(As an aside, I was an advisor to Storj.io, a web3 storage company. Largely because of my relationship with the CEO and less because of my enthusiasm with the space.)
The leveraged, financial engineering side of Crypto as a get rich scheme never really appealed to me. I see this like any other risky investment, blurring the lines between lawful and not. Borrowing a ton of money and staking it on crypto seemed like a path to glory to many, and I am saddened by all of the people that lost their shirt in the process.
There's another side of me, however, that sees web3 as an evolution of the traditional technology marketplace. A lot like early days of the internet, or of open source.. web3 seemed to be the continuation of the hacker spirit, where builders met to build cool stuff.
Some of the coolest websites and communities these days are related to NFT's and minting them. Some cool thinking about persistent storage, or cloud, or storage with blockchain/coins as an incentive structure for micropayments. How to directly monetize content on the web without having to prop up the ad industry. Interesting, worthy goals.
It's hard to reconcile this spectrum of thoughts and come up with a clear, personal, answer on the value of blockchain technology as a whole.
(As an aside, I was an advisor to Storj.io, a web3 storage company. Largely because of my relationship with the CEO and less because of my enthusiasm with the space.)
The leveraged, financial engineering side of Crypto as a get rich scheme never really appealed to me. I see this like any other risky investment, blurring the lines between lawful and not. Borrowing a ton of money and staking it on crypto seemed like a path to glory to many, and I am saddened by all of the people that lost their shirt in the process.
There's another side of me, however, that sees web3 as an evolution of the traditional technology marketplace. A lot like early days of the internet, or of open source.. web3 seemed to be the continuation of the hacker spirit, where builders met to build cool stuff.
Some of the coolest websites and communities these days are related to NFT's and minting them. Some cool thinking about persistent storage, or cloud, or storage with blockchain/coins as an incentive structure for micropayments. How to directly monetize content on the web without having to prop up the ad industry. Interesting, worthy goals.
It's hard to reconcile this spectrum of thoughts and come up with a clear, personal, answer on the value of blockchain technology as a whole.