Web3 is Going Great Reviews and details

Social recommendations and mentions

• Formula E Team Fires Its AI-Generated Influencer After Fans Balk

  Someone will make the AI equivalent of https://web3isgoinggreat.com/. Since AI is admittedly not pure hype but has some real successes (and because it can't be measured in $ like crypto), I'd like it to have 2 columns, "successes" and "failures". Articles where a company announces a plans to use AI, company replaces workers with AI, or there is some rumor will be in the center. Articles where AI works as intended... - Source: Hacker News / 4 months ago

• Chief executive of collapsed crypto fund Hyperverse does not appear to exist

  Https://web3isgoinggreat.com has no shortage of content. - Source: Hacker News / 4 months ago

• Tether Reveals Partnerships with Secret Service, FBI

  When you're running low on funds, just mint yourself $1bn Dec 26, 2023 Tether mints $1B USDT for ‘inventory replenish’ [0] Sep 19, 2023 Tether authorizes $1B USDT to ‘replenish’ Tron network [1] Feb 3, 2021 Tether pays $18.5 million in penalties; NY Attorney General alleges they don't have the cash reserves they claim [2] [0] https://cointelegraph.com/news/tether-1-billion-usdt-inventory-replenish [1]... - Source: Hacker News / 4 months ago

• OpenAI Announces Leadership Transition

  You need to read https://web3isgoinggreat.com/ more. - Source: Hacker News / 6 months ago

• Why Banks Are Suddenly Closing Down Customer Accounts

  It's not the bank you need to worry about in DeFi , e.g. https://web3isgoinggreat.com/. - Source: Hacker News / 6 months ago

• Sam Bankman-Fried might not be the last crypto criminal

  Just follow Molly White on https://web3isgoinggreat.com/. - Source: Hacker News / 6 months ago

• Sam Bankman-Fried found guilty

  Of course. First, she calls the industry, "a grift". I've been in deeply into crypto since 2012 and dismissing peer-to-peer digital cash nothing but a "scam" in 2023 ignores a decade of progress and hard work, not to mention an actual working product used by thousands of people a year. Main exhibit would be her editorializing (not reporting) of the industry with her site, https://web3isgoinggreat.com/. Here she... - Source: Hacker News / 6 months ago

• Reddit mods dumped tokens hours before blockchain program termination

  Yes, and it is insider trading under US law.[1] But for a few thousand dollars, the SEC probably won't go after them. The SEC is busy dealing with the billion dollar scams. There's about one crypto enforcement action every two weeks.[2] Not enough, but it's having an effect. Meanwhile, 27 more crypto crashes/scams/thefts/rug pulls just this month.[3] [1]... - Source: Hacker News / 6 months ago

• Mastercard ends Binance card partnership in latest blow to crypto giant

  If there's herd behavior, it's because it's so easy to cite examples of crypto fraud and false promises, and for many (but not all) in the tech sector fraud is verboten. https://web3isgoinggreat.com/. - Source: Hacker News / 8 months ago

• Judge to revoke bail for FTX founder Sam Bankman-Fried over witness tampering

  Yes. So far, just for August: "August 10, 2023 -- Bittrex settles with SEC for $24 million" "August 7, 2023 -- Bitsonic CEO arrested for allegedly stealing $7.5 million" "August 7, 2023 -- Rumors swirl that Huobi executives have been arrested, exchange is insolvent," "August 7, 2023 -- Worldcoin warehouse in Nairobi raided by authorities"[1] Crypto companies are running out of safe havens for unregulated activity.... - Source: Hacker News / 9 months ago

• Two Students Shoot Down a Widely Believed Math Conjecture

  Any relation to the defunct crypto on-ramp? https://web3isgoinggreat.com/?id=wyre-finally-shuts-down. - Source: Hacker News / 9 months ago

• Worldcoin: A solution in search of its problem

  Lots of good analysis here, with the main flaw (imho) coming in last. These people may be book smart, but not experienced or wise, especially in building complex systems with high integrity and assurance. They cut too many corners, take too many intellectual shortcuts, assume away too many hard problems, minimize important constraints inherent in their chosen architecture, and clearly haven't really thought it... - Source: Hacker News / 9 months ago

• Worldcoin: A solution in search of its problem

  We really don't deserve Molly White but thank goodness we have her. For those who don't know she also runs Web3 is Going Just Great[0] [0]https://web3isgoinggreat.com/. - Source: Hacker News / 9 months ago

• Binance lays off over 1k Employees

  Everything you need to know about crypto today can be found at https://web3isgoinggreat.com/. - Source: Hacker News / 10 months ago

• Ask HN: What Happened to Web3 Startups?

  See Molly White's "Web 3 is Going Just Great"[1] She keeps a tally of all the scams. The total is now over $67 billion. [1] https://web3isgoinggreat.com/. - Source: Hacker News / 10 months ago

• I can not believe this job posting, they have to be trolling right?

  Future story on Web 3.0 is going just great!, no doubt. Source: 10 months ago

• I produced a matter-of-fact documentary film that exposes blockchain (and all its derivative schemes from NFTs to DeFi) as a giant unadulterated scam, AMA

  What bothers me most is the huge damage, theft, and scams that make up most of the crypto ecosystem. Peep https://web3isgoinggreat.com/. Source: 10 months ago

• Failure is Beating us to dreaming

  I'll just leave it here: https://web3isgoinggreat.com/. Source: 10 months ago

• Bitcoin: Addressing the Ponzi Scheme Characterization – Lyn Alden (2021))

  > Just because you don't think it is useful for you, doesn't mean that it is not legitimate. That's because it isn't legitimate at all. > It is what happens in the banking system all day long. What you've shown me is even worse as this isn't even regulated in any shape or form. We both know that what is happening with Tether is fraudulent as it is backed by nothing and not regulated. ^0, which means that... - Source: Hacker News / 11 months ago

• Crypto startup Wyre, once valued at $1.5B, officially shuts down

  Coverage on Web3isgoinggreat [1] "Wyre had been a partner of Binance US, through which Binance was able to accept USD deposits. However, Binance US is now the target of SEC regulatory action, and has suspended US dollar deposits. Wyre wrote in their announcement that the closure "is not due to any regulatory agency direction". Sure thing." Binance, already in trouble with the US SEC, is ceasing operations... - Source: Hacker News / 11 months ago

• The AI Hype Wall of Shame

  You do you, but I find sites like this a nice antidote to the opposite, which seems to be the norm these days. Sites like https://web3isgoinggreat.com/ I find not only amusing, but interesting and informative. The author was on Michael Lewis' recent podcast, and she was quite interesting as well. - Source: Hacker News / 11 months ago