9 ms·

I'm sorry but you do not get to arbitrate what engineers enjoy and choose to work on, whether that is web3 or something completely different. This authoritaria

• exit 4y ago
  and this gets at what's really threatening about web3: it's an inherently libertarian technology and authoritarians on both the left and right of the cultural/political spectrum are terrified by that.
  • vkou 4y ago
    It's libertarian in the sense that the final stage of libertarianism is that the well-connected insiders get to abuse everyone else, with zero recourse against them. In this sense, Web3 is a tremendous success of libertarian thought. No rules, no laws, and an absolute honeypot for hustlers, thieves, and fraudsters. Anonymous founders running off with the money, repeat fraudsters pulling off bigger and bigger heists, and money being poured into the dumbest schemes which, inevitably, end poorly. I can't think of a better condemnation of libertarianism.
• vkou 4y ago
  We shouldn't value net-negative tinkering, which is what pyramids and pump-and dumps are, so I would say that these engineers are mostly making the world a worse place. However, I don't think most of the work that goes into internet companies at the moment necessarily makes the world a better place, either.