1,651 karma · joined March 28, 2011
www.jordhy.com/about
Everybody fails at many things multiple times in their lives. Just try to manage failure gracefully and get things in order before trying again.
The typical builder class is better off importing, subcontracting or outsourcing key value add operations. This creates several vacumms: local talent, cheap infrastructure (since decreased consumers increase prices) and, finally, weaker supplier networks.
Over time, these loops combine and grow, making it harder and harder for companies to compete. Incumbents exit the market unless governments step in and provide incentives that either offset externalities or reduce operations costs for corporations. As an example please check this article about the Mac Pro production in America: https://www.cnn.com/2019/09/23/tech/apple-mac-pro-united-sta...
Bitcoin provides millions with a free bank account. That is the single best example of the value Web 3 provides. But you choose to avoid it. You also chose to overlook the Livepeer example, and even the entire Coinmarketcap list.
I think you should just continue looking the other way, because you just don't understand what's happening. No problem, in a decade you will.
Also look up IPFS here https://ipfs.io - that will disrupt Amazon S3 among other services.
Tokenization and ownership are huge. Ecosystems like Stacks (https://www.stacks.co/explore/discover-apps) have hundreds of Web3 apps already running and providing value.
The value provided by Web3 is simple: now you can program property and ownership on the web.
This changes banking, finance, publishing, social media, etc. It's a huge change because users can take their data across platforms and avoid lock in. Imagine a single social profile that works across platforms (one single profile for Facebook, Twitter, Insta, etc). The possibilities are endless.
I suggest you keep digging in and make up your own mind. Don't let dismissive one liners dissuade you from learning.
Disclosure: I'm a founder of Web3 protocol called Bitfari.
Today we use wireframes and Adobe XD mock up as most of the products are mobile/web-based.
The formal specification of software practice started to fade when product managers came into the software development lifecycle. Back in the day, technical managers and information architecs would make detailed specs detailing everything about an upcoming platform. Only to see have of it be change by a manager/business stakeholder.
Today the push is for speed and cost reduction - fail fast and break things. It's really not as bad as it sounds but way worst.
Become resilient by building layers of enjoyment. When problems come, use these layers to dissipate pain. Hope this helps.
Disclosure: I'm building a cryptoDAO in a competing ecosystem (Stacks)
What would it take to get you to read the bitcoin white paper and comprehend that bitcoin was not created as an investment vehicle but as an electronic cash system. So Wall Street is speculation on bitcoin. What did you expect?
Bitcoin is as useful at $100 dollars as it is at $1 million. Why then are we fixated on price when this technology can change millions of lives? Let's talk about the many awesome things we can do by coding trust into a decentralized Internet. Price is just a footnote.
What we need in high technology is a website to manifest our needs and let companies know about underserved use cases. Yes, it's pathetic that Logitech and Apple don't have compelling products in this field but, sadly, it is what it is.
The state of the art is to revert to previous tech or invent new solutions when social damage has become clear. Sadly, some times this is not possible and we are left with open problems bigger than the initial ones we encountered. Consider for example climate change, the birth of the precariat social class, declining birth rates, etc.
Technology can be good but it has to be created, nurtured and regulated to such a purpose.