4 ms·

Kelsey Hightower said it best: https://twitter.com/kelseyhightower/status/1477871890723078146 https://twitter.com/kelseyhightower/status/14778718907230781... "

Kelsey Hightower said it best: https://twitter.com/kelseyhightower/status/1477871890723078146 https://twitter.com/kelseyhightower/status/14778718907230781... "If something is too early to criticize it's also too early to evangelize."

bb88 5y ago
Not if you have a heavy investment and depend upon other investors (or greater fools) to buy your shares.
quickthrower2 5y ago
But it’s not too early to be a cult
mritchie712 5y ago
Any sane web3 proponent would agree with this statement. Only the scammers wouldn't. Sane people interested in web3 don't evangelize and are totally aware of and agree with most of the criticisms. If you criticized Ethereum as being expensive and inefficient, you'd get head nods from people that understand the space and pointed to projects that are trying to fix those issues.
- lolinder 5y ago
  The problem is that when a space becomes dominated by the insane people, it's the insane people who drive its future. Any hope for a sane web3 depended on the hype starting after there was an actual use case. As it stands, web3's Eternal September began before the foundations were even laid, and it's going to be very difficult to retrofit them.
  - mw888 5y ago
    That’s absolute nonsense. Scammers and grifters making vaporware projects have no significant influence on the projects who spend their budget on development rather than marketing. What you just said is “all these novice basketball players training the wrong techniques is a dire problem for those training effectively.” No it’s not, if anything investments in actual projects during relative, senseless mania is cheaper and easier than it ever was.
    - lolinder 5y ago
      The analogy to basketball falls short because the narrative surrounding basketball is driven by the pro teams. It doesn't matter that there are millions more amateurs than there are pros because all the money and power lies with the pros. The pros dominate the space even while being a minority. In web3, the amateurs are the majority and control the narrative. The space is dominated by people who make promises they can't deliver on and found companies that disappear in a year. When those are the people who control the narrative, it's impossible for the sane folks to prevent them from sullying the field's reputation until no one else will touch it.

bb88 5y ago

Not if you have a heavy investment and depend upon other investors (or greater fools) to buy your shares.

quickthrower2 5y ago

But it’s not too early to be a cult

mritchie712 5y ago

Any sane web3 proponent would agree with this statement. Only the scammers wouldn't. Sane people interested in web3 don't evangelize and are totally aware of and agree with most of the criticisms. If you criticized Ethereum as being expensive and inefficient, you'd get head nods from people that understand the space and pointed to projects that are trying to fix those issues.

lolinder 5y ago
The problem is that when a space becomes dominated by the insane people, it's the insane people who drive its future. Any hope for a sane web3 depended on the hype starting after there was an actual use case. As it stands, web3's Eternal September began before the foundations were even laid, and it's going to be very difficult to retrofit them.
- mw888 5y ago
  That’s absolute nonsense. Scammers and grifters making vaporware projects have no significant influence on the projects who spend their budget on development rather than marketing. What you just said is “all these novice basketball players training the wrong techniques is a dire problem for those training effectively.” No it’s not, if anything investments in actual projects during relative, senseless mania is cheaper and easier than it ever was.
  - lolinder 5y ago
    The analogy to basketball falls short because the narrative surrounding basketball is driven by the pro teams. It doesn't matter that there are millions more amateurs than there are pros because all the money and power lies with the pros. The pros dominate the space even while being a minority. In web3, the amateurs are the majority and control the narrative. The space is dominated by people who make promises they can't deliver on and found companies that disappear in a year. When those are the people who control the narrative, it's impossible for the sane folks to prevent them from sullying the field's reputation until no one else will touch it.