Tech IndustryMay 18, 2022
MicrosoftcaFN66

Web3 grift is almost over

https://techcrunch.com/2022/05/17/coinbase-backtracks-hiring-plans-crypto-market-turmoil/ Thank goodness for that! Can we let that "web3" grift burn in fire?! The glorified distributed linked list, aka blockchain is good for nothing... let's move on and build things that matter. Almost anything with blockchain is less efficient and doesn't solve a problem. No idea why this industry exists other than gambling and speculation on worthless tokens.

Coinbase backtracks on its hiring plans, citing crypto market turmoil – TechCrunch
Coinbase backtracks on its hiring plans, citing crypto market turmoil – TechCrunch
TechCrunch
Iterable plznoban May 18, 2022

Finally, lets see COIN goto $1 or even better, a penny stock.

Microsoft caFN66 OP May 18, 2022

Coinbase is going bankrupt.

Bloomberg off-by-ome May 18, 2022

Block chain isn’t going anywhere and has valid use-cases, but definitely high on the hype cycle

Microsoft caFN66 OP May 18, 2022

Name one. I'm waiting.

Bloomberg off-by-ome May 18, 2022

Crypto currency is definitely one. Just cos Coinbase is going bankrupt doesn’t mean crypto is going anywhere. Don’t be silly.

Jane Street Capital O'🐪 May 18, 2022

If I had a Bitcoin for every time someone calls the blockchain worthless, I'd be a lot richer.

Allstate KMJYU May 18, 2022

Brotha don’t be salty

Amazon UsDD83 May 18, 2022

TC or GTFO

Oracle oIJH01 May 18, 2022

So much boomer anti-crypto sentiment by a bunch of salty no coiners. Invest in what you believe in and move along

Zendesk u$ernam May 18, 2022

too early for blockchain use cases. Like 2000s were too early for many internet usecases like grocery delivery, pet food delivery, social media. All these business models failed in 2000sbut many of them became successful 20 years later because of the real usecases.

Microsoft caFN66 OP May 18, 2022

13 years is eternity in tech. So no. We're not early. It's already over. It's only a bit alive because there is a great supply of fools buying into worthless tokens

Netflix cornybites May 18, 2022

@caFN66 how much did you lose? My sympathies. I can sense where all this anger and bitterness is coming from

Freddie Mac qPUe75 May 18, 2022

Great timing for Block to double down into crypto 😆

Microsoft msAzure01 May 18, 2022

Great time for more fools to buy into the grift

Oracle o(n^n)o May 18, 2022

The crazy swing behavior needs to stabilize to some degree to make it widely adoptable. Having +/- 100% everyday just doesn’t bode well for the majority of people

Microsoft msAzure01 May 18, 2022

I agree with OP. I looked deeply into crypto, blockchain and web3... it's all grift masked with hype. Folks who truly understand computer science can see through the BS.

Meta EIVp08 May 18, 2022

OP agrees with OP. The only grift I see is your posting strategy. Lol “folks who truly understand computer science” 😂🤣

Microsoft msAzure01 May 18, 2022

That comment was recorded on the blockchain. With the amazing 7 transactions per second efficiency