8 Crypto & Web3 Skeptics You Should Follow

Much has been said about online echo chambers in recent years.Algorithms slowly but surely surround us with people and content that show us more of what hardens us to our pre-existing belief systems and renders us unwilling or worse still, unable to entertain opposing views.

Much has been said about online echo chambers in recent years.

Algorithms slowly but surely surround us with people and content that show us more of what hardens us to our pre-existing belief systems and renders us unwilling or worse still, unable to entertain opposing views.

This has become painfully obvious with political polarization reaching fever-pitch levels in the age of both Trump and COVID.

But it’s not just political polarization we need to worry about.

We are who we are based on what goes into our minds — and so the way we see the world, the way we think, what we choose to do, and ultimately our outcomes in life, are directly influenced by our online diets.

Web3 is Fascinating, But…

Web3 is a fascinating and fast-evolving space, brimming with creativity, and has the potential to radically change the world — hopefully for the better, but it is not without its problems.

And if you’ve surrounded yourself with nothing but web3 evangelists on crypto Twitter, Discord servers, and Reddit, you might be navigating the world through a distorted lens.

When navigating uncertain and fast-changing waters in business and in life, it makes sense to first gather different perspectives to help make more informed and better decisions.

Failure to do so in the world of web3 might result in wasting our time, money, and energy, on projects and so-called opportunities that ultimately go to zero, leaving us scratching our heads wondering what went wrong.

This is why it pays, literally, to follow alternative and opposing perspectives from folks who are skeptics, or at least, a little bit more tempered when it comes to their crypto-optimism.

With that said, here are eight folks you should follow on Twitter, if you’re not already doing so.

No, this doesn’t mean you have to agree with what they say. Just listen. Doing so just might give you a more balanced worldview so you can better invest your time and money, and if nothing else, might just inch you towards being just a little less self-righteous.

Scott Galloway

Galloway is a Professor of Marketing at NYU Stern, host of the Pivot Podcast, and commentator on all things big and small tech. He has recently published a number of articles expressing skepticism about web3, and pointing to the fact that crypto is incredibly unequal, despite the slogans and mantras of its evangelists.

Follow him @ https://twitter.com/profgalloway

Listen to my podcast ep with Galloway here.

Jason Calacanis

‘J-Cal’ is one of the world’s most accomplished and famous — or infamous — angel investors.

He co-hosts the delightful All-In and This Week In Startups podcasts and isn’t afraid to speak his mind about crypto — once calling blockchain startups ‘the Chuck E Cheese of startups’.

While J-Cal has expressed skepticism about crypto and web3, he also acknowledges the opportunities web3 presents, and so expect balanced and nuanced takes. He might not be ‘all in’ on web3, but he at least has some chips on the table, having recently purchased some NFTs.

Follow Jason on Twitter @ https://twitter.com/Jason

Listen to my podcast ep with J-Cal here.

Peter Schiff

Schiff is Chief Economist and Global Strategist at Euro Pacific Capital, hosts The Peter Schiff Show, and has long been an aggressive critic of Bitcoin, almost to the point of appearing unable to consider the possibility that it might have any utility.

Follow with caution @ https://twitter.com/PeterSchiff

Stephen Diehl

Diehl is a writer and programmer who has published a number of weighty essays arguing against crypto and web3.

Follow him @ https://twitter.com/smdiehl

Rufus Pollock

Pollock is an author and the founder of the Open Knowledge Foundation. He has maintained a GitHub repository of crypto critiques that are well worth checking out, to give you a contrary perspective to the one you might currently hold.

Follow him @ https://twitter.com/rufuspollock

Dan Olson

Olson is a video essayist and streamer, and the man behind the video, Line Goes Up: The Problem with NFTs.

Follow Dan on Twitter @ https://twitter.com/FoldableHuman

Nouriel Roubini aka Dr Doom

Roubini is CEO at Roubini Macro Associates, and an NYU Professor Emeritus, and has been vocal about how Bitcoin is subject to heavily manipulation, and FOMO-driven pump-and-dumps.

Follow him @ https://twitter.com/Nouriel

Joseph Stiglitz

Stiglitz, winner of the Nobel Prize in Economic Sciences, and author of 15 books on economics, and social progress, has been very vocal against crypto, going as far as saying that “we should shut down the cryptocurrencies” in a 2019 interview, stressing concerns about illicit activity.

Follow him @ https://twitter.com/JosephEStiglitz

Final Thoughts

One thing to be very wary of is that once someone’s identity is wrapped up in an idea — and it works for them, and supports their vested interests — it takes a lot of humility, self-awareness, and courage to course-correct, and publicly declare “I was wrong”.

So take what people say — optimsists and pessimists alike — with a grain of salt, do your research, and come to your own conclusions.

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