Web3 is full of hype, ponzis and fraud, but as a builder it's easy to get excited about what can be built with permissionless, programmable money and tokens. "

Web3 is full of hype, ponzis and fraud, but as a builder it's easy to get excited about what can be built with permissionless, programmable money and tokens. "The only “utility” for a cryptocurrency (outside criminal transactions and financial frauds) is what someone else will pay for it and anything to pretend a possible real-word utility exists to help find new suckers." This is simply incorrect. Just as a simple example: Being able to accept money for freelance work (whichever country you reside in) without paying Upwork 10-20% of your pay or relying on other intermediaries is "utility" no matter how you twist or turn it. People who categorically dismiss cryptocurrencies or web3 as useful technology should probably check their biases.