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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

#181

Post by user-the-name »

rideontime wrote: post #173
rrjjww wrote: post #126

Earlier quoted context omitted.

It’s not just HN. It’s all over the web. There are some novel and interesting products being developed (reading about the theory behind Uniswap liquidity pools blew my mind) that people totally ignore because it’s easier to hate on the latest meme coin.

If (hypothetically) I’m anti-crypto, why should I care about defi, which, as I understand it, is all about trading crypto for crypto? e: This isn’t meant to be a rhetorical question. Ever since Mark Cuban tweeted something about some loans that defi enables I’ve been wondering why I should care.

You shouldn't. It's exactly that. It is complicated gambling, nothing else.

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

#182

Post by thebean11 »

Duckton wrote: post #152
thebean11 wrote: post #50

Earlier quoted context omitted.

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?

I think that's the killer feature personally (I work in the space). It has uses for censorship resistant communication and things like identity. Not sure if I see the use case in health data though.

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

#183

Post by ng12 »

simonw wrote: post #102
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).…

"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.

Kind of. A lot of video game studios are looking to shoehorn NFTs into their games.

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

#184

Post by rideontime »

intrasight wrote: post #105
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.

I think there is a seed of a good idea in Web3. We should know in about a year what, if anything, grows out of that seed.

Crypto’s been around for a decade. What’s so special about the upcoming year?

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

#185

Post by AlexandrB »

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).…

> Nobody is forcing anyone to partake in this new technology.

And yet we're all being impacted by the externalities such as higher energy costs in some jurisdictions, poor GPU availability, and increased greenhouse gas emissions. There's also a growing risk that when the music stops parts of crypto will be deemed "too big to fail" and the public will be stuck bailing out large crypto speculators.

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

#186

Post by giaour »

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

El Salvador tried to force its residents to participate. The country's bitcoin law stipulates that "[e]very economic agent must accept bitcoin as payment": https://mobile.twitter.com/nayibbukele/status/14024468904662...

Predictably, this element of the law was not well received and is not being enforced after large scale protests

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

#187

Post by Trufa »

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.

Most definitely! I miss the pre-crypto days where criminals didn't have any means of having assets and the banks were just stopping any kind of illicit financial activity.

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

#188

Post by oreally »

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…

You underestimate things quite a bit.

Decentralized ideologies are what's being practiced right now; and in fact, it's part of the USA's geopolitical strategy of pushing democracy onto countries, whether subtle or otherwise.

And in any case, any individual should be focused on empowering other individuals to the point they can at least vote with their own wallets and migrate to another country or group should the need arise.

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

#189

Post by A_non_e-moose »

jsharf wrote: post #106
nikanj wrote: post #89

Earlier quoted context omitted.

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.

Usually I hate skeptical mean comments like this on hackernews. Right or wrong, there's a certain level of empathy missing. And yet... In this case I find myself guiltily agreeing.

Skepticism is like an anchor, too much and you go nowhere, too little and you're adrift.

The interesting questions are how much and where do you place your skepticism?

NFTs sound enough alarms for me that I feel the need to drop anchor on that before steering to any BS with potential financial consequences.

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

#190

Post by fullshark »

simonw wrote: post #168
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.

I find it remarkable that a 2hr18m YouTube documentary that is mostly a guy talking directly to the camera has racked up 1.2m views in 2 days. https://youtu.be/YQ_xWvX1n9g (It's an extremely well presented video, but still!)

Kind of depends what counts as a view (but still, true)
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