"Instead of a technology achieving mass adoption and creating a culture in its wake, much of the crypto movement is a durable culture that is waiting for its mass-adoption product and trying to spin up technologies that augment the culture."

"Here’s where I see Web3 as a culture in search of its killer technological application."

"Now, I realize that one can make a compelling and true argument that the wealth generated by and the popularity of bitcoin and Ethereum can be classified as mass adoption** of a technology (blockchains) and that the culture surrounding crypto is proof of the cycle behaving normally."

"It’s an extremely confusingly-worded paragraph that eventually concludes that culture moves too fast to be captured by the media, and thus we may not realize the future is here until it arrives."

"The existence of a culture does not prove that the culture is durable or important."

"Cryptocurrency has rapidly accelerated to absorb venture capital and talent in the same way that buzzy industries tend to, as tech talent tries to search for the next big thing that can give them a giant equity payout (as they should!)."

"What have NFTs, cryptocurrencies and Web3 done better than anything else out there? What new discoveries have they made that have improved their lives?"

"People want the shortcut to wealth that crypto vaguely promises and are prepared to lie to protect that dream."

"he promise of a decentralized, autonomous organization sounds lovely until you see it in practice - because any system in which votes are transactable is not democratic and also suffers the same problems as actual democracy (the ability to manipulate people into doing things against their interests based on half-truths or outright lies)."

"Whenever news breaks there is a critical time frame where terms are established to describe what is happening."

"When I started covering companies like Uber, I found myself increasingly encountering these problematic terms. These included Silicon Valley-speak like “pivot,” 4 “friction,” “innovate,” “disrupt,” “platform,” and “startup,” but also big, baggy words like “freedom” and “efficiency.”"

"Being deemed a “tech” company is a massive brand boost. “Tech” corporations have traditionally had high consumer favorability ratings and have not been scrutinized like firms in other industries."

"These are markets that are magnitudes more volatile than the stock market, and even more illogical - a cryptocurrency does not have to be “good” to be worth something, it simply has to have some level of viral appeal mixed with the right market manipulators buying into it."

"this is a carousel of concepts that add little to society other than absorbing resources and potentially harming people."

"I just mean that we are seeing thousands of different fintech products being created out of seemingly nowhere, but they’re being marketed as functional pieces of technology that do something other than the generation and manipulation of speculative assets."

"Please remember the subprime mortgage crisis."

"While development may be happening on these platforms and things may be being created, until someone is actually able to show you a functional piece of software that is better than what’s out there there is no reason to act as if it will happen."