I thought we all agreed web3 was dead and killed by shills and get rich quick schemes. Why are people still on this bandwagon?

I think whoever is still on it is just jumping from one hype train to another in denial, following other web3 bros news. They really believe it is the future without any understanding how it works.

I believe it’s the future and I 100% understand how it works. There are a ton of bad ideas, scams, and money grabs… But at the core the fundamental technologies have a lot of potential.

Its a solution looking for the right problem. Unfortunately, all the problems it can solve, have already been solved in other ways.

the problem doesn’t even exist unless you take extremely paranoid and terminally libertarian assumptions

Well, things like “How do we make sure the person who claims to own this house actually owns this house” is definitely a real problem. But we’ve already solved that problem in another way. And we’ve spent hundreds of years ironing out all the little kinks in the system.

And the problem with blockchain (and every other ‘disruptive’ technology) is that it goes “Nah, we’re going to throw all those unneeded things out”. That then goes massively wrong, because, surprise, the system isn’t complex for no reason.