Replying to KentuckyChicken

Management who don't understand the basics of a immutable data structure should really stop funding dumb block chain projects. Billions in capital was wasted during the web 3 craze.

So many start ups trying to use single node block chains as slow postgress instances.

Then called their slow ass database with extra steps web scale.
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sommerfeld 1y ago

Makes me seriously doubt their technical competence on anything else tbh

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KentuckyChicken 1y ago

I was interviewing with a block chain startup. Because they were using a golang postgress stack. What I usually code in.

I asked everyone who interviewed me how they planned to generate revenue with their "smart contraccs".

Not a single developer could give me a straight answer.

They had hundreds of millions in funding.

No real plan to make money.

And I'm sure they never did.

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sommerfeld 1y ago

This is a transfersal issue in today's VC world. Most startups have absolutely no plan on how to monetize, they are just winging it. Cheap money enables this

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KentuckyChicken 1y ago

It's so weird to me. I'm not interested in a start up that will just lay me off in two years with a bunch of worthless stock. The whole point of going to a start up is company equity.