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Comment by yoaviram | Hacker News Reader

Unpopular opinion - Web3, incidentally, may save us: https://nonstructured.com/in-defense-of-web3/

> Web3 allows us to experiment with alternative economic systems in a controlled fashion, and our imagination is the only limit in this realm. We can describe an economic system’s exact properties for the first time and then let the experiment run, learn, and adapt.

The idea that this is unique to Web3, crypto, or even decentralized systems is incorrect. MMOs do this all of the time with a SQL server.

This is a much more level-headed take on web3. As someone building in web3, I admit that 99% of current web3 projects (including tokens and NFTs) will go to zero. That's a consequence of the sheer number of projects and diversity of experimentation occurring today. For the first time in a decade, there is an explosion in the number of products and projects being developed. I can only see this as a positive thing.

Not to be hurtful about your project Ribbon and other similar projects, but companies rewarding their employees with NFTs is a bad idea. People like being treated fairly and they like meaningful benefits, like health and wellness, and of course being adequately compensated. NFTs are hardly fair or meaningful.

I don't say that you should not experiment with the market, but I'm questioning if that's even the point. Projects like these are being pumped out in this space hoping to luck into some temporary craze, but I see a lack of care, not polish, but a lack of interest in making something useful for actual people. I really question the usefulness of crypto in these projects. It's putting the cart in front of the horse, most of these projects would be actually better without it.

Previously discussed at https://news.ycombinator.com/item?id=31680904

Reply on news.ycombinator.com