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Comment by pavlov | Hacker News Reader

I worked at Facebook in 2021, and NFTs were like a honeypot for the most useless managers.

If I were Zuck, I might start another crypto project next year and ask for volunteers because it seems like a pretty good way to extract the worst performers into a neat org chart box that can be shut down without breaking anything else.

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Anecdotally, as someone trying to hire, the vast majority of candidates with Web3/NFT or whatever on their resume can't pass our phone screen. It's a pretty good selector for finding better talent.

Or with metaverse, only idiots would work on that.

John Carmack is hardly an idiot.

John Carmack publicly criticized the intentional pursuit of "the metaverse" at Meta while he was employed at Meta.

"I have been pretty actively arguing against every single metaverse effort that we have tried to spin up internally in the company from even pre-acquisition times."

https://tech.slashdot.org/story/21/10/29/2144232/john-carmac...

I'm sure this is a great strat that companies already use.

- Recruit people to a new project that has a selection bias towards under-performers (or some other characteristic you want to weed-out)

- Let the project rot for a quarter

- Cut the project and all its teammates

> Recruit people to a new project that has a selection bias towards under-performers (or some other characteristic you want to weed-out)

More than under-performers, I think these kind of projects tend to attract those with shiny object syndrome or political ambitions.

This could be a symptom of Facebook and not software as a whole. I mean, you could say the same thing about what’s happening in AI and large corporations. Same for IoT etc.

No, you couldn't, because the other things have useful applications, and can possibly work.

You could use blockchain based transactions to reduce overhead and complexity. Here’s JPM doing it https://cointelegraph.com/news/jp-morgan-executes-first-defi...

Have you ever tried steelmanning your arguments?

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