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

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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