Comment by iskander
4 years ago
For all of its flaws, I find the web3 space fun...but I'm also hoping that some of the non-financialized use cases move to other kinds of distributed algorithms, like Hypercore (https://hypercore-protocol.org/).
Even if the technological ideal comes to fruition in a few years (sharded modular proof-of-stake consensus blockchains with zero-knowledge rollups and dedicated data availability layers), it will still eternally remain enmeshed with speculation and scamming. I think there's a narrow time and place for the speculative assets but wouldn't want that interwoven throughout the fabric of everything online.
I see the speculation-everywhere mode that web3 is currently in as a something that the future web will occasionally devolve into.
An idea will come along that enough of us can get behind, that idea will attract money and solve real problems for a while and when they're no longer problematic enough to warrant spending money on the system will collapse back into speculation hell until the next idea-that-we-can-get-behind comes along.