stuff like this makes me realise all the people in this space are dorks
does Web3 stuff go in here? found the replies to this tweet pretty interesting
despite my love for the space it's obvious that it is an incredible echo-chamber. the people who truly understand the tech are also usually those who want it to succeed, (both for monetary and ideological reasons). Thus either critique is incredibly off the mark, or it doesn't go far enough because the writer is incentivized not to be so critical. But this is standard fare for any new technology and not specific to crypto. What is more interesting is how within the space (
especially in NFT space) the immediate monetizability of clout leads to the propagation of dogmatic out-of-touch beliefs. In a space where valuation is incredibly memetic, social capital becomes incredibly easy and profitable to monetize. this leads to a kind of clout farming where ideologue's/appointed cheerleaders spew brain-dead self-masturbatory takes that appeal to people's psychological desire to be part of a "movement." They can then monetize their increased social capital to acquire more capital. i.e monetize clout by shilling some shitcoin/NFTproject.
In principle, there is nothing wrong with producing content so that one can later monetize their increased social capital. But when you farm engagement and clout by posting takes that targets people's in-group bias, and desire to be part of the "next thing," you make the space look horrible and lower the level of discourse.