Re:Notes on Web3
by dmitriid on Friday November 19, 2021 @03:47AM
(#29275126)
> DAOs, NFTs, tokens, decentralized file storage, decentralized identity via public keys and smart contracts, tokens as authentication, on-chain reputation systems, oracles, fundraising with no third parties or gatekeepers, etc are all
99% scam. The remaining 1% is either more efficient and scalable in literally any other tech, or are busy re-inventing all the centralised institutions that come from, you know, the need to operate in reality.
> Otherwise, I fear you might be too late at disrupting the establishment
By saying "too late at disrupting the establishment" you're implying that the establishment is already disrupted. It's objectively not.
99% scam. The remaining 1% is either more efficient and scalable in literally any other tech, or are busy re-inventing all the centralised institutions that come from, you know, the need to operate in reality.
> Otherwise, I fear you might be too late at disrupting the establishment
By saying "too late at disrupting the establishment" you're implying that the establishment is already disrupted. It's objectively not.