zlacker

[parent] [thread] 1 comments
1. vkou+(OP)[view] [source] 2022-05-19 09:11:15
> As someone who went heavy into crypto/web3, it does pain me to admit that there really are no use cases besides making money.

In 2022, is there any money to be made there, other than:

1. Money that comes from 'less lucky' entrants in the various zero sum schemes?

2. Money that comes from selling shovels to the con artists running #1?

As a bystander, I'm not seeing any other ways that 'web3' is making money - and I'd argue that if it's just those two, then that's a pretty bad use case. I mean, it's good for the participants who are making money, but all that money comes from impoverishing others.

replies(1): >>puranj+m3
2. puranj+m3[view] [source] 2022-05-19 09:51:04
>>vkou+(OP)
There really isn't. I'm deep in the crypto hole and have a whole bunch of close friends in private telegram groups scouring for opportunities. And collectively, we've only been down outside of a few lucky plays and/or airdrops (like the BAYC $APE airdrop).

Which is precisely why you see dApp usage numbers crater. Check out OpenSea's daily volume on Dune.xyz as an example - down to $30M/day from consistent $150M/day even a month ago.

[go to top]