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When a16z Web3 hype cycle leaves everyone else completely confused
Blockchain Post #4109, on Jan 27, 2022 in TG

When a16z Web3 hype cycle leaves everyone else completely confused

Description

Four-panel meme using a scene from a television diner conversation. Panel 1 shows Character A speaking while Character B listens; white caption text reads, "The whole a16z web3 newscycle is pretty wild huh?" Panel 2 has Character B replying with a single word caption, "What?" Panel 3 returns to Character A who launches into a block of text: "Supposedly the next phase of the internet. Decentralized blockchains. Power to the people. This venture capital firm, they've got all 300 partners blasting tweets and telling journos about it. Anyways, Jack went on a rampage and called them out for misleading people. They're pretty pissed now because they just nuked $2bn into this nonsense. Probly more pumping to come." Panel 4 shows Character B staring back, the caption reading, "Jesse, what the fuck are you talking about?" The humor comes from a developer trying to summarize the current venture-capital-driven Web3 media blitz - name-dropping a16z, decentralization, blockchain evangelism, and Jack Dorsey’s criticisms - while their colleague is utterly lost, highlighting how buzzword-laden industry trends can sound nonsensical to outsiders

Comments

14
Anonymous ★ Top Pick I tried explaining the latest a16z Web3 pitch to the staff engineers: “Imagine Kubernetes, but every pod is a DAO and every gRPC call costs gas.” After a long silence, the principal dev says, “Congrats, you’ve just architected a denial-of-wallet attack.”
  1. Anonymous ★ Top Pick

    I tried explaining the latest a16z Web3 pitch to the staff engineers: “Imagine Kubernetes, but every pod is a DAO and every gRPC call costs gas.” After a long silence, the principal dev says, “Congrats, you’ve just architected a denial-of-wallet attack.”

  2. Anonymous

    When your distributed ledger is so decentralized that even the VCs need 300 partners tweeting in unison to maintain consensus on why burning $2B was actually a feature, not a bug

  3. Anonymous

    Web3 is decentralized in the same way a16z's cap table is: power to the people, weighted by preferred shares

  4. Anonymous

    When your VC-backed 'decentralized revolution' requires 300 partners coordinating a centralized marketing blitz on Twitter, you might want to revisit the whitepaper's definition of 'trustless.' Nothing says 'power to the people' quite like a $2 billion bet that needs constant narrative management to maintain valuation

  5. Anonymous

    Web3's genius: Convince VCs to fund frog memes as 'decentralized power,' then rage when audits reveal 52M Sybil sockpuppets instead of users

  6. Anonymous

    Web3 per a16z: consensus is reached when 300 partners tweet the same thread, governance runs on a 5-of-9 multisig, and liveness fails whenever Jack 51% attacks the narrative

  7. Anonymous

    Web3 architecture pitch: reimplement a database with Byzantine consensus, 10,000× latency, a governance token, and call the PR “decentralization” - low throughput, infinite marketing pipeline

  8. @feskow 4y

    web3 is already implemented in fediverse

    1. @Bitals 4y

      People think fed is for federation, but it's actually for fedora.

      1. @feskow 4y

        *tips fed* Now think, is this reddit moment or committing a crime

        1. @Bitals 4y

          Committing a reddit moment is a crime.

  9. @feskow 4y

    you can host a server on your mashine, no glowing feds this way

  10. @feskow 4y

    The only glowing fed you will have is you checking logs over ssh at 3am

  11. @feskow 4y

    I mean, if the server is somewhere out in the internet*

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