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I frequently find myself in talks with web3 people. The talking points are usually - this system is broken; blockchain addresses this! - fiat is made out of th
by mrhands556 5y ago
I frequently find myself in talks with web3 people. The talking points are usually
- this system is broken; blockchain addresses this!
- fiat is made out of thin air; blockchain has scarcity!
All the arguments fail when you start prodding actual implementations / use cases that are used today. Outside of 3rd world countries where prepaid calling cards were a store of value not long ago, I don’t think crypto would address anything that we couldn’t do and do well today.
- qeternity 5y agoI try to be as open minded as possible. I fully accept that web3 has enough people who are thrashing about that it’s not likely to disappear, and they may even find a usecase. But I despise people who pontificate with obviously zero experience about incredibly complex topics like rates markets. I spent most of my career as a hedge fund trader, and it boils my blood when people with zero experience speak with authority. And this coming from a person who has just spent the past few months building an enterprise oracle network. I’m not against crypto, but just don’t misrepresent so called “legacy” solutions because anyone with actual knowledge will eviscerate your argument.
- exdsq 5y ago> Outside of 3rd world countries where prepaid calling cards were a store of value not long ago This is still a huge market