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Re:Why Web3? by gameswithgo on Wednesday December 29, 2021 @08:23PM (#29732402)
you can make a decent living in all kinds of nonsense if you can either find a way to predict collective mood swings or just get lucky. with millions of people scheming at blockchain stuff there will be thousands getting lucky over and over thinking they are smart
Re:Why Web3? by bl4ckcontact on Wednesday December 29, 2021 @09:00PM (#29732643)
But at what point do we qualify something/someone as “smart”? I’d argue that someone that’s getting lucky over and over again are clearly on to something. As the saying goes: “You create your own luck”.
Re:Why Web3? by pooper on Thursday December 30, 2021 @01:00AM (#29734104)
> But at what point do we qualify something/someone as “smart”?

That's a good point. We can only give our guess based on what we know. For example, people regarded Alan Greenspan as "smart" before 2008. I now think he is an idiot at best and a horrible, malicious person at worst (the truth is probably somewhere in between). Maybe things will change in a few decades and people will then recognize him as "smart" again? It is pretty silly trying to predict the future.

> I’d argue that someone that’s getting lucky over and over again are clearly on to something. As the saying goes: “You create your own luck”.

I present Sir Isaac Newton as a counterexample. Clearly a smart person but just because someone is smart does not mean he was right about everything. In fact, we know now that his nonsensical "work" with alchemy killed him. I am positive that this fad will fail. I am just annoyed that now the name web3 is taken by this nonsense.

Re:Why Web3? by jboy55 on Thursday December 30, 2021 @12:54AM (#29734080)
People made good money selling Beanie Babies, Baseball Cards and other fads... at the beginning of those.
Re:Why Web3? by everfree on Thursday December 30, 2021 @12:26AM (#29733934)
Most of the entertainment industry is about predicting collective mood swings.