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The article raises some valid concerns, all of which can be addressed. What it doesn’t do though is propose any sort of solution.
by jwblackwell 5y ago
The article raises some valid concerns, all of which can be addressed.
What it doesn’t do though is propose any sort of solution.
- kome 5y agobecause you don't need solutions to a problem that shouldn't be there in the first place... the only solution is "perhaps let's not do it?"
- mackrevinack 5y agoits a bit odd that they don't mention any of the other projects that are being worked on today that don't rely on cryptocurrency, the "SAFE Network" being one of them
- aww_dang 5y agoProposing is fine. Building is better.
- muglug 5y agoI think it's implied: don't pursue cryptocurrency or the blockchain where traditional methods work just fine. The problem right now is that there's a peverse incentive for entrepreneurs to jump on the crypto/NFT bandwagon because a bunch of VCs are desperate to fund those sorts of companies. Nobody in that space is incentivised to point out that the emperor has no clothes.
- gogopuppygogo 5y agoYou cannot criticize a religion without upsetting all of the followers. Crypto has become a religion.
- joelbondurant 5y agoYes, in response to the religion of the military Science state.
- ziml77 5y agoThere's a lot of people who have their money tied up in the crypto space. If it takes off, they get rich without doing anything. If it crashes, they become poor. So they have a huge incentive to push crypto even if it's not actually good for anyone but themselves.
- cinquemb 5y agos/crypto/neg eps, never made a profit publicly listed, need a bailout every 10 years, stocks/g
- bfung 5y agoThe solution is to not perpetuate this web3 thing. What problems does web3 attempt solve anyways? The internet is mostly decentralized already. Maybe the apps and services are localized walled gardens, but you can already vote not to participate in them w/o hashing anything.
- SXX 5y agoIt does solve problems. The question is whatever current solution should be adopted as it's has it's own flaws and we can get stuck with them for decades. Censorship resistence for developed world countries. When you cant just rewrite history we might finally get rid of "illegal numbers" situations like blue-ray keys and such. And for less fortunate, failed or just athoritorian states there will finally be some option to access international banking system. It's like tor for money. Because crypto is controversial in countries with functional government, but it's might be the only way to fund opposition activity in more oppressive regimes.
- pjc50 5y ago> Censorship resistence for developed world countries. This is one of those things that either can't really work or is going to cause a massive disaster, such as when someone publishes the next OPM leak on the blockchain.
- peoplefromibiza 5y ago> And for less fortunate, failed or just athoritorian states there will finally be some option to access international banking system to do what exactly? and how is this censorship resistant if the traffic is easily recognizable and blockable?
- SXX 5y agoCan they be solved? How would you suggest to solve early adopters / whale issue? In crypto you're represented by pair of keys and by design anyone can have as many pairs of keys as they want. And to fix it you'll have to compromise on decentralisation and / or privacy. For now almost every single crypto project including majority of legit ones is some sort of pyramid scheme.
- flohofwoe 5y agoThat's because no solution is needed. "Web3" is a typical case of "solution in search of a problem".