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A simple maxim: web3 cannot succeed when the underlying currency is a good investment. Actual web3 users, if they exist, have to convert IRL money to coin to p
by helen___keller 5y ago
A simple maxim: web3 cannot succeed when the underlying currency is a good investment.
Actual web3 users, if they exist, have to convert IRL money to coin to power a dApp. Thus, the price of coin rising against IRL money represents inflation in the cost of using the dApp.
In this fashion, web3 is similar to housing. The enthusiasts want it to be a great investment, but to be best for fulfilling human needs it should be a poor investment. The only difference is you can’t opt out of needing shelter.