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How does one bet against the Metaverse? People hating on Web3 appear to do so because they aren't makers. They persuade and complain, but they don't build or r

How does one bet against the Metaverse? People hating on Web3 appear to do so because they aren't makers. They persuade and complain, but they don't build or risk. The Metaverse is just another centrally planned architected model that must be imposed from above. From what I can tell, that's just fancy communism meets Bentham and Taylor, all for your own good surely. The current platform owners are just not cool enough to pull it off. Nobody wants to be them. Facebook mainly worked because it had the Eros of a demographic bump from rich, elite college students. ( https://en.wikipedia.org/wiki/Eros_(concept) https://en.wikipedia.org/wiki/Eros_(concept) ) When it started, it had the one thing everybody wanted. Now it does not, and economically, it is an inferior good. Instagram will also age out like a boy band. The schools do not have it anymore either. The absolute best the planned Metaverse will achieve is to contain some captive populations, and be a kind of global prisoner entertainment system like television has become. When people say they are doing things "for humanity," it's usually because there are no specific people who actually want what they are proposing. Admittedly it is a familiar conceit, but now I know it when I see it, and I would like to get short.

nix0n 5y ago
> How does one bet against "the Metaverse"? Competitors to VR experiences include, real world experiences, and psychedelics.
- BeFlatXIII 5y ago
  Nature grows mushrooms free for the picking. That's $1000 less than a silly VR helmet.
  - eclipxe 5y ago
    The Oculus Quest is $299, not $1000.
wespiser_2018 5y ago
> People hating on Web3 appear to do so because they aren't makers. That statement is false.
ericd 5y ago
I like making stuff. I haven’t yet been able to figure out what web3 is actually useful for right now outside of making money off of speculation. I’m trying to. But BTC seems extraordinarily inefficient (~$200 “spent” securing the chain per transaction, and what happens once mining dries up?). ETH seems extraordinarily inefficient (run the same code everywhere, burn a shitload of money/gas doing it). I don’t know enough about the others, so maybe the usefulness is elsewhere. I do like the fact that all these chains seem like effectively open apis for everything, though. It gives me hope for a more interoperable future. I just wish there was some obvious fundamental underpinning to the value.

nix0n 5y ago

> How does one bet against "the Metaverse"? Competitors to VR experiences include, real world experiences, and psychedelics.

BeFlatXIII 5y ago
Nature grows mushrooms free for the picking. That's $1000 less than a silly VR helmet.
- eclipxe 5y ago
  The Oculus Quest is $299, not $1000.

wespiser_2018 5y ago

> People hating on Web3 appear to do so because they aren't makers. That statement is false.

ericd 5y ago

I like making stuff. I haven’t yet been able to figure out what web3 is actually useful for right now outside of making money off of speculation. I’m trying to. But BTC seems extraordinarily inefficient (~$200 “spent” securing the chain per transaction, and what happens once mining dries up?). ETH seems extraordinarily inefficient (run the same code everywhere, burn a shitload of money/gas doing it). I don’t know enough about the others, so maybe the usefulness is elsewhere. I do like the fact that all these chains seem like effectively open apis for everything, though. It gives me hope for a more interoperable future. I just wish there was some obvious fundamental underpinning to the value.