[FRIAM] Web 3 is going great!

Wed Jun 1 00:29:27 EDT 2022

Alternate take: Web3 is doing just fine.

Identity politics is bad in all contexts, including when it's used to get
people to buy things they otherwise wouldn't buy (which is the main focus
of the Molly White article). Also, Pyramid schemes are bad anywhere you
find them, not just on the web, and certainly not just in web3. Oh, and
also you can manipulate people by giving them a false sense of security...
well... no shit.

But also, if people are getting a thing they want, then that isn't a scam.
If you go to a tupperware party put on a friend, because you need
tupperware, and might as well buy it there, and then you buy it there, and
later the tupperware that you wanted arrives, that simply isn't a bad
thing. The tupperware sales scheme might even be an MLM, but that doesn't
mean you got scammed when you bought a container, it just means your friend
probably isn't going to get rich off the whole thing.

Here is a link to an NFT that looks to be a pure pyramid scheme, you
shouldn't buy it.... but hey... if you get in early maybe you will get
lucky and the scheme will work:
https://opensea.io/assets/ethereum/0xa8089bf595f2b2ada60b24224fcdc411cf0a40da/300

Here is a link to an NFT minting that is being put on by PokerGo, which is
a known, real world company, that runs tons of tournaments, has a
production studio, and has its own streaming service for poker (including
the biggest back list anywhere), and if you get the NFT it comes with free
membership to their streaming service. So, if you figure you are going to
pay for their streaming service for a year or two, you probably want to buy
this NFT.  PokerGO Genesis NFT Collection - Collection | OpenSea
<https://opensea.io/collection/pokergo-genesis-nft-collection>

If eth goes to zero tomorrow (which it won't), as long as PokerGo honors
the streaming membership, it will be a fine purchase. If eth goes up and/or
there is a run on PokerGo NFTs, and I can sell at a profit in a year or
two, that would be even better, but it isn't necessary for the purchase to
make sense.

(Technically the PokerGo NFT is still in mint, so you actually want to
"mint" not "buy", but let's not complicate things....)

Best,
Eric

-----------
Eric P. Charles, Ph.D.
Senior Workforce Analyst
Human Capital Management Office
Defense Counterintelligence and Security Agency (DCSA)
American University - Adjunct Instructor
<echarles at american.edu>

On Mon, May 30, 2022 at 7:47 AM Frank Wimberly <wimberly3 at gmail.com> wrote:

> I have too many subscriptions but there's this from the source
>
> https://blog.mollywhite.net/predatory-community/
>
> ---
> Frank C. Wimberly
> 140 Calle Ojo Feliz,
> Santa Fe, NM 87505
>
> 505 670-9918
> Santa Fe, NM
>
> On Mon, May 30, 2022, 4:53 AM Roger Critchlow <rec at elf.org> wrote:
>
>> https://www.washingtonpost.com/technology/2022/05/29/molly-white-crypto/
>>
>> -- rec --
>>
>> On Fri, May 27, 2022 at 8:17 PM glen <gepropella at gmail.com> wrote:
>>
>>> Ha! No, I won't be buying any NFTs. I do still hold out some hope for
>>> distributed computation, however naïve. My Ada is staked. And I'm
>>> sporadically re-piqued by FileCoin and AR. But the anti-crypto rants are
>>> fantastic. Perfect examples of healthy criticism. This one was a lot of fun:
>>>
>>> Web3.0: A Libertarian Dystopia
>>> https://www.youtube.com/watch?v=u-sNSjS8cq0
>>>
>>> On 5/27/22 17:02, Roger Critchlow wrote:
>>> > The longer-form, less sarcastic thoughts on web3 are also good
>>> reading, https://blog.mollywhite.net/blockchain/ <
>>> https://blog.mollywhite.net/blockchain/>, though the rate at which
>>> things are going great is pretty hilarious.  Who knew the future would
>>> bring us serial rug-pullers?
>>> > -- rec --
>>> >
>>> >
>>> > -- rec --
>>> >
>>> >
>>> > On Fri, May 27, 2022 at 6:31 PM Marcus Daniels <marcus at snoutfarm.com
>>> <mailto:marcus at snoutfarm.com>> wrote:
>>> >
>>> >     So you won’t be buying commemorative NFTs of the Heard/Depp
>>> verdict?
>>> >
>>> >      > On May 27, 2022, at 1:51 PM, glen <gepropella at gmail.com
>>> <mailto:gepropella at gmail.com>> wrote:
>>> >      >
>>> >      > ...and is definitely not an enormous grift that's pouring
>>> lighter fluid on our already-smoldering planet.
>>> >      >
>>> >      > https://web3isgoinggreat.com/ <https://web3isgoinggreat.com/>
>>> >      >
>>> >      > --
>>> >      > Mɥǝu ǝlǝdɥɐuʇs ɟᴉƃɥʇ' ʇɥǝ ƃɹɐss snɟɟǝɹs˙
>>>
>>>
>>> --
>>> Mɥǝu ǝlǝdɥɐuʇs ɟᴉƃɥʇ' ʇɥǝ ƃɹɐss snɟɟǝɹs˙
>>>
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