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by htkibar 1370 days ago
Not a bad advice although a bit painted with pessimism I must add.

It is an unfortunate result of relative lack of regulation that there are a lot of fiascos / scams happening. That doesn't mean there aren't respectable companies / uses. What I personally notice is that when web3 isn't the only way to solve a problem, the sceptics come up in arms and say "see, don't use web3". In my opinion that is a bit of an overkill. Ideas such as ICOs, NFTs etc. are quite interesting ideas; you have people paying a ton of money to speculate on monkey images but on the flip side you also have stuff like ENS.

I think being aware of the risks but having a bit of optimism that with increased regulation & hopefully the gold rush dying out a bit, we'll have a much more healthier ecosystem when it comes to this technology.

Obviously personal opinion and all; so feel free to disagree of course.

1 comments

I have some hope in Solid (https://solidproject.org/), if only because Tim Berners-Lee is spearheading the project and Bruce Schneier leading the security/crypto side of it.