[HN Gopher] Crypto Theses for 2022 [pdf]
___________________________________________________________________
Crypto Theses for 2022 [pdf]
Author : dustingetz
Score : 26 points
Date : 2021-12-12 20:34 UTC (2 hours ago)
(HTM) web link (messari.io)
(TXT) w3m dump (messari.io)
| clpm4j wrote:
| This sentence summed it up for me:
|
| "Today there is still no scalable, decentralized, widely
| integrated protocol that moves value and data between blockchains
| without relying on trusted third parties."
|
| There is absolutely nothing technical or interesting from an
| engineering perspective in this pdf, but if you want a summary of
| the crypto-VC-twitterVerse then you might find it entertaining.
| cryptown wrote:
| > Whether you're here as a missionary or a mercenary, you'll find
| that one of the primary unifying forces behind this movement is
| the belief that decentralized technologies with embedded
| financial incentives (a good shorthand for Web3) offer a
| compelling, often lucrative, alternative to our decaying legacy
| institutions
|
| The only reason people are interested in these "lucrative"
| alternatives is because our "decaying legacy institutions" have
| incentivised wealth. I've yet to read a compelling argument as to
| why making a bunch of nerds (like myself) rich is not just a
| continuation of capitalism. An alternative to capitalism is
| something that removes financial incentives from life.
| timdaub wrote:
| > I've yet to read a compelling argument as to why making a
| bunch of nerds (like myself) rich is not just a continuation of
| capitalism.
|
| Yes, crypto is a continuation of capitalism.
| screye wrote:
| If anything, crypto is about explicitly enabling and
| exploiting the best of what capitalism has to offer.
|
| Open access and competition at every step is when capitalism
| is at its best. It tries to structurally avoid the emergent
| problem of institutional capture that we're all too familiar
| with in the US. Finance is probably the best example of
| institutional capture. So, I see the value of an alternate
| system.
|
| It reminds me of the development of ML. ML has allowed
| statisticians, supply chain folks and industrial engineers to
| market themselves as AI people and implement much needed
| solutions that existed before the AI boom, but never had the
| clout or funding needed to push ot through.
|
| Crypto is the Trojan horse. Inside are important traditional
| solutions whose only shortcoming was lack of a cool factor.
| So they've hopped on the crypto bandwagon to attract talent
| and resources needed to make these academic solutions a
| reality.
| cryptown wrote:
| but is "capitalism at its best" the same as "humanity at
| its best" or even "humanity at its pretty goodest"? Does
| the average person without capital want capital, or do they
| want... to live a happy, stress-free life? right now,
| obtaining capital is a way to achieve that _because_
| capital is so unevenly distributed, but it's not the end
| game of humanity. caveat: I'm not an academic so I could be
| missing a very obvious piece of nuance in what "capitalism"
| means in the context of this discussion.
| KarlKemp wrote:
| _" The alpha in this report is free, and many have gleaned
| insights from past reports that helped them make money, but
| nothing herein is investment advice. Be an adult."_
|
| I don't know why but just the choice of words here made me
| nauseous.
| xenocratus wrote:
| While I understand that it's the title of the document and the
| hip way to read it, I would've preferred the "crypto" in the
| title to be expanded to "cryptocurrency". I read it and got
| excited that it might be about cryptography... :[
| [deleted]
| whoisninja wrote:
| web3 is BS
|
| everything runs on centralized servers, where are the peers in
| these p2p networks?
| wegwerfbenutzer wrote:
| one is running next to me (geth + lighthouse)
| diveanon wrote:
| Pretty bold claim with 0 evidence.
| whoisninja wrote:
| yes, because this is buzzword marketing using VC dollars so
| that they can pump and dump some stupid tokens on retail around
| the world without any oversight from regulatory authorities
|
| there's nothing p2p in these networks, for instance 75% nodes
| in Ethereum are running on hosting service
| https://www.ethernodes.org/network-types
|
| Solana requires 128GB min. of RAM to run a validator node lolol
|
| Messari is a retarded company, look at this pdf: v2s, v3s,
| defi, cedefi - i mean it's like they're trolling everyone
|
| a16z got a goldmine ponzi in their hands, they gonna milk it as
| long as they can
| vingt_six wrote:
| woaw i don't know what is this and i don't understand anything
| Tangokat wrote:
| I think the report is pretty good. It has an obvious bias towards
| crypto/web3 being great but when you put so much money into it I
| suppose it kinda has to be that way.
|
| As someone who sorta accepts some parts of the crypto narrative
| and use it on a daily basis the chapter about NFTs just does not
| make sense to me. All these people high on play-to-earn games and
| buying non existant land in a game/virtual place that doesn't
| really yet exist. The world just isn't there yet, this is a
| classic overhype situation and will have to go through years of
| winter before maybe actually working.
|
| Could you see virtual land being worth something in a world where
| the Ready Player One Oasis exists? Yes sure.. but we're so far
| from that and I think a lot of these finance guys don't
| understand the gaming/technical challenges to get there.
| diveanon wrote:
| I agree that play-to-earn is still very early, but there are
| several projects in the space making significant progress
| towards making it a reality.
|
| I view investing in these projects no differently than my TSLA
| positions. Over hyped for sure, but the potential upside is
| massive and I am unwilling to sit on the sidelines.
|
| Right now I am active in a few communities and it's been a lot
| of fun watching these games evolve on a near weekly basis. I
| relate it to Kickstarter but you actually own a part of the
| company.
| timdaub wrote:
| - Read 3 pages and Balaji was mentioned 6 times
|
| - Top 10 crypto people to watch is mostly VCs, ok
|
| - Links to some big claims are direct links to tweets
|
| - "It's inaccurate to call Tether a fraud."
|
| - TIL: Balaji backed Worldcoin (Worldcoin is the retina-scaning
| dystopia Sam Altman crypto startup)
|
| - They call OHM an unpegged stablecoin, but it's actually a
| ponzi: "However, judging by the number of forks it has spawned,
| OlympusDAO may be the year's most important new project, and non-
| pegged stablecoins may be the best bet this industry has when it
| comes to de-pegging from the US dollar." Wow, let's see how that
| statement will age...
|
| - Have I mentioned that Balaji is cool?
|
| Actually, it's pretty entertaining to read.
| user-the-name wrote:
| For reference, Balaji is the guy who promised a massive project
| to put bitcoin miners in all of your household appliances so
| they could get bitcoins to make microtransactions with. This
| was somehow pitched as both desirable and possible, two things
| which is most certainly wasn't.
|
| Having raised large amounts of money for this, he then
| proceeded to deliver absolutely nothing except an outdated
| mining chip duct-taped to a Raspberry Pi, and then pivoted
| to... paying people to answer surveys?
|
| Everyone in the cryptocurrency sphere thinks he is a genius and
| visionary.
| timdaub wrote:
| Can confirm. But hey Peter Thiel then recommended him to
| Trump for like some government positions.
| batman-farts wrote:
| I already feel sorry for the future historians who are going to
| have to parse thousands of broken Twitter threads when they
| study this stuff.
___________________________________________________________________
(page generated 2021-12-12 23:01 UTC)