Current Events > The metaverse is dead

(+) Yeah! (+)

I can't think of any single ordinary person who thought the Metaverse was going to succeed. It was hyped up into space by crypto bros and corporate bandwagoners.

CableZL posted...

Didn't people spend a bunch of money for virtual land in the metaverse?

https://www.youtube.com/watch?v=J7uwEtisWoY

It's fascinating to see how they all immediately pivoted to AI stuff as soon as ChatGPT gained momentum.

What's the funniest Metaverse moment? Paris Hilton and Jimmy Fallon shilling their monkey NFT's has gotta be on there. Or when Walmart had that weird ass event where there was a virtual guy on a stage talking to a couple of crappy looking avatars.

Y'know ps home from ps3? That looks more compelling than this meta turd. And its more than a decade old!

https://youtu.be/0DUQS4xrD6I

Solo_Wing posted...

Y'know ps home from ps3? That looks more compelling than this meta turd. And its more than a decade old!

https://youtu.be/0DUQS4xrD6I

I have to admit, I was kind of addicted to PS Home lol. I met some cool people on that, and we're still friends even a decade later.

[LFAQs-redacted-quote]

WHY

[LFAQs-redacted-quote]

not even close

it was basically taking miis from the wii cutting their legs off and having them stand in a small empty world and forcing expensive VR technology to do nothing in said VR world

i'm surprised twitter is still alive with musk

Nice

VR overall has a similar issue 3D has.

Like it's a cool experience but the hassle of it is always going to be a tough barrier to overcome. It's not worth being the actual standard. Convenience will always trump novelty.

I cant believe a goofy app where kids shout the n word all day beat out a mega corporation.

Should have appealed to coomers.
People want VR advancement for one thing and to think otherwise is naive.

Vyrulisse posted...

Should have appealed to coomers.
People want VR advancement for one thing and to think otherwise is naive.

This. Thats why vr chat is still dominant

AceMos posted...

whats sad is those of us where smart enough to call web3 crypto NFTs ect a scam

are gona get lumped in with these idiots in a decade or so no one will believe we where smart enought o call it out

with that said, not a scam outright, rather technology inappropriately marketed prior to establishing proper pmf or maturity (with a few exceptions) by venture capitalists and fellow travelers looking for a quick buck.

Punished_Blinx posted...

It's fascinating to see how they all immediately pivoted to AI stuff as soon as ChatGPT gained momentum.

with the exception of presumably opportunistic influencers, non-specialized vcs, and serial grifters, the folks working on reputable projects in various domains have not pivoted elsewhere because there are different skillsets required.

TheMikh posted...

with that said, not a scam outright, rather technology inappropriately marketed prior to establishing proper pmf or maturity (with a few exceptions) by venture capitalists and fellow travelers looking for a quick buck.

with the exception of presumably opportunistic influencers, non-specialized vcs, and serial grifters, the folks working on reputable projects in various domains have not pivoted elsewhere because there are different skillsets required.

Nice

TheMikh posted...

with that said, not a scam outright, rather technology inappropriately marketed prior to establishing proper pmf or maturity (with a few exceptions) by venture capitalists and fellow travelers looking for a quick buck.

no it was a scam from the start

the entirety of crypto was built by the ppl who caused the 2008 finical crisis to scam ppl using the exact same tactics even

techbros are not actually smart genius inventors

they just say random shit to sound smart and ppl who dont know what they are saying think they are indeed smart and then give the moron all their money

everything connected to web 3 was always a scam there was never any pure intentions involved with it

from the moment the first line of code was written it was all abotu taking as much money away from the poor as possible

AceMos posted...

no it was a scam from the start

the entirety of crypto was built by the ppl who caused the 2008 finical crisis to scam ppl using the exact same tactics even

blockchain was invented in response to the opaque financial structures and practices that caused the financial crisis and the the unaccountable flooding of wall street with cheap liquidity for the next decade and a half to "fix it." the vcs i criticized as inappropriately capitalizing on the technology - particularly in 2021 - were major beneficiaries of this liquidity glut, but they did not cause the financial crisis. those who did likely had a similar mindset though.

techbros are not actually smart genius inventors

they just say random shit to sound smart and ppl who dont know what they are saying think they are indeed smart and then give the moron all their money

"techbros" develop technologies, pitch them to vcs with deep pockets, vcs invest in said developers, and then proceed to market the hell out of their technologies in order to (a) sell their stake for profit to other vc firms in private equity rounds, or (b) ultimately dump the shares on retail investors in an IPO (or ICO).

i'd argue that developers who are effective first movers in various domains would qualify as brilliant inventors, but once there's an industrial trend in motion (vcs trying to invest in or push "the next x" or "the y of z"), there are diminishing returns with respect to innovative output.

i'd also argue that rather than "trying to sound smart," they tend to be incredibly effective and substantive communicators because it's required in order to get past the relentless diligence of vc analysts, at least before "trends" happen. having personally met with a couple such vc firms and working with "techbros" and alumni of vc firms, they can be phenomenally intelligent people.

but where pmf or earnings multiples are not up to par for companies and projects, the tragedy is that retail markets with an excess of discretionary spending potential are easy pickings. this is also why the simping epidemic exists.

