It is funny to me how irrationally HN hates on crypto. Yes, there are many speculative moonboys. Sure, they overhype many things, and promote get-rich-quick sc

It is funny to me how irrationally HN hates on crypto. Yes, there are many speculative moonboys. Sure, they overhype many things, and promote get-rich-quick schemes. There are many scammers and ponzis around indeed. But ask yourself: * Are dead links so great that we want to preserve them? * Are expired domains a good experience? * Do we want to give centralized authorities the power to control the web? * Is it good that you cannot verify the authenticity or integrity of web pages? (Yes, even with SSL, where you only verify that (a) you are talking to the correct server, and (b) you got what the server sent. That still leaves the possibility of a compromised server.) * Do you like great websites just disappearing? * Do you want to be forced to use the new version of a website despite it being inferior? * Would you like indefinite storage for a fixed fee? It is also decentralized, distributed, immutable, and censorship-resistant. Web3 offers solutions to all of these problems and more. That does not mean it's the greatest thing ever, that it solves all problems, or that it does not have its own disadvantages. It means however, that is does have merits, and that it should be discussed in that context. Blanket statements like "web3 is a scam/ponzi" are simply wrong/dishonest. I don't get why otherwise extremely intelligent and well-mannered people stoop this low when it comes to anything crypto.