch of 80% corrections.
The relentless number of anti-crypto and anti-web3 articles on HN is tiring. Nobody is forcing anyone to partake in this new technology. Skepticism is healthy, but criticism without being constructive is not. There are clearly _some_ novel ideas in the crypto space, even if you think the state of the community today is not healthy. Thousands of teams are exploring ideas on many different fronts (e.g. L1s, L2s, NFTs).…
The very explicit goal of NFT folks, for example, is to commodify everything. I can't just not use the technology, because if they get their way it will greatly affect me. So I'm forced to stake out a position.