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by prox 1633 days ago
It smells like the .com boom/bust all over again. Like you say, money drives the discussion, not tech. Which is indeed unfortunate.
2 comments

> It smells like the .com boom/bust all over again [..]

Question: does being old enough to have lost money* - and having done so** - back in the .com bubble correlate with whether you're positive or negative about Web3 ?

"This Time Is Different" has been said by sales types since at least the year 1637

* Full disclosure: yes, I am

** Full disclosure: yes, I did .. not enough to have mattered, but enough to [still] remember

I made money during the dotcom era but am still negative because it reminds me of the worst parts of day trading. Not pets.com or Kozmo, which for all of their flaws were at least building something lots of people want to buy (both could have worked with less rushed expansion), but the sleazy pump-and-dump companies which had “here a miracle happens” in their business plans. I remember so many people doing the same “who cares about value, this number is going up!” pitch.
The same exact people that I saw domain squatting and left behind when told to put pop-unders on our pages are now closing their scammy SEO outfits to go full web3.
It’s just human nature. It’s nothing to be sad about.