A very even-handed and level-headed assessment by Laurie, who has far more patience than me when it comes to this shit.
The bottom line is that almost everything NFT advocates want to do on a blockchain can be done more easily and efficiently without one, and the legal infrastructure needed to make NFTs work defeats the point of using a blockchain in the first place.
Any application that could be done on a blockchain could be better done on a centralized database. Except crime.
This resonates:
I’m not alone in believing in the fundamental technical uselessness of blockchains. There are tens of thousands of other people in the largest tech companies in the world that thanklessly push their organizations away from crypto adoption every day. The crypto asset bubble is perhaps the most divisive topic in tech of our era and possibly ever to exist in our field. It’s a scary but essential truth to realise that normal software engineers like us are an integral part of society’s immune system against the enormous moral hazard of technology-hyped asset bubbles metastasizing into systemic risk.
Powerful metaphors in this piece by Maria Farrell and Robin Berjon on the Waldsterben of the internet:
Our online spaces are not ecosystems, though tech firms love that word. They’re plantations; highly concentrated and controlled environments, closer kin to the industrial farming of the cattle feedlot or battery chicken farms that madden the creatures trapped within.
We all know this. We see it each time we reach for our phones. But what most people have missed is how this concentration reaches deep into the internet’s infrastructure — the pipes and protocols, cables and networks, search engines and browsers. These structures determine how we build and use the internet, now and in the future.
This quote from the brilliant Molly White is about web3/blockchain/cryptobollocks but it applies to evaluating technology in general (like, say, JavaScript frameworks):
I firmly believe that companies first need to identify and research the problem they are trying to solve, and then select the right technology to do it. Those technologies may not be the latest buzzword, and they may not cause venture capitalists to come crawling out of the woodwork, but choosing technologies with that approach tends to be a lot more successful in the long run — at least, assuming the primary goal is to actually solve a problem rather than attract VC money.
Thoughts from Robin, prompted by the Web History podcast I’m narrating and the other Robin’s notes on web3 that I linked to:
Who is the web for? Everyone, everywhere, and not only the few with a financial stake in it. It’s still this enormously beautiful thing that has so much potential.
But web3? That’s just not it, man.
Exactly! The blinkered web3 viewpoint is a classic example of this fallacious logic (also, as Robin points out, exemplified by AMP):
The importance of revisiting past decisions. Especially when it comes to the web.
A great day at the Brighton Dome (only slightly marred by some cryptobollocks).
It’s almost as though humans prefer to use post-hoc justifications rather than being rational actors.
The curse of knowledge of cryptobollocks.
I’m all for web monetisation and micropayments …but without the stench of crypto, please.