Nanalyze August 7, 2023
Opulent spending and excessive waste characterize overhyped technologies as they crest the peak of inflated expectations. You’ll be hard pressed to find a technology that was more hyped than blockchain. From initial coin offerings to non fungible tokens, the promise of Web 3.0 powered by blockchain technology has been embarrassingly underwhelming. The biggest issue with the technology has been the blockchain trilemma. The perfect blockchain boasts three elements: security, decentralization, and scalability. Pick two, but you’ll never have all three.
For many venture capitalists, crypto is that embarrassing drunk friend who you don’t want to be around, but that you feel obligated to support because that’s what friends do. Everyone plods ahead with the mixers in New Yawk City where...
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