On the anti-regulation aspect, my subjective reading of the web3 community is that very few of its members hold strong anti-regulation stances whereas most just want less bureaucracy. For example, a16z, an investor in OpenSea and a number of other web3 companies, writes this on their policy page:
We are radically optimistic about the potential of web3 to restore trust in institutions and expand access to opportunity. But realizing that potential depends on smart policy. Good regulation establishes a framework for how innovation can benefit society while managing the real risks that might otherwise harm consumers. It’s time to define that vision.
It’s interesting that you bring up the dot-com bubble angle. I can’t remember where I read it, but I found a stance that basically said the bubble was good because it injected a massive amount of money into the web market, so after the bubble burst, there were a lot of people trained to build web apps, people that could be hired for less-than-crazy amounts of money, which in turn led to the slow, steady growth of the web in the second half of the 00′s. Kind of like priming the pump.
I like to think that this may be one outcome of what’s happening with web3--that the buildup of talent will lead to building high-utility blockchain-based applications, especially in the coordination problem space.
On the anti-regulation aspect, my subjective reading of the web3 community is that very few of its members hold strong anti-regulation stances whereas most just want less bureaucracy. For example, a16z, an investor in OpenSea and a number of other web3 companies, writes this on their policy page:
It’s interesting that you bring up the dot-com bubble angle. I can’t remember where I read it, but I found a stance that basically said the bubble was good because it injected a massive amount of money into the web market, so after the bubble burst, there were a lot of people trained to build web apps, people that could be hired for less-than-crazy amounts of money, which in turn led to the slow, steady growth of the web in the second half of the 00′s. Kind of like priming the pump.
I like to think that this may be one outcome of what’s happening with web3--that the buildup of talent will lead to building high-utility blockchain-based applications, especially in the coordination problem space.