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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

#291

Post by taldo »

spamizbad wrote: post #166
aresant wrote: post #130

The part I don't understand about the crypto fear-uncertainty-doubt crowd is how binary they think the outcomes are going to be NFTs - yes you can right click and save as. No they haven't figured out at scale how to attach the image / work to the ledger. Yes hype and pyramiding is a fucking disaster and people would go to prison trying those antics in any other industry. But digital art, music, & culture has a real d…

> NFTs - yes you can right click and save as. No they haven't figured out at scale how to attach the image / work to the ledger. Yes hype and pyramiding is a fucking disaster and people would go to prison trying those antics in any other industry. But digital art, music, & culture has a real deficit in ownership, provenance, etc. There are several NFT "thought leaders" who have casually floated the idea of eliminatin…

I can imagine that someone is going to come up with a way to encrypt the stuff, such that only the holder of the private key "owning" the NFT can decrypt it, or something along those lines.

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

#292

Post by AlexandrB »

simonw wrote: post #204
fullshark wrote: post #190

Earlier quoted context omitted.

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

Yeah I'd love to know how many people watched the whole thing!

Personally, I watched all of it twice. Not only was I an existing fan of the creator but this video does a very good, holistic job of criticizing crypto from multiple angles: technology, economics, and ideology. There's a lot to digest.

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

#293

Post by shafyy »

exdsq wrote: post #97
shafyy wrote: post #57

Earlier quoted context omitted.

What do you use it for?

I get paid across various countries (UK, EU, US) and it's sure easier to get paid with a stable coin than fiat. Ever dealt with a US business when you only have a UK account and they're asking for your routing number? Had a one-day $1000 contract last year to write a quick training document and it took an extra day of communicating with their accounting team to find a solution. And then it takes days to transfer acro…

I routinely get paid from various countries (including US and EU), and Wise works great for that. The fees are rather low.

I think my clients would show me the door if I asked them if they can pay me in some crypto...

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

#294

Post by kyruzic »

moron4hire wrote: post #177
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 not pretty cool that I can send whatever malicious content I want to a wallet and the receiver has no recourse against receiving it. Want to harass someone with dick-picks that empty their wallet when they try to "delete" them? Web3 has got you all day long.

This is not true at all.

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

#295

Post by AlexandrB »

nightski wrote: post #235
alar44 wrote: post #95

Earlier quoted context omitted.

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.

Microsoft has declined 20% since the new year. Should we abandon that company entirely as well? Or what about the VTI (total u.s. stock market index) which has also declined 15%? The truth is crypto currencies such as BTC and ETH are maturing with institutional investment. Their value relative to USD tends to correlate more with the markets and especially tech now.

> Microsoft has declined 20% since the new year. Should we abandon that company entirely as well?

No one is claiming that MSFT stock should be used as a currency for transactions. If the US dollar lost 20% of its spending power in a few months, many people would be baying for blood. It's bad enough when gas prices rise 20% in a short time.

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

#296

Post by oliwarner »

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).…

It continues to appear to be a fad designed to make a select few extraordinarily rich for being first in, to further facilitate criminals, all while layering approximately zero for standard users, all chuffing away atop a technology that has literally recommissioned coal power stations. This, off the back of the collective insanity that is NFTs.

This is a low point for humanity, for tech. Thanks for your concern but we're going to keep going on about it.

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

#297

Post by ironyholder »

pirate787 wrote: post #162
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.

Actually the people of El Salvador are being forced to partake as their country is buying BTC reserves. https://www.bloomberg.com/news/articles/2022-01-21/el-salvad...

BTC is not web3. It has no role to play beyond being a slightly upscale dog coin for day traders to lose money on. in fact, it can't play a role as it is technically not possible and its core constituency refuses to make any changes.

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

#298

Post by antonber »

I am confident that people's concerns about crypto's impact on the environment is simply jealousy masked by virtue. What they are saying when they say "ban crypto" is actually - let's bankrupt these bastards who made all this money off crypto. Jealousy is a powerful force.

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

#299

Post by xtracto »

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).…

I really hated Web2 when it started, and when the term started to get coined. I hated these "javascript heavy" pages that prevented accessibility. I hated the huge increase in load times and the concentration of everything in HTTP. I was happy using FTP/SFTP, NNTP, SMTP, IRC, among other protocols.

And yet we are here, 20 years later.

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

#300

Post by thebean11 »

AlexandrB wrote: post #283
thebean11 wrote: post #182

Earlier quoted context omitted.

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.

AFAIK all transactions on a blockchain require spending some associated currency (e.g. "gas fees"). For investors , I think the killer feature is being able to make money off of every transaction involving identity and health data.

Yes, the gas fees would be very expensive in the current state (think hundreds to thousands of dollars for a regular appointment, tens of thousands for an x-ray). There would have to be some benefit for healthcare providers to pay that and I don't see what that is..
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