Web3 Skepticism
Skeptic thoughts on crypto, web3 and decentralization.
Yishai Ofek and
Web3 Skepticism
Out of curiosity I dug into how NFT's actually reference the media you're "buying" and my eyebrows are now orbiting the moon
Jonty Wareing ⍼twitter.com
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.comAfter 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.com
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.
For products to work at scale they need sustainable business models and networks. Would love to see more discourse in web3 about the complex financial incentives conflicts that we’re going to see if the movement goes beyond DeFi/trading-related use cases. A few examples👇
Aaron Levietwitter.com