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> All the years and all the money spent on the mining/blockchain/smart contract/ICO/DAO/NFT/DeFi/Web3 series of bullshit "innovations" could have gone to real t
by RestlessMind 3y ago
> All the years and all the money spent on the mining/blockchain/smart contract/ICO/DAO/NFT/DeFi/Web3 series of bullshit "innovations" could have gone to real technology and real companies.
Really? I imagine all the effort simply redirected towards social media (bad), adtech (bad), fintech (mostly based on ZIRP, like BNPL), self-driving cars (pie in the sky) and gig economy. The only truly useful thing SV worked on in the past decade was Cloud.
- wpietri 3y agoYeah, fair point. We could also include all the "blitzscaling" nonsense, which, given its ability to soak up far more capital, is much more attractive to VCs, allowing a pump-and-dump on a titanic scale. But I saw so many entrepreneurs getting pulled into blockchain-ish spaces thinking they could do some good. Even given that most of the money would have gone to something else terrible, there were a lot of people who might have focused on actually useful things.