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Web3 and crypto skepticism is growing and people are finally starting to listen

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Re: Web3 and crypto skepticism is growing and people are finally starting to listen

#151

Post by yehNonsense0 »

axg11 wrote: post #60

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).…

Preference is evidence. There is no obligation on others to validate your feelings by debating the merits.

Indifference is just fine as indifference is biologically possible.

There does not have to be a debate; agency cannot be forced.

Hacker News does not have to make you feel warm and fuzzy about every technology.

K8s and Kilo or Linux and Wireguard; boom federated

Web3 is an alternative option for machine state but it’s not the only one. It does not need to win or be debated.

Re: Web3 and crypto skepticism is growing and people are finally starting to listen

#152

Post by Duckton »

thebean11 wrote: post #50
PaulDavisThe1st wrote: post #26

Earlier quoted context omitted.

in theory, web3 has nothing to do with cryptocurrency per se, and only relies on some blockchain technology, which is itself not bound to the value of the currency it is used by. however, the fact that too many people seem to think that there is in fact a connection between web3 and crypto currency just adds to the smell.

Currency is actually a core part of it. The point of web3 is software that can natively move money around. That "money" does not need to be ETH or BTC though, can be tokens pegged to the dollar or gold or oil etc.

Is it thought? Can’t web3 be, for an example, patient health data in a ledger? Who says it has to be tied to a monetary value?

Re: Web3 and crypto skepticism is growing and people are finally starting to listen

#153

Post by lkrubner »

jack_pp wrote: post #119
simonw wrote: post #102

Earlier quoted context omitted.

"Nobody is forcing anyone to partake in this new technology" Plenty of its advocates very clearly WANT to force people to partake though. Anything to keep that number going up.

No they don't want to force anyone and there's no evidence of this. Just because there are a lot of evangelists doesn't mean anyone is forced to do anything

"no evidence of this" is too strong of a claim. The folks who argue that fiat currency is dead, or should be dead, are implying they want a world where fiat currency disappears and then cryptocurrency emerges as the replacement. In that scenario, it is correct to say that some people are trying to force crypto on the rest of the world.

Re: Web3 and crypto skepticism is growing and people are finally starting to listen

#154

Post by HeckFeck »

ttul wrote: post #29

It’s pretty cool that I can send $1M to someone without a bank intervening, not to mention that nobody can stop the transaction from happening. And then they can print that out onto a sheet a paper and put it into a vault. Crypto is really great if you’re a drug dealer or some other kind of criminal.

It’s pretty cool that I can send a text message to someone without an authority intervening, not to mention that nobody can stop the transaction from happening. And then they can print that out onto a sheet a paper or share it with all their friends.

Encryption is really great if you’re a terrorist or some kind of pervert.

Re: Web3 and crypto skepticism is growing and people are finally starting to listen

#155

Post by heydonovan »

ttul wrote: post #29

It’s pretty cool that I can send $1M to someone without a bank intervening, not to mention that nobody can stop the transaction from happening. And then they can print that out onto a sheet a paper and put it into a vault. Crypto is really great if you’re a drug dealer or some other kind of criminal.

Criminals use dollars, not crypto. You would not want to use a technology whose main selling point is a permanent, public ledger of all transactions.

Re: Web3 and crypto skepticism is growing and people are finally starting to listen

#156

Post by hervature »

nikanj wrote: post #107
steelstraw wrote: post #59

Earlier quoted context omitted.

Crypto has famously gone through several bear markets though and a bunch of 80% corrections.

Fortunately crypto has no fundamentals, so it can't really fail financially. There's absolutely no business whatsoever, so there is no worry of the business running out of funds and thus forcing crypto into chapter 11. 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.

It is definitely not immortal. If the price goes to 0, then miners have 0 incentive to keep the blockchain going. More realistically, once the price is sufficiently low and 51% attacks become viable, it has effectively died.

Re: Web3 and crypto skepticism is growing and people are finally starting to listen

#157

Post by alexyz12 »

danschumann wrote: post #73

Is it possible to have a decentralized country? Take the united states... people are basically free to sneak in, without becoming residents, without "downloading the American OS into their brains" aka citizenship. Now, what if all countries allowed this? Or, what if a "decrentralized country" offered citizenship with no actual geographic location? Does American citizenship offer people benefits overseas? For example…

how are they supposed to come to your aid through hostile territory? its so much easier to protect you when you are within the borders.

Re: Web3 and crypto skepticism is growing and people are finally starting to listen

#159

Post by thjkgfgrrioppo »

fullshark wrote: post #4

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.

A list of appeals to authority. I guess it is the centralized mindset.

Re: Web3 and crypto skepticism is growing and people are finally starting to listen

#160

Post by ipnon »

alar44 wrote: post #95
fullshark wrote: post #4

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.

That and half the value of Ethereum and Bitcoin evaporated in a matter of days. No one wants "currency" that just up and loses half it's value.

You might draw comparisons to the stock market. The Dow Jones lost 90% of its value in the Great Depression, but we didn't do away with the stock market altogether. We fixed the structural problems because there is clear utility to the trading of corporate securities.
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