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Chronicles

The story behind the story

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a16z's Marc Andreessen and Packy McCormick failing to coherently explain Web3 use cases demonstrates the hollowness of the space, often obscured by boosterism

I cannot stop watching crypto profiteers get owned. … I cannot stop watching videos of Web3 boosters failing to explain the usefulness of the technology.

The Atlantic Charlie Warzel

Discussion

  • @dlberes Damon Beres on x
    “Finally I realized there's a pattern here: I keep making things that people don't want” Interesting piece from ⁦@cwarzel⁩ about a major existential problem in the web3 universe: Many of its most powerful boosters struggle to justify its purpose https://newsletters.theatlantic.co…
  • @packym Packy McCormick on x
    Today, as it stands, web3 has real use cases. Jumping back into the web3 use case debate with the first of a two-parter. Part I is all about disruption theory and the use cases that exist today. https://www.notboring.co/... https://twitter.com/...
  • @stevekovach Steve Kovach on x
    Amazing how similar the hype-talk about Web3 and 5G is. Lots of promises, yet no convincing argument or proof why it's better. Just word salad. https://newsletters.theatlantic.com/ ...
  • @alexhern @alexhern on x
    good piece https://newsletters.theatlantic.com/ ...
  • @jason_kint Jason Kint on x
    “What makes the videos so cathartic for a crypto skeptic is that the interviewers give McCormick and Andreessen no place for their arguments to hide.” https://twitter.com/...
  • @tante @tante on x
    “And so often when I read this stuff from [crypto] investors I feel like I'm being DDoS'd by marketing language, needless complexity, and vague future-casting.” https://newsletters.theatlantic.com/ ...
  • @liron Liron Shapira on x
    Today's installment of the great Web3 use case debate: Sequoia crypto partner @shaunmmaguire gives his pitch to @zachweinberg and @loganbartlett on @cartoonavatars Some highlights: * Casual money laundering * Says Web3 use case is indie game * Implies @a16z's $4.5B fund too big h…