Critical Resources on Crypto/NFTs/Web3
A lot of people I speak to have yet had little contact with the crypto world, by which I mean anything surrounding public blockchains, crypto-currensies like Bitcoin, Non-Fungible Tokens aka NFTs and the idea of web3 that is built on top of all that. I end up recommending the same resources again and again for learning about these things from a very critical and sceptical perspective. So here the are:
Dan Olson’s (@FoldableHuman) video essay “Line Goes Up” is a hugely helpful piece. It’s absolutely worth the time. Also there’s good jokes in there:
A good follow-up on that is Olson’s appearance on The Financial Diet (@TFDiet) where he and @Chelsea_Fagan go into some of the criticisms of “Line Goes Up” and look more into how this affects personal finances.
If video isn’t your cup of tea, here’s a very good article by @tante (several translations linked at the top: German, Swedish, Portugese, Italian): The Third Web, by tante
That article also comes with a handy FAQ: tante’s Blockchain/Web3 FAQ
If you’d like to listen to podcasts instead, @techwontsaveus (hosted by @parismarx) has several good episodes on the subject. I’d start with “Web3 is a Scam, Not a Revolution” with @smdiehl
A good follow-up on that is “Web3 is Not Going Great” with guest @molly0xFFF
Speaking of which, I also recommend following Molly’s project @web3isgreat. It’s both hilarious and scary and gives a nice look into the more obscure day-to-day stuff in the crypto world.
Ok, that should be enough to get anyone started. Good luck, I know it’s an incredibly obtuse subject (that’s not an accident) but I’m sure you’ll make it. I might add to this list if I find newer resources that I think are helpful for an entry level understanding.