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Comment by yazzku | Hacker News Reader

1. Rewrite everything in Go or Rust for the sake of it. 2. Pretend AWS and DNS do not exist and that the web is decentralized. 3. Read blockchain. Lots of it. Write about it more than you read about it. 4. Success. Let the big bucks rain on you.

But seriously, are you considering getting into this just for the bucks? I'd suggest you check out what Moxie and other respectable folks have to say about this first, e.g:

https://moxie.org/2022/01/07/web3-first-impressions.html

You can read about many more fiascos online. I think there are a million more interesting things to get into. The nice thing about recessions is that it cuts out much of the BS, and we've already seen quite a few of these startups go down for good.

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Not a bad advice although a bit painted with pessimism I must add.

It is an unfortunate result of relative lack of regulation that there are a lot of fiascos / scams happening. That doesn't mean there aren't respectable companies / uses. What I personally notice is that when web3 isn't the only way to solve a problem, the sceptics come up in arms and say "see, don't use web3". In my opinion that is a bit of an overkill. Ideas such as ICOs, NFTs etc. are quite interesting ideas; you have people paying a ton of money to speculate on monkey images but on the flip side you also have stuff like ENS.

I think being aware of the risks but having a bit of optimism that with increased regulation & hopefully the gold rush dying out a bit, we'll have a much more healthier ecosystem when it comes to this technology.

Obviously personal opinion and all; so feel free to disagree of course.

I have some hope in Solid (https://solidproject.org/), if only because Tim Berners-Lee is spearheading the project and Bruce Schneier leading the security/crypto side of it.

I have been in the bitcoin/blockchain space since 2010. This joking advice is actually not half bad.

There's an emphasis on bad NFTs in this article, but some NFT projects encode the traits of the collectible into the token itself, or host images from a decentralised source like IPFS. Bored Apes do this, for instance.

Yes, there's are bad ways to misuse NFTs and do things incorrectly. That shouldn't mean that the entire concept is flawed.

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