@massimosgrelli
imho:
Startup that sounds very cool: until now, the feedback loop has been mainly with friends/startup community. So it's an idea optimized to sound cool.
Startup that sounds very boring: it's the result of years of feedback loop with the market.
@businessbarista
The most obvious one is moving money (especially cross-border).
Literally 100,000X faster, 100,000X cheaper, without the involvement of any data (privacy), and cannot fail.
Unpopular opinion: the point of Web3 is not decentralization.
People don’t care about it. Most don’t even know what it is.
But it doesn’t mean that it’s not important:
In Web3, your public wallet is a relevant part of your CV.
But a surprisingly high number of candidates still don't realize that.
So, if you're looking for a job in Web3:
@paulg
@Austen
"Retrospective Bigotteering: accusing ancient individuals or groups of violating today's ethical norms.
The accusation is equivalent to saying that moral values don't evolve."
The terrible UX is a strong argument in FAVOR of Web3, not against it.
If users are obsessed DESPITE it being literally unusable, imagine when it will be user-friendly.
Will smart people launch new companies with thousands of employees, process lending requests manually, take months instead of minutes, charge 7-30% interest to the borrower, and offer 0.01% to the savers to disrupt that system?
@erenbali
Information asymmetry between buyer and seller is high and the feedback loop cycle is long, a fraud could go on for years with nobody noticing anything
When you play a game, if you spend $ to buy something, you own it.
That means that you can resell it on external marketplaces, use it on other platforms, automatically get access to external communities using it as a "ticket," use it in different games, etc.
First sale for
@web3_army
!
Getting the first client is always the most exciting event in the life of a product for me. I won't ever get used to it. It's just too exciting.
WEB3 COMPANIES ARE STILL HIRING!
The moment to get shit done for real in Web3 is now.
Companies still have money, but way more focus. And way fewer distractions.
Launching the Talent Board today on PH!
➡️
Will smart people launch new game companies where users spend $ to buy stuff in the game, the thing remains locked in there, and users don't own it, to disrupt that system?
A lot more artists have now the opportunity to become full-time creators.
The world is about to be invaded by a massive quantity of new music, videos, illustrations, art like never before.
I love that.
The point here is Digital Ownership.
Digital. Ownership.
The ability to own, transport, transfer, and compose virtually anything all across the internet.
Internet-native and borderless money, assets, identity.
This is the point of Web3.
“The best thing a human being can do is to help another human being know more.”
— Charlie Munger
His wisdom has helped me so much in my journey. A true legend who I will always be grateful to.
The Silicon Valley law: (almost) every founder will eventually become a B2B SaaS founder.
Delay this at your risk and peril.
(i'm sorry i don't make the rules)
People taking a loan:
They choose the collateral asset and instantly get the money for 5% interest a year.
Someone else on the other side gets a 4% interest for depositing liquidity.
I wouldn't sleep at night if I had a pre-product startup, $3m seed round, and 15 full-time employees.
But from what I'm seeing, this seems like the norm in Web3 today 😨
An interesting thing I've discovered after a lot of interviews:
Most people "interested" in Web3 don't even know what metamask (or any other wallet) is.
We're still early (and with a ton of work to do.)
"ALL CURRENCIES ARE DEVALUED OR DIE.
Of the roughly 750 currencies that have existed since 1700, only about 20 percent remain, and all of them have been devalued."
- Ray Dalio
Fungible and non-fungible assets (Tokens, NFTs), DeFi, wallets, stable-coins, community tokens, DAOs, wallet auth, and who knows what else in the future.
All (amazing) enabling technologies.
Resources are finally being transferred back from short-term people to long-term ones.
This downturn was very much needed. It's cleaning up the market from short-term bs projects, scam tokens, and unsustainable leverage.
Let's keep building folks. The journey is still long.
LFG
There will always be *centralized* frontends (with alerts, anti-spam systems, algorithmic feeds, cached data, good UI/UX, etc.) and decentralized backends (blockchain).
Why is everyone talking about decentralized frontends? It doesn't make sense.
And just like that, thousands of startups suddenly became irrelevant.
Overhyped trends are the worst verticals to build in because they are where the most talented, well-funded, smart people and companies are building too.
The year is 2022 and I still don’t understand why people describe web3 as “where users own their data.”
1- it doesn’t mean anything
2- it’s not true
3- sounds like bs
4- the least interesting thing you can say about web3 (which is about internet-native assets and ownership)
This is insane. I've tried to solve this VPN problem by searching on Google, and I couldn't find the solution.
ChatGPT: clear instructions and problem solved immediately.
OpenAI 1 - 0 Google
If you are a Web3 community/marketing manager or an engineer, I swear, you are VERY needed by a lot of web3 companies I know. If it's you, please DM me.
"Web3" was a phenomenal marketing campaign created by you-know-who.
Being a "Web3-native something" is no longer a defensible differentiation, and it will be increasingly less relevant in the future.
Here's what I'm seeing: