4 ms·

This web3 craze should be an incredibly interesting topic for interdisciplinary research. Historians, economists, computer scientists, psychologists and so on h

by dgb23 5y ago

This web3 craze should be an incredibly interesting topic for interdisciplinary research. Historians, economists, computer scientists, psychologists and so on have been handed a wild field study here.

Joker_vD 5y ago
It's a speculative bubble, we've been having and studying those since the Tulip Mania of 1634—1637. The only novel thing about it is what thing exactly is being hyped.
- bsenftner 5y ago
  The other novel issue is the craze participants are here now, alive, and we can learn directly about and from them.
- dgb23 5y ago
  It has some unique aspects, they try to introduce ad-hoc version of a monetary system, regulation and so on on top of it. These systems and regulatory institutions (which are private) emerge almost spontaneously, plus there is a huge marketing hype surrounding it, even ethical and political rationalizations. Another aspect is how quickly it becomes centralized and privately controlled. And then there is a whole story about social media hype and anxiety. It also had recent heavy real world effects: The protestors in Kazakhstan have shut down a large bitcoin facility. It's an interesting experiment to say the least. Sure there are parallels to previous instances in history, which is why many of us have been very critical of it, but it seems to be a unique blend.
- yawnxyz 5y ago
  We're using NFTs as a way to represent IP, to bring more academic research to the forefront. It's not about shilling it on OpenSea all the time — we're collaborating with https://www.molecule.to/ https://www.molecule.to/ and https://www.vitadao.com/ https://www.vitadao.com/ to speed up the cumbersome tech transfer landscape
- mhkool 5y ago
  Even billionaires and hedge funds participate in this bubble. We have seen in the past that people start to invest in risky assets before a depression. I think a depression is coming.

by dgb23 5y ago

Joker_vD 5y ago

It's a speculative bubble, we've been having and studying those since the Tulip Mania of 1634—1637. The only novel thing about it is what thing exactly is being hyped.

bsenftner 5y ago
The other novel issue is the craze participants are here now, alive, and we can learn directly about and from them.
dgb23 5y ago
It has some unique aspects, they try to introduce ad-hoc version of a monetary system, regulation and so on on top of it. These systems and regulatory institutions (which are private) emerge almost spontaneously, plus there is a huge marketing hype surrounding it, even ethical and political rationalizations. Another aspect is how quickly it becomes centralized and privately controlled. And then there is a whole story about social media hype and anxiety. It also had recent heavy real world effects: The protestors in Kazakhstan have shut down a large bitcoin facility. It's an interesting experiment to say the least. Sure there are parallels to previous instances in history, which is why many of us have been very critical of it, but it seems to be a unique blend.
yawnxyz 5y ago
We're using NFTs as a way to represent IP, to bring more academic research to the forefront. It's not about shilling it on OpenSea all the time — we're collaborating with https://www.molecule.to/ https://www.molecule.to/ and https://www.vitadao.com/ https://www.vitadao.com/ to speed up the cumbersome tech transfer landscape
mhkool 5y ago
Even billionaires and hedge funds participate in this bubble. We have seen in the past that people start to invest in risky assets before a depression. I think a depression is coming.