Yes, I do agree with this. What rubbed me the wrong way was all the cynical people who would talk endlessly about how revolutionary the tech was and all the possibilities it opened to get others invested, but ran companies that were just casinos and actually could have simpler operations without the crypto parts! Most people in pre-NFT crypto has someone in their network who worked on an outright Ponzi scheme.
reply> but ran companies that were just casinos and actually could have simpler operations without the crypto parts
replyBut during the big buzz, the crypto parts were what got those companies any exposure at all.
Yes. It really was a toxic mess wasn't it?
replyHas cryptocurrency gone away?
replyA lot of the hype has, certainly the hype that propped up the companies the thread starter was referring to.
replyDing ding! Crypto still exists, but the tech grifters have all pivoted to AI and been replaced by MAGA grifters.
reply> but ran companies that were just casinos and actually could have simpler operations without the crypto parts
replyCreating a product for the sake of using a technology is a flawed order of operations. However, the glitz and glamour of a new money for a new internet is enticing with a lot of promise. I'm a crypto bro, but my crypto confidence has waned recently. My confidence in the USD has also waned.
> Social recovery wallets in general did not take off
replyERC7093 has finally added this
Improving or standardizing the approach is all well and good, but if it's not natively integrated into MEW / MM / Coinbase Wallet / Phantom it's sort of irrelevant. Argent was the best attempt but they failed so bad commercially that they pivoted to a google drive recovery mechanism and changed their name.
replyCoinbase does support ERC-4337 (which is actually the ERC I thought I mentioned above, apologies)
reply> Also see: https://m.xkcd.com/2501/
replyThe other day a neighbor asked me about AI. I said I wasn’t really up to date with things anymore. They asked: like what things? And then I said: like the Astra model that OpenAI released yesterday, I know nothing about it. And they were like: “bro, yesterday?! And you feel you’re not up to date?! Pfff”