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To be clear, I was referring to my parent comment about crypto discussion in general and was not making a judgement about this particular project. But, yeah I
by unclebucknasty 2y ago
To be clear, I was referring to my parent comment about crypto discussion in general and was not making a judgement about this particular project.
But, yeah I relate to the comment in your last paragraph. There was a lot of of early talk about democratization, etc. but at the end of the day it seemed to be more about replacing the old centralized incumbents with new ones. Or, in some cases, just giving the old incumbents a new way to extend their incumbencies. There was really nothing to insulate the space from the latter. This all became really apparent during the "DeFi" craze.
I do think a lot of earnest folks got caught up in the hype and were sincerely invested in the idea of democratization. The scammers and grifters just seemed to overwhelm the idealism. The Web3 hype was probably the apotheosis, before it popped. What's interesting is how much VCs seemed to rush into that space, yet there was barely a whisper when it all came crashing down.
Kind of makes you wonder what it was really all about.