3 ms·

I'm a dev/CTO full-time in Web3, we work on smart contracts and all that, we spend 0 time thinking about payments and finance. You're talking about DeFi, there'

I'm a dev/CTO full-time in Web3, we work on smart contracts and all that, we spend 0 time thinking about payments and finance. You're talking about DeFi, there's a LOT more stuff in web3 now that can only be classified as finance as much as any startup that uses Stripe to collect money can be classified as "finance".

ShamelessC 5y ago
> I'm a dev/CTO full-time in Web3, we work on smart contracts and all that, we spend 0 time thinking about payments and finance. You're talking about DeFi, there's a LOT more stuff in web3 now that can only be classified as finance as much as any startup that uses Stripe to collect money can be classified as "finance". Apologies, as an outsider I'm sure I have used some conflated terms. To clarify, I was explicitly referring to smart contracts (and the like). These programmed arrangements carry with them the minutiae and stress of what I imagine programming at a bank or large financial institution would be like. Coding a bug in a smart contract or at a bank can have very severe consequences. It should be done with the utmost care by highly skilled persons, not your average web programmer (which is the position you are taking by calling this stuff Web 3 and when, for instance, Ethereum decides to base its smart contract language on JavaScript). While this is true for some specific segments of the current internet, it is not inherently true. Or rather, as a programmer, I can choose to avoid such fraught tasks.