Stefan Tilkov retweeted
Whatever you think of "crypto", blockchains, or distributed contracts, they are not part of the web because they were designed not to be.
"web3" branding is attempted reputation laundering. To many who maintain the actual web, offensive expropriation:
infrequently.org/2022/01/was…
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Stefan Tilkov retweeted
There’s no doubt N95/KN95/KF94/FFP2 is better than surgical is better than cloth but the numbers in this graphic are classic data bullshit
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Yes, I understand how PoW chains might be judged this way. As of now, whatever perceived value they provide is not in a sane relation to their cost
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Fair comparison, albeit with the restriction that nobody is suggesting that everything about AI/ML is the same kind of crap
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My point is they’d be stronger if he added a caveat that what he writes is true for 95% percent of the space and deemed the remaining 5% not relevant enough to matter
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Yes, there is a huge amount of completely legitimate criticism. But e.g. of course an NFT could be useful, iff it actually were created by the owner of some digital good and conveyed actual rights. And it would be good iff it it actually disrupted the current, fucked-up mechanims
Especially Stephen Diehl has some excellent arguments, but frustrates me with his absolutist “everyone who does not share this opinion is either stupid or evil” stance
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True, yet there are some people in that scene who see that commercialization as the very thing they’re fighting
Yes, that’s very true. I would personally never voluntarily chose to be part of that community for this reason.
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Admittedly, it’s much easier to just call everyone an idiot or a scammer, and it’s sure going to get you more applause. With some superficial knowledge of how stuff works, you get bonus points for being a socially responsible, critical tech guru, so if that’s your thing …
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Even the much derided PoW chains have one thing in their favor: They actually work in terms of meeting requirements in terms of not having to trust any single entity, although I’m happy to admit it’s highly questionable whether they do so at a justifiable cost. But they work.
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Blockchains and smart contracts are technologies with very limited applicability right now. There are good and bad implementations of both platforms and applications. People trying to improve that might succeed, or they might not. (FTR, I’m not one of them.) Time will tell.
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Many of those orgs are in the same league as your typical ML startup. They may fail, but they’re not all “evil”, and they’re not all stupid. Dismissing everything and everyone uniformly seems just wrong to me.
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Sure, there are few use cases, there are many scams, and of course there’s the very questionable energy consumption of the PoW chains. But there are lots of smart folks trying to build legit use cases, using something else than PoW, trying to honestly innovate.
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