Sure that's all well and true, though you somehow missed the part where web3 fits the "bullshit that can produce hype" description perfectly. What separates your app from thousands others that pretend to do something profound but end up rugpulling in a few months? I suppose the part where you actually need to get people's money before running away with it...
The entire industry is so tainted by bad actors that only complete hacks are still interested in doing anything in it, which will only continue to reduce the percentage of legit projects until there are none at all.
> Seems you can just download open source software and use it without buying any tokens… and even if you did buy tokens, where is the ponzi?
All crypto fundamentally works on the principle. Prices are based on popularity and demand alone, or hype as you call it. There's nothing of actual value there. Just because you're a side participant doesn't make it any less that. Like buying a Herbalife drink or something.
> Many startups are “almost” ponzi schemes
That's entirely correct, and so is most of the stock market (non-dividend paying stocks) and practically all pension systems worldwide pretty much. It's all an unsustainable trainwreck in the long run.
What separates your app from thousands others that pretend to do something profound but end up rugpulling in a few months? I suppose the part where you actually need to get people's money before running away with it...
Have you even clicked the link and given the description a cursory look? It isn’t one app, it’s many. What separates them is that they are built to be used by entire communities, not peer to peer. There is documentation, there are interviews with regulators. And all you have to do to use it is press a button and it costs you nothing. It is altogether different than the scams that have hype and no product.
Prices of what, exactly? Your comment reads exactly like a cookie cutter generic cargo cult comment where you didnt even look at what is specifically being discussed.
Ah yes "but but the community!" You crypto bros really just repeat yourselves over and over.
> where you didnt even look at what is specifically being discussed
Because I don't really care about yet another pointless web 3 project that will at best achieve nothing and at worst lose a lot of people's hard earned money. How much gas fees are you paying to make any of it work? I'd rather not even know.
So you're against communities having software? You think centralized server farms owned by Big Tech is the only place where their software should run? Another pointless centralized VC-backed proprietary silo which "captures" a market and extracts rents, at best does nothing and at worst wastes a lot of people's time and makes them addicted, anxious, more antisocial, and work like sharecropper slaves to contribute content that's milked for "eyeballs"?
More likely, you still haven't looked at anything in the link. Allow me to make some statements about it then:
The entire industry is so tainted by bad actors that only complete hacks are still interested in doing anything in it, which will only continue to reduce the percentage of legit projects until there are none at all.
> Seems you can just download open source software and use it without buying any tokens… and even if you did buy tokens, where is the ponzi?
All crypto fundamentally works on the principle. Prices are based on popularity and demand alone, or hype as you call it. There's nothing of actual value there. Just because you're a side participant doesn't make it any less that. Like buying a Herbalife drink or something.
> Many startups are “almost” ponzi schemes
That's entirely correct, and so is most of the stock market (non-dividend paying stocks) and practically all pension systems worldwide pretty much. It's all an unsustainable trainwreck in the long run.