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> Everyone building some "crypto", "blockchain", or "Web3" thing claims they're creating some kind of value, and yet in all I've seen so far, they don't actuall
by _fat_santa 4y ago
> Everyone building some "crypto", "blockchain", or "Web3" thing claims they're creating some kind of value, and yet in all I've seen so far, they don't actually solve the real world problems they claim to be solving, and if you were to remove the speculators from the game then the whole thing would collapse. I just see one pyramid-shaped casino after another.
The problem I see is "fake innovation", everyone with a new web3/crypto project talks about how their project is going to change the game but when you step back and look at the space as a whole, everyone is just doing the same thing with different variables.
Every new NFT project is just a copypasta of all the other NFT projects with different pictures, not to mention the sheer number of projects that are straight up copying Bored Apes with different animals.
And every new crypto project seems to have the exact same goal of making the investors a ton of money while also talking about how they are going to somehow save the world in the process.
Every new web3 game is some spin on the Metaverse, with NFT items and the promise that you can "play and make money".
There's no innovation in this space, every new "innovation" is just a rehashed old thing with different variables.
- t_mann 4y agoThe zero knowledge stuff is actually fairly cutting edge (it's not often that academic papers make it into production systems within a few years).
- mattgreenrocks 4y ago> There's no innovation in this space, every new "innovation" is just a rehashed old thing with different variables. TBF, much of Web 2.0 was exactly like this.
- herval 4y agoLots of innovation came out of web2, from concepts that are ubiquitous today (tags, social profiles, the concept of a feed) to technologies that are very useful (nosql dbs, oauth, lots of web frameworks that were born due to the needs of web2 apps). It’s easy forget that the web1 was almost exclusively about consuming editorialized news and some shopping!