everything connected to web 3 was always a scam there was never any pure intentions involved with it

web3 is fundamentally just peer-to-peer web services with version control - nothing more, nothing less. the grossly inflated valuations it commanded in '21 were a product of vc-driven hype years ahead of maturity, but its value prop is clear and definitely has its place, like torrents and onion routing before it.

however, that value prop is meant for developers to use as infrastructure behind the scenes, not for retail investors to speculate on. once again: short vc time horizons resulted in the perverse incentive to slap grotesque monkey faces on distributed state version control infrastructure and dump it on retail.

from the moment the first line of code was written it was all abotu taking as much money away from the poor as possible

developers who set out to rob people do not make it far. the concepts and innovations that informed the underlying technology were pioneered by academics and political radicals; the underlying technology itself, 10-15 years later by a number of the same people; vcs arrived 5-15 years after that when they saw easy money to be made.

TheMikh posted...

blockchain was invented in response to the opaque financial structures and practices that caused the financial crisis and the the unaccountable flooding of wall street with cheap liquidity for the next decade and a half to "fix it." the vcs i criticized as inappropriately capitalizing on the technology - particularly in 2021 - were major beneficiaries of this liquidity glut, but they did not cause the financial crisis. those who did likely had a similar mindset though.

factually false

the bank collapse happened do to a lack of regulations

the very thing crypto sells its self on

and yes ppl involved int he bank collapse where involved in pushing crypto

Starks posted...

He was a fool to declare the metaverse when technology wasn't there yet.

It was there. They are called MMORPGs

Lol Zuck even rebranded Facebook for this shit

AceMos posted...

factually false

the bank collapse happened do to a lack of regulations

yes and no. regulations aren't some big catch-all bandage that can be slapped on (or removed from) the gangrene that is the financial sector to make all undesirable activities go away. regulations are precisely that - regulations on the flow of a large, perhaps even infinite range of possible instruments and activities. in the case of the gfc, there was a "lack of regulations" on the emergent response by the financial sector to existing regulations introduced in the 90s affecting the ability of financial institutions to avoid risky loans - in the name of expanding housing ownership, of course.

because so much of the paper value of our economy necessarily exists in an abstract hyperfinancialized hellscape rather than real production, those loans were packaged and repackaged into manmade horrors beyond one's comprehension to hide the risk from god and trade it like pokemon cards behind closed doors.

which was all fine and dandy until mid-00s interest rate hikes caused the house of cards to implode with no survivors. we're witnessing the beginning of a similar phenomenon unfolding in different ways right now. we had 16 years to "regulate" it, but fact of the matter is that there will never be enough regulations to control or anticipate the full range of possibilities.

the very thing crypto sells its self on

the chief difference between traditional finance and crypto is that in crypto, the manmade horrors are transparent: you can blindly trust what people say, or you can verify the data yourself. in traditional finance you can only trust, whether it's the word of banks or that of government regulators they've paid to look the other way. crypto also tends to be overcollateralized with respect to its lending practices, mitigating systemic risk in that regard on reputable services, though it's less "efficient" than mainstream finance.

and yes ppl involved int he bank collapse where involved in pushing crypto

please offer some evidence for this. i'd be interested to learn how the likes of a cs phd from britain, a teenage wow addict from canada, and a russian big mac connoisseur caused the great recession. hell, even the people that went on to form a16z - the primary vc pushers of the 2021 crypto narratives - were still building enterprise web services at the time of the financial crisis.

https://www.youtube.com/watch?v=YQ_xWvX1n9g&list=LL&index=142

ok here is your proof

Hilarious and awesome

Was it ever even alive

AceMos posted...

ok here is your proof

you linked a two and a half hour video. that's tantamount to saying "it's in the bible, look it up." provide a timestamp or quotes.

TheMikh posted...

you linked a two and a half hour video. that's tantamount to saying "it's in the bible, look it up." provide a timestamp or quotes.

crypto shills like you always make excuses when confronted with facts

AceMos posted...

crypto shills like you always make excuses when confronted with facts

facts:

1. you made a claim, and a baseless one at that
2. you refuse to clearly substantiate it
3. you have instead resorted to name-calling

SpiritSephiroth posted...

It was there. They are called MMORPGs

yeah RuneScape 2 came out a long ass time ago

Unless we get hyper realistic immersion at some point, VR will never catch on.

Oh no

Anyway

Why did it look so bad. PS home looked better and it was 20 years ago.

cjsdowg posted...

Why did it look so bad. PS home looked better and it was 20 years ago.

It had to run on the shittiest portable VR possible.

Zuckerberg screwed up hard. He geneally didn't think the pandemics profits would end, same for the rest of big tech tbf. And underestimated just how far away we were still from something like ready player 1.

And even if it did make significant progress the equipment was far to expansive for the masses to ever sell and churn a profit anytime soon.

Prismsblade posted...

Zuckerberg screwed up hard. He geneally didn't think the pandemics profits would end, same for the rest of big tech tbf. And underestimated just how far away we were still from something like ready player 1.

And even if it did make significant progress the equipment was far to expansive for the masses to ever sell and churn a profit anytime soon.

He also missed the memo that ready player one happened because real life was an dystopian wasteland with nothing good left in it anymore.

how can something be dead when it wasn't even alive to begin with tho?

I'll never forget the legless avatars.