this post was submitted on 12 Jun 2023
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My 2c, the development around Ethereum isn't really that dystopian or scammy, and there's still promise for decentralizing financial institutions. A lot of people tried to cash in on it is all. Was just reading an article about the gold rush around marketing cereal ~1860-today, companies loading it with sugary and cartoon marketing to brainwash kids, etc., but that doesn't mean cereal is bad for you.
someone tried making a Reddit clone called Plebbit and it was built on the Ethereum network, avatars had NFTs, the UI was similar to new Reddit, was clunky, extremely unresponsive and its mascot was the NPC wojak meme so it's just a 4channer trying to swindle money. To actually make an account you had to pay for an address LMAO
Yes, a lot of people saw easy money and tried to cash in on fads. Remember the "Million Dollar Website"? Just because that was stupid doesn't mean the internet was a scam.