8 ms·

lol you must be new here. To me this rhymes with web3 (kodak coin), web2 (google circle), and also web1 (pets.com). There will be a lot of failures, but the com

lol you must be new here. To me this rhymes with web3 (kodak coin), web2 (google circle), and also web1 (pets.com). There will be a lot of failures, but the companies that get established in the space will be eeconomic goliaths.

nemomarx 1y ago
what are the goliaths from web3? I feel like that one still hasn't really worked out, and I do occasionally use Bitcoin to buy things
- ToucanLoucan 1y ago
  I really enjoyed that comment because if you read it in reverse, each subsequent "big thing" has had fewer and fewer goliaths emerge. In terms of web3, I think you could broadly say Bitcoin (though it was large before web3 so that one's muddy) and Etherium. But even then... given what they are, I'm not sure in what sense these are meant to be Goliaths...? It's alternative payment processors that have incredibly low adoption compared to virtually every other. They're "big" in the sense that they have a lot of traction relative to other crypto, but I still have never used the shit even once and I do not feel I am missing out even slightly. I've used LLMs FAR more than any crypto, and I still see it largely as a neat way to get out of writing boring code, and a good rubber duck to bounce ideas off of when debugging. I wouldn't pay for it if I had to. The only thing I know crypto for is being the new and preferred payment method for scammers, and that you used to be able to buy drugs with it but not anymore. And godawful avatar collections, I guess. I wouldn't call that a Goliath myself but. shrug
- flerchin 1y ago
  Yeah that's fair. Many people will just never interact with cryptocurrency and all that at all. I don't. Supposedly BTC is worth $2.2T, which is somewhat of a large number, but it's all funny money from a certain point of view.
  - tehjoker 1y ago
    It's very funny to hear this because a few years ago the concept was "everyone will be using this" and that hype was supporting the price
    - flerchin 1y ago
      The concept now seems to be that it's a volatile asset class? I don't really get what supports the price anymore.
- ThrowMeAway1618 1y ago
  >what are the goliaths from web3? Are you not paying attention? Web3 is going just great![0] [0] https://www.web3isgoinggreat.com/ https://www.web3isgoinggreat.com/
ludicrousdispla 1y ago
You forgot about VR headsets.
- rchaud 1y ago
  VR has its gaming niche and thankfully doesn't insist on itself. Apple abandoned it fast and Zuckerberg eventually stopped embarrassing himself by trying to make Metaverse a crypto-powered Epstein island.

nemomarx 1y ago

what are the goliaths from web3? I feel like that one still hasn't really worked out, and I do occasionally use Bitcoin to buy things

ToucanLoucan 1y ago
I really enjoyed that comment because if you read it in reverse, each subsequent "big thing" has had fewer and fewer goliaths emerge. In terms of web3, I think you could broadly say Bitcoin (though it was large before web3 so that one's muddy) and Etherium. But even then... given what they are, I'm not sure in what sense these are meant to be Goliaths...? It's alternative payment processors that have incredibly low adoption compared to virtually every other. They're "big" in the sense that they have a lot of traction relative to other crypto, but I still have never used the shit even once and I do not feel I am missing out even slightly. I've used LLMs FAR more than any crypto, and I still see it largely as a neat way to get out of writing boring code, and a good rubber duck to bounce ideas off of when debugging. I wouldn't pay for it if I had to. The only thing I know crypto for is being the new and preferred payment method for scammers, and that you used to be able to buy drugs with it but not anymore. And godawful avatar collections, I guess. I wouldn't call that a Goliath myself but. shrug
flerchin 1y ago
Yeah that's fair. Many people will just never interact with cryptocurrency and all that at all. I don't. Supposedly BTC is worth $2.2T, which is somewhat of a large number, but it's all funny money from a certain point of view.
- tehjoker 1y ago
  It's very funny to hear this because a few years ago the concept was "everyone will be using this" and that hype was supporting the price
  - flerchin 1y ago
    The concept now seems to be that it's a volatile asset class? I don't really get what supports the price anymore.
ThrowMeAway1618 1y ago
>what are the goliaths from web3? Are you not paying attention? Web3 is going just great![0] [0] https://www.web3isgoinggreat.com/ https://www.web3isgoinggreat.com/

ludicrousdispla 1y ago

You forgot about VR headsets.

rchaud 1y ago
VR has its gaming niche and thankfully doesn't insist on itself. Apple abandoned it fast and Zuckerberg eventually stopped embarrassing himself by trying to make Metaverse a crypto-powered Epstein island.