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I'm certainly open for suprises. There may be subjective value, but there is also fraud and exploitation. Calling it out is not wrong. I would be very interest

I'm certainly open for suprises. There may be subjective value, but there is also fraud and exploitation. Calling it out is not wrong. I would be very interested in a16z honestly writing about the actual problems in this industry, how are they combatting them, but hype is the only language they know. They pretend that NFTs or games with token economies are utopias, because an utopia is easy to sell. They are very far from an utopia, in fact a lot of nasty things are going on with them.

aww_dang 5y ago
This is fair. I'm not sure about the utopia part. People talk their own book. Making exaggerated claims isn't unique to crypto. Social media as mentioned above is another good example. I don't personally see the value in something like FB, but I don't generalize or condemn social media broadly. If others want to realize value there, fine. There are also groups calling out the perceived "evils" of FB, Instagram and others. They'll go as far as blaming teen suicide on social media. One person's utopia is another's hell. Imagine looking at FB's market valuation and claiming, "There's no real value as I define it, therefore FB is worthless!". Would love to see what this person builds and how the market reacts to their personal values. Innovation, actions, speak so much louder than some of HN's condemnations.