| Yes, for the same reason. The reason why they call themselves "decentralized for X" or "uber for X" is because that's what makes most money. It was "uber for X" a couple of years ago. But in 2018 it's "decentralized for X", because of the ICO hype where all the coins rails hundreds of millions of dollars. But on a positive note, exactly because it has so much potential I think we can't dismiss it as just a fad. After all, Uber and the similar approaches DID change the world. It's kinda funny because if you said "decentralized for X" a couple of years ago, people would just say "yeah good luck with that, nerd", and the only place you would hear about these things would be HN. The only change since then is Bitcoin. But even on its own Bitcoin is such a disruptive piece of technology that so many people are just betting on it. And I do think some will succeed. But from what I see, most people working on these have no idea why Bitcoin works therefore will fail. I see two groups: 1. Super tech nerds who think they understand how Bitcoin succeeded so far, but actually totally miss the rest of what made Bitcoin successful. But at least these people have ability to build something meaningful. Most of the famous projects that sound like they're doing really well belong to this category. I won't name names, but I'm not even talking about obscure projects. The leaders from most of the top tier highest profile projects don't seem to understand how to make their project a success, they're either too focused on tech (thinking somehow if they keep working on it, it will succeed in a "decade") or too focused on shady stuff. They will all fail either because someone better will come along and fork their protocols and do it leaner and better, with all the lessons learned, or because they all get burned out before the "decade". A decade is a really long period. 2. Shallow people: most entrepreneurs I see have no knowledge about how these blockchains work and just assume that they will work and raise millions of dollars. Actually a lot of my friends are like this, but I can't just outright tell them to quit because they're friends. But I'll use this opportunity to say, if you don't understand what you're building on, from economic aspect, technological aspect, and social aspect, you'll probably fail 99.9%. I think the success won't come directly from these first generation protocols with this naive mindset. I think the only way to actually succeed in this wild wild west is to educate yourself on a deeper level. Then you'll quickly see that a lot of these high profile projects are bunch of bullshit. And maybe along the way, you can come up with your own solution that can truly become the "Uber of decentralization" |