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A comment on Ask HN: Are things like Web3 holding back innovation?.

Re:Ask HN: Are things like Web3 holding back innovation? by jsiaajdsdaa on Saturday February 19, 2022 @11:42PM (#30403266)
It isn't necessarily. Sometimes fools are parted with their money and the recipients go on to do things beneficial to society.

The scary realization though is that the problems that really need solving in our world are hard.

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Re:Ask HN: Are things like Web3 holding back innovation? by latexr on Sunday February 20, 2022 @07:00AM (#30405057)
> Sometimes fools are parted with their money and the recipients go on to do things beneficial to society.

A common thread with NFT projects is lying and rug pulling[1]. Everything about this movement comes back to trying to make an easy buck, it’s a stretch to claim this could be beneficial to society[2]:

> (…) made off with $30,000 and wrote that the charity to which they'd promised to donate "will instead now be... my bank account".

[1]: https://web3isgoinggreat.com/?theme=rugPull

[2]: https://web3isgoinggreat.com/?theme=rugPull&id=2022-02-06-2

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Re:Ask HN: Are things like Web3 holding back innovation? by jsiaajdsdaa on Sunday February 20, 2022 @12:39PM (#30407438)
Depending on which way you look at it, Jeff Bezos turned dubious labor practices into a space program.
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