Web3 Skepticism
Skeptic thoughts on crypto, web3 and decentralization.
Yishai Ofek and
Web3 Skepticism
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.
descriptiontwitter.comHollow 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... See more
nametwitter.com
The issue is web3 discourse under-sells the power of the web, oversimplifies the benefits of a new architecture, and skips over meaningful hurdles (UX, security, trust, long-term economics). I think we confuse theories with actual user value props and sustainable business models.
Aaron Levietwitter.comThe 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.
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.
Liron Shapiratwitter.com