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Re:Web3 is just a fresh serving of the same old crypto nonsense by enlyth on Thursday July 14, 2022 @08:39AM (#32095250)
Yeah it's because HN is engineering focused, and somehow "crypto" is not supposed to be upheld to the same standards as everything else. Everything is always a few years away, mass adoption right around the corner, killer apps and new paradigms of finance, you just have to wait a bit, we're almost there. But nothing of value has been created in a decade.

In my mind it has one good use, darknet markets, but that doesn't justify this whole nonsensical ecosystem somehow worth billions of dollars around it which does basically nothing, apart from being a huge casino. Cryptocurrencies have worked fine before all the finance bros and gurus came in and hijacked the whole space.

Re:Web3 is just a fresh serving of the same old crypto nonsense by mountainriver on Thursday July 14, 2022 @09:08AM (#32095585)
Yup darknet markets were how crypto got started and we have yet to find a better use case
Re:Web3 is just a fresh serving of the same old crypto nonsense by Traubenfuchs on Thursday July 14, 2022 @08:49AM (#32095371)
> nothing of value has been created in a decade.

A good summary.

Re:Web3 is just a fresh serving of the same old crypto nonsense by medo-bear on Thursday July 14, 2022 @01:31PM (#32099058)
i think its much bigger than darknet. the crypto world brings together a mix of libertarianists and high risk investors. banking is one of the most hated industries and crypto seems to give it good competition. also a lot of bureocracy can be dealt with efficiently with smart contracts