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Let's say all crypto goes down in value 10% year after year in 2022 indefinitely. This shouldn't necessarily affect the value or necessity (or lack thereof) of

Let's say all crypto goes down in value 10% year after year in 2022 indefinitely. This shouldn't necessarily affect the value or necessity (or lack thereof) of Web3. Can Web3 practically succeed under these conditions? Unfortunately after engaging with many in person and on this forum, I've yet to hear a coherent strategy or purpose for Web3 that doesn't rely on centralized entities at any part of the chain, or rely on crypto going up.

christopherwxyz 5y ago
Consider that lots of companies have relatively small market caps relative to their profit mandate, and yet they still provide a crucial value to their customers. GE with a workforce of over 174,000 employees sells 75 billion dollars in goods and services, yet has a price to sales ratio of 1.37.
- ShamelessC 5y ago
  > Unfortunately after engaging with many in person and on this forum, I've yet to hear a coherent strategy or purpose for Web3 that doesn't rely on centralized entities at any part of the chain, or rely on crypto going up. Did you want to respond to the person? Or just chime in with a random anecdote about GE.