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Web3 is a Pyramid scheme for people who get hyped from just hearing the word 'blockchain' but who don't have any technical understanding of how one computer act
by CloudDeltaNine 5y ago
Web3 is a Pyramid scheme for people who get hyped from just hearing the word 'blockchain' but who don't have any technical understanding of how one computer actually communicates to another computer.
Web3 scammers insert meaningless hand-wavy-techno-babble homophone phrases like 'Layer 1', 'off-chain', and 'decentralized' to hook FOMO VC into buying into vaporware.
Web3 is literally not a real thing. If you want real talk about empowering the users to own the network infrastructure then you better be talking about publicly owned ISPs and data centers; not about bullshit 'smart contract' VMs deployed into the proprietary Cloud environment of one Global monopoly or Another.
- srhngpr 5y agoCouldn't have said this any better. >to hook FOMO VC into buying into vaporware. I would just add that it is not just VCs but also everyday people expecting to get "rich" overnight that buy into the FOMO.
- Apofis 5y agoHonestly, until any of this 'Web3' malarky has even a chance in hell of being superior to AWS or Azure I think most of it is worthless. None of it has a trajectory of becoming superior so far and most of it is incredibly slow, expensive, and wasteful (as far as electricity goes).
- aaaaaaaaata 5y agoFilecoin and similar are doing great...
- Apofis 5y agoHow's filecoin better than Dropbox or Google Drive?