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> Having a web3 startup is just as inane as having a mongodb startup. Those technologies don‘t make anything possible that wasn‘t possible before. This is not

> Having a web3 startup is just as inane as having a mongodb startup. Those technologies don‘t make anything possible that wasn‘t possible before. This is not true. The blockchain was/is a genuine technicalogical advance. It makes things possible that weren't before. From Wikipedia: "The implementation of the blockchain within bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server." Now it's certainly true that, just like MongoDB before it, overzealous people are trying to capitalize on the fad and insert "blockchain" into places where it doesn't make any sense. But there's a very important distinction between that and your statement.

acdha 4y ago
That's like saying that it's a technical advance if I make an engine powered by burning dollar bills. Yes, technically it's a thing which did not previously exist before but people do not have the problem of solving double-spending without trusting third-parties. People have problems like paying rent or selling things online — and it's quite conspicuous that when you ask Bitcoin users what they use it for other than speculation, you almost never hear an answer where you couldn't swap PayPal into the same sentence interchangeably. Now, at some point it could be cheaper but that's hardly the revolutionary advance promised in the marketing literature.