The internet was just as viable in 1995. We were doing commerce over phone lines using computers for 20 years at that point. By the time there was an internet nobody had a reason to question it, or desperately try to find use cases for it.
The cryptography space has a lot of promise, but the VC money is not being pumped into better privacy or confidence (which is better than trustlessness). It's being pumped and dumped, because securities fraud is where the money is. The idea is to prop up the image of crypto until you can dump.
Blockchain technologies are not the right tool for everything. They can eliminate the double spending problem in a decentralized way, but there are trade-offs involved in being able to tolerate a large amount of faulty or malicious nodes (for problems that require coordination) and they are fundamental. Blockchain technologies lock you out of efficiently solving a lot of problems.
The Web3 projects I have seen so far would not be able to compete with their Web2 counterpart. They don't know their customers, they are hard to understand, difficult to use, they are trying to bank on artificial scarcity as if it's a new invention no one else tried. If your mother can't understand your Web3 project chances are you aren't going to get your big break.
The cryptography space has a lot of promise, but the VC money is not being pumped into better privacy or confidence (which is better than trustlessness). It's being pumped and dumped, because securities fraud is where the money is. The idea is to prop up the image of crypto until you can dump.
Blockchain technologies are not the right tool for everything. They can eliminate the double spending problem in a decentralized way, but there are trade-offs involved in being able to tolerate a large amount of faulty or malicious nodes (for problems that require coordination) and they are fundamental. Blockchain technologies lock you out of efficiently solving a lot of problems.
The Web3 projects I have seen so far would not be able to compete with their Web2 counterpart. They don't know their customers, they are hard to understand, difficult to use, they are trying to bank on artificial scarcity as if it's a new invention no one else tried. If your mother can't understand your Web3 project chances are you aren't going to get your big break.