> The main idea IMO is just relying on people to be willing to buy into whatever new thing has a lot of marketing and hype behind it. They consistently do. Even

> The main idea IMO is just relying on people to be willing to buy into whatever new thing has a lot of marketing and hype behind it. They consistently do. Even if web3 is a truly open system, people will remain too apathetic to learn how that system works - they will just go to the most popular platform and pay the fee Then why not do it on web2? Web2, as it relies on trusted authorities, is fundamentally cheaper to run than web3. > It is possible to replicate an ETF with relatively low effort by just looking up their holdings every month and rebalancing, yet most people pay the ETF fees. ETFs rebalance without incurring capital gains, which is a massive advantage.