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Yes there are people with 100% good intentions working in this space. There were also people with 100% good intentions working at Theranos.

tata71 5y ago
With the obvious exception that...it's impossible to fork an entity like Theranos when they become sufficiently evil such that the community no longer believes in their direction.
- IncRnd 5y ago
  Well, Theranos was a fork of existing, well-understood blood testing methodology. It was a house of cards built out of lies and falsehoods in order to enrich the founder and associates. Exactly like crypto often is.
  - tata71 5y ago
    "www companies are just a way for VCs to make money faster. "
    - deleted 5y ago
      [deleted]
deleted 5y ago
[deleted]
hunterb123 5y ago
You're proving his point, there are also people with good/bad intentions working in "web2" and everywhere for that matter. Don't criticize the tech, criticize the individual bad actors, like you did with Theranos. One of the main talking points "web3" critics yell is "scams!", like they don't exist elsewhere. If you do want to criticize the tech, leave the moral crusade out of it and say technically what is wrong with it, so we can have a technical debate about the feature in question.
- gitfan86 5y ago
  The tech is great. I'm a huge fan of all crypto use cases that actually exist today and are actually used by people and don't involve money laundering or accidental Ponzi schemes.
- kravens_last 5y ago
  It's not an issue of simply having scams. The issue is that, by its very nature, the ratio of scams to legitimate functional work is likely 1 million to 1, and the entire ecosystem does not only revel in this, but actively encourages even more scam-like behavior. This all stems from blockchain as a concept's decision of baking in valuation to EVERYTHING. It's the purest distillation of the "greater fool theory" in human history. I'd rebuke your framing of leaving the morality of it aside. The more valid framing of a debate for new technology should be to prove that there are non scam-like applications of the technology that are superior to currently existing ones.
  - idiotsecant 5y ago
    'blockchain' doesn't have any point of view on whether something should be 'NFT'-ized or not - it's just a technology. That's like saying FTP encourages child pornography because it can be used to transfer files. As in most things, the culprit is not technology, it's people. It's entirely possible to ignore the clear rugpulls and scams and just focus on the technically interesting parts. Quite a lot of people are quietly doing just that while everyone else is busy trying to scam each other and/or be religiously opposed to what amounts to a distributed database synchronization mechanism.
    - gitfan86 5y ago
      git is a distributed crypto chain technology. No one is saying it is a scam. It isn't the tech that people are calling a scam.

tata71 5y ago

With the obvious exception that...it's impossible to fork an entity like Theranos when they become sufficiently evil such that the community no longer believes in their direction.

IncRnd 5y ago
Well, Theranos was a fork of existing, well-understood blood testing methodology. It was a house of cards built out of lies and falsehoods in order to enrich the founder and associates. Exactly like crypto often is.
- tata71 5y ago
  "www companies are just a way for VCs to make money faster. "
  - deleted 5y ago
    [deleted]

deleted 5y ago

[deleted]

hunterb123 5y ago

You're proving his point, there are also people with good/bad intentions working in "web2" and everywhere for that matter. Don't criticize the tech, criticize the individual bad actors, like you did with Theranos. One of the main talking points "web3" critics yell is "scams!", like they don't exist elsewhere. If you do want to criticize the tech, leave the moral crusade out of it and say technically what is wrong with it, so we can have a technical debate about the feature in question.

gitfan86 5y ago
The tech is great. I'm a huge fan of all crypto use cases that actually exist today and are actually used by people and don't involve money laundering or accidental Ponzi schemes.
kravens_last 5y ago
It's not an issue of simply having scams. The issue is that, by its very nature, the ratio of scams to legitimate functional work is likely 1 million to 1, and the entire ecosystem does not only revel in this, but actively encourages even more scam-like behavior. This all stems from blockchain as a concept's decision of baking in valuation to EVERYTHING. It's the purest distillation of the "greater fool theory" in human history. I'd rebuke your framing of leaving the morality of it aside. The more valid framing of a debate for new technology should be to prove that there are non scam-like applications of the technology that are superior to currently existing ones.
- idiotsecant 5y ago
  'blockchain' doesn't have any point of view on whether something should be 'NFT'-ized or not - it's just a technology. That's like saying FTP encourages child pornography because it can be used to transfer files. As in most things, the culprit is not technology, it's people. It's entirely possible to ignore the clear rugpulls and scams and just focus on the technically interesting parts. Quite a lot of people are quietly doing just that while everyone else is busy trying to scam each other and/or be religiously opposed to what amounts to a distributed database synchronization mechanism.
  - gitfan86 5y ago
    git is a distributed crypto chain technology. No one is saying it is a scam. It isn't the tech that people are calling a scam.