3 ms·
You need to look beneath the surface. There is a fundamental difference. In Web3, not everyone can post pictures, only those who are rich. Furthermore, it is de
by mywaifuismeta 5y ago
You need to look beneath the surface. There is a fundamental difference. In Web3, not everyone can post pictures, only those who are rich. Furthermore, it is decentralized. Decentralized! No government can take away your cat or anime waifu picture! Web3 is also more than that. It is a platform. VCs love platforms. On this platform, anyone can create money and claim it's worth something! If you do this right, you can cash out before anyone notices! Kind of like overvalued startups sold to clueless buyers, but without all the middlemen.
- hirako2000 5y agoit's a bit like saying that with the discovery of threaded cotton, we will soon replace whatever it is we used to make clothing and make everyone pay premium for the new material, only the rich won't end up naked. Yes some business models are money grabs, no face value add, but to represent the potential of web3 which itself is still unknown is an over simplification and focus on the bad side of what's been happening in the space. don't brush the valuable uses cases away. guaranteed immutability, integrity, and even anonymity, all of that through trustless networks that guarantee incentives for the maintainers of those network can't honestly be so narrowly represented. Fun preview though of what will be mistakenly