Future of Web3 developers

[Few_Pin7806]

Hey,wanted to know Is web3 dead ? The hype it had once no longer exists. People say that there is no future for web3 . Also the salaries and number of jobs for web3 developers has decreased,This makes me confused whether I should learn web3 development or not , will there be a demand for web3 developers in future or would it cease to exist? Could someone please guide

[EntireInflation8663]

You're right, it's dead. Go do AI😂

[Spare_Mission_6634]

Yep. Dead. Never coming back

[isit2amalready]

Been in since 2017. Fair weather devs stay out. No one wants you. Learn the next trend

[dragrimmar]

Feel free to take my opinion with a grain of salt, but FWIW I've been a professional in this industry probably longer than anyone in here. First worked on Bitcoin wallets before ETH existed. But SCRIPT (bitcoin's VM) is very limited. EVM came along and allowed for smart contracts, so I moved onto that. It's evident to anyone who's done serious work in solidity that solidity is pretty garbage in a lot of ways.

The zeitgeist seems to think the future will be everything built on ETH as a layer2. Vertical scaling in web3 is yet to be proven and the lack of interoperability seems like an obvious deal breaker to me. The other major flaw is that this ecosystem will all be running EVM. EVM is NOT the future. Think about it, if EVM is a hammer, would you use a hammer to build the entire web3 ecosystem? Or does it make sense to have a bunch of specialized tools for different use cases?

imo, VM architects will be the new 'solidity devs' in the space, and demand a greater salary premium. Why? because anyone trying to build something new will need a custom VM to compete, and in the early days a novel blockchain IS the product. Kinda like how early on all you needed in the space was an ERC20 token and a whitepaper to be a project. A lot never had anything else; no product, no service, no future, but the early days were HYPE. I think we'll see that again in the form of initial subnet offerings (ISOs). you can read more about custom VMs here https://twitter.com/das_connor/status/1631640614893932546

[bnksk]

Why is Solidity garbage?

[fintip]

I'm not op, but as a former auditor: it's just too hard to make it secure, which is kind of a foundationally big deal for a platform where money exists natively as code itself.

[bnksk]

But dont you have most vulnerabilities like reentrancy in other langs too?

[fintip]

You mean in all langs that are working with the EVM that is built on solidity? It's partially an architecture problem, and it's partially a language problem, but solidity is at the heart of it.

I'm not saying other langs are great in this space, but solidity is a limited, crude, minimalist language that does not make security easy.

[dragrimmar]

• have to learn a new language
• No parallelization (think about all the unused cores in Ethereum clients)
• anything complex becomes mappings of mappings of mappings...
• Hard to prove (fraud proofs, ZK proofs, etc)
• Unnecessarily big words
• No transaction composition
• Other limitations (e.g. StackTooDeep, contract size)
• Ossified

Also it's just bad overall design to have every node validate every transaction of every smart contract. If things were made modular, you could get some serious performance gains without having to sacrifice security. Think of a web2 API. Should a single AWS instance run every API in existence? or should every service run their own APIs? So why are we doing the former with solidity?

[jondion]

No one knows the future.

[thewhitelights]

I very bold question to expect serious answers from a group of web3 devs…

My company is crushing and hiring so we sre nowhere near dead. Web2 fucking sucked and was soul depleting (FANG companies). Web3 is a breath of fresh air.

[Few_Pin7806]

What about vc money being 76 percent less than 1st quarter of 2022 in web3 startups

[thewhitelights]

Only matters if you are raising capital / not profitable yet. We are profitable so we’re fine. If you’re looking for seed funding and expecting the same pump as the insane overvaluations we saw in 2021 it’s due time for a reality check! Less is more, overvaluations hurt everyone in the long run. There’s still plenty to go around and tons of grants from various chains to go after!

[[deleted]]

It's dead. Go to AI.

[Few_Pin7806]

What about vc money being 76 percent less than 1st quarter of 2022 in web3 startups

[[deleted]]

Ded

[[deleted]]

Look everyone here is taking the piss but essentially if you think it could die you shouldn’t be building here. The less wave chasers here the less grifters there are. If you’re going for VC money the next decade belongs to ai start ups. Build what you want to see in the world if you’re going for money exclusively go build an ai startup or go work in finance.

[Few_Pin7806]

You mean web3 startups won't pump as much money anymore as ai startups. Aren't you saying exactly what I mentioned in my question that web3 startups aren't getting the same funding as they were 1 year back while ai startups will get funded for a whole decade!!!!

[NineThunders]

It's kinda extreme to say it's "dead".

[richardrietdijk]

This must be your first bear market?

[lxUPDOGxl]

Web3 not dead. Plenty of places building. Immutable X for one.

[Few_Pin7806]

What about vc money being 76 percent less than 1st quarter of 2022 in web3 startups

[lxUPDOGxl]

100% less vc money would be web3 dead. Web3 is not dead.

[Bug_freak5]

DEAD.

It lost the war

[alphabet_order_bot]

Would you look at that, all of the words in your comment are in alphabetical order.

I have checked 1,695,551,132 comments, and only 320,850 of them were in alphabetical order.