Aaron Parecki

Startups don’t just “run out of money.”

They wait too long to address problems while they had money.

Failure doesn’t usually happen “to” startups.

Problems are rationalized until it’s too late. Too much money multiplies this problem.

there have been *so many* good attempts at decentralized web prior to this cryptocurrency garbage, and there will be many more after it.

Dear world: It is perfectly possible to imagine a radically-decentralized Web and simultaneously disbelieve that basing it on blockchain is necessary or even desirable.

But de facto, the term “Web3” now means “buy my cryptocurrency” and is thus polluted, probably beyond repair.

“So, Mark, what attracted you to the Metaverse?”
“Well, I read this book about how the government secretly built a virus that takes over your brain when you look at a QR code, and makes you into a nonsense-babbling slave, and thought it was a logical extension of Facebook.”

1992: the internet will be like Snow Crash
2021: the facebook will be like Snow Crash

OAuth is a standard for protecting an app from being stolen or copied by other people.