3 ms·

The trick here with Web3/DeFi is that there is so much indirection and abstraction. What do these people do? They are involved in DeFi projects. What do those

The trick here with Web3/DeFi is that there is so much indirection and abstraction. What do these people do? They are involved in DeFi projects. What do those projects do? They provide an infrastructure for DeFi. But what does that infrastructure do? It allows the DeFi transactions. But what are those transactions? Well it could be anything due to the open nature of smart contracts. But what does it actually do today? It moves digital tokens around. When is it going to provide real value? Many people have made a lot of money in Crypto already And how did they make their money? By owning tokens that went up in value And how is that not a pyramid scheme? Well the US Dollar is a scam. No one should be long US Dollar. TLDR; Because the US Dollar is at risk of inflation, you should buy and hold onto a variety of digital trading cards. Somehow the Metaverse will include digital scarcity and those trading cards will make your meta rich.

smugglerFlynn 5y ago
I really like the Metaverse cherry on top of this cake. Originally a strategy trick made to steer attention away from fundamental ethical problems of Facebook brand, it just adds so nicely to that whole situation. “Why? Because we will need it in Metaverse (the illusory future I have just invented).”
casi18 5y ago
here are a few web3 projects i find interesting and believe have real value beyond money: https://creators.mirror.xyz/ https://creators.mirror.xyz/ https://holly.mirror.xyz/ https://holly.mirror.xyz/ https://snapshot.org/ https://snapshot.org/ https://radicle.xyz/ https://radicle.xyz/ https://proofofhumanity.id/ https://proofofhumanity.id/ https://www.klimadao.finance/ https://www.klimadao.finance/ https://www.partybid.app/ https://www.partybid.app/ and with DeFi I have taken out loans and bought "real world" things, all with trustless/permissionless contracts. I value that and so do many others. If you dont thats ok, its opt-in. We are having fun, making things, and building community. At some point the critics have to show us what alternatives and new things they've been building, what their attempts look like, what they are offering that is so much better...
- gitfan86 5y ago
  Take code collaboration (https://radicle.xyz/ https://radicle.xyz/) Code Collaboration and team programming is a real use case that people can get value of. I've been using git for 10 years to collaborate with other developers. Google docs has supported live document collaboration for years. Microsoft has a great tool as well. https://visualstudio.microsoft.com/services/live-share/ https://visualstudio.microsoft.com/services/live-share/ If you prefer radicle.xyz over git or Google or MSFT, that is fine. But lets be clear that the technology to perform code collaboration is not dependent on Web3. Web3 is being inserted into an existing real world application.
  - casi18 5y ago
    sure, if that works for you then you dont need it. its useful for the co-ops i work with. allows easy group ownership of repos and also basically gives us a group bank account and voting system all at once. like instant community group infra. It probably isnt needed for corporations or solo devs. but for smaller evolving communities it is an improvement on a github org or a google doc. and id like to point out that we've gone from you saying "pyramid scheme" and talking about money, too "if you prefer..thats fine" in like two comments. maybe we can start toning down the moral panic on these things, and recognising there is useful stuff here, maybe not to you, but to some of us. thats why we are building it in the first place.
    - gitfan86 5y ago
      OK, Now I understand. And I can relate. I only buy products from Multi Level Marketing companies. The sales people at MLMs are more friendly in comparison to just using a website like Amazon.com. Maybe that isn't useful to you, but to me it is. Therefor, MLMs are legit businesses and no one should ever criticize them.

smugglerFlynn 5y ago

I really like the Metaverse cherry on top of this cake. Originally a strategy trick made to steer attention away from fundamental ethical problems of Facebook brand, it just adds so nicely to that whole situation. “Why? Because we will need it in Metaverse (the illusory future I have just invented).”

casi18 5y ago

here are a few web3 projects i find interesting and believe have real value beyond money: https://creators.mirror.xyz/ https://creators.mirror.xyz/ https://holly.mirror.xyz/ https://holly.mirror.xyz/ https://snapshot.org/ https://snapshot.org/ https://radicle.xyz/ https://radicle.xyz/ https://proofofhumanity.id/ https://proofofhumanity.id/ https://www.klimadao.finance/ https://www.klimadao.finance/ https://www.partybid.app/ https://www.partybid.app/ and with DeFi I have taken out loans and bought "real world" things, all with trustless/permissionless contracts. I value that and so do many others. If you dont thats ok, its opt-in. We are having fun, making things, and building community. At some point the critics have to show us what alternatives and new things they've been building, what their attempts look like, what they are offering that is so much better...

gitfan86 5y ago
Take code collaboration (https://radicle.xyz/ https://radicle.xyz/) Code Collaboration and team programming is a real use case that people can get value of. I've been using git for 10 years to collaborate with other developers. Google docs has supported live document collaboration for years. Microsoft has a great tool as well. https://visualstudio.microsoft.com/services/live-share/ https://visualstudio.microsoft.com/services/live-share/ If you prefer radicle.xyz over git or Google or MSFT, that is fine. But lets be clear that the technology to perform code collaboration is not dependent on Web3. Web3 is being inserted into an existing real world application.
- casi18 5y ago
  sure, if that works for you then you dont need it. its useful for the co-ops i work with. allows easy group ownership of repos and also basically gives us a group bank account and voting system all at once. like instant community group infra. It probably isnt needed for corporations or solo devs. but for smaller evolving communities it is an improvement on a github org or a google doc. and id like to point out that we've gone from you saying "pyramid scheme" and talking about money, too "if you prefer..thats fine" in like two comments. maybe we can start toning down the moral panic on these things, and recognising there is useful stuff here, maybe not to you, but to some of us. thats why we are building it in the first place.
  - gitfan86 5y ago
    OK, Now I understand. And I can relate. I only buy products from Multi Level Marketing companies. The sales people at MLMs are more friendly in comparison to just using a website like Amazon.com. Maybe that isn't useful to you, but to me it is. Therefor, MLMs are legit businesses and no one should ever criticize them.