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This is precisely correct. I am hugely sympathetic to the theoretical benefits of web3, but it clearly does not deliver on these promises. Rather than move on t
by uncomputation 5y ago
This is precisely correct. I am hugely sympathetic to the theoretical benefits of web3, but it clearly does not deliver on these promises. Rather than move on to something else which can deliver, its proponents are insisting the emperor is fully clothed because honestly most of them don’t care a single bit about the philosophical or political dimensions of the technology but only about the profit margins they can get by deluding others to join in.
- lal 5y agoYeah. Tech (hell, humanity) already has a big enough problem with cults forming around bad or discredited ideas and defending them to the death, but the intrinsic characteristics of crypto make its adherents substantially more aggressive -- specifically the fact that crypto fans are not only emotionally and ideologically invested, but generally also quite heavily materially and financially invested, usually to the tune of thousands or tens of thousands of dollars, if not more. The consequences if they're wrong are so much worse which necessitates a completely different level of self-deception and defensiveness.