Web3 Skepticism

The New Internet failed to provide a clear enough plot, a straightforward enough of a product, nor legible enough of a movement to fend off the effects of value drift. Young people especially want to work on material things that pay well and the New Internet never really had a clear career path attached to it.

After 18 days of diving deep into crypto, I didn't come out of it a decentralization maxi. There's space for both types of software, community, and utility. In many ways decentralized software really needs centralization: spam, fraud, content rights, powerful programs, etc.

Hollow Abstraction: An abstraction that sounds coherent, but lacks a specific referent Most people are easy targets for HAs, because they draw conclusions from abstractions without checking if they're hollow. Hollow Abstraction is the mental model that best explains web3, IMO.

Out of curiosity I dug into how NFT's actually reference the media you're "buying" and my eyebrows are now orbiting the moon

More generally, I posit the two keys to understanding Web3 are: 1) Beware of easy money schemes 2) Beware of #HollowAbstractions When proponents like @cdixon promise riches to come via abstract "mental models", we can gently guide them to focus on money flows and use cases.