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It's going slower than the WWW but I feel it could be just as big. There are major problems with big banks, social networks, and the advertising model of the we
by svachalek 6y ago
It's going slower than the WWW but I feel it could be just as big. There are major problems with big banks, social networks, and the advertising model of the web and crypto can solve all of this: decentralization, democratization, and micropayments all in one. No doubt it will create its own problems but there is big potential. Just look at what's going on with Ethereum and Defi instead of the older generation of deflationary currencies.
But you are right, there are way too many attempts at new networks and currencies, when we need to be consolidating around the best of those and building up the application layer. I think there are huge opportunities for people who create the killer apps for crypto.
- qeternity 6y agoWhy do people still lump crypto and micropayments together? Decentralization is always going to be less efficient and thus more costly than centralized equivalents which makes it just about the worst solution for micropayments.