71–80 of 433 posts
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.
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.
That's a very disgusting generalization of the average crypto user. So since I've been using cryptocurrency for 11 years now, I am definitely a criminal or drug dealer...
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 hostage situations? What if there was a better, decentralized country, that would come to your aid?
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.
https://i.imgur.com/BVoYAo6.png was this a prolonged bear market?
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…
Maybe it's just me but the only time I see "web 3" is when people/articles on HN are complaining about it.
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.
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.
How do you reconcile the fact that most of Web3 is built on Ethereum which only works because miners ("soon to be" stakers) are rewarded for running the blockchain?
Earlier quoted context omitted.
What do you think those are, and how much does the average person care? The original web was more decentralized than what web3 proponents are selling, but over time users consistently chose a few major services. Why will they switch back and what will avoid that repeating again?
I guess they care how much they currently care. I don't see why that's relevant when talking about the benefits of decentralization. "People are too stupid/naive so let's not make anything better for anyone" is essentially what I'm hearing.
This is why we launched leatherboundledger.com if NFTs have value on their own their should be appetite too store their ownership the old fashioned way.
Fascinating. How much interest have you had?
Blockchain NFTs do about $800k/day in sales, mostly on the Ethereum book, which is worth about $23B.
How many NFTs are being add to your book per day? How much is the total value of that book worth?
If your book and the value of the ownership that it annotates is larger than Ethereum, then you've really got something special going on, and all these crypto bros should probably give up and join your project.
Now you might be thinking "that's not fair, this is a growth project! we just started!". Ok, maybe you've not displaced Ethereum yet, but you will soon.
Are you experiencing hypergrowth? Are investors clammoring for a share of your book? If so, I'd like to learn more about what they find interesting and how I might invest. If not, it sounds like your project might not be a good investment opportunity.
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…
What is a religion, if not an extension of citizenship overlayed onto existing governments? It's basically additional rules you follow, with some benefits of membership.