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.

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.

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

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... See more