It’s like that headline about the internet being a glorified fax machine in 1999. [0]
It was wrong to put your name on that piece for posterity to see (and mock you) , but if you listened to that article and shorted the Nasdaq you’d have made 5000% type returns .
And if Krugman himself listened to his own brain , he’d have had enough money not to care about that piece or make people forget about it
The web3 might not be bullshit , but if you want to make money the only trade out there is to bet that it is .
Bulls who say that web3 is in its early days surely mean the technical early days , because financially the web3 is already priced for world domination .
Bulls forget that when you have to learn a programming language to profit off a trend you already missed on life changing money and hockey stick price increase (bitcoin 2010-2020 and Ethereum 2015-2020)
Everybody conceives cool things in their minds but the cooler the idea the more it’s a winner take all market
Web1.0 teaches this just by looking at the big tech giants which dominate. There’s space for only one in each of the big tech sub fields. Search - social media -cloud - Desktop OS - phone OS
The ideal is to bet on a trend instead of a company and do so when the rising tide lifts all boats such as Nasdaq 1995-2000 and Bitcoin 2010-2020.
I get what you are saying but in today society there is not only no glory but outright ridicule and financial trouble for people who have a cool project which gets copied by a giant . It ends up in tears .
I wish it was different . I contacted on LinkedIn the guy who put together the first Facebook like social network in 2000. He works for Sony and nobody knows his name
It was wrong to put your name on that piece for posterity to see (and mock you) , but if you listened to that article and shorted the Nasdaq you’d have made 5000% type returns .
And if Krugman himself listened to his own brain , he’d have had enough money not to care about that piece or make people forget about it
The web3 might not be bullshit , but if you want to make money the only trade out there is to bet that it is .
Bulls who say that web3 is in its early days surely mean the technical early days , because financially the web3 is already priced for world domination .
Bulls forget that when you have to learn a programming language to profit off a trend you already missed on life changing money and hockey stick price increase (bitcoin 2010-2020 and Ethereum 2015-2020)
[0] https://twitter.com/kevincadogan/status/1195521960437932033?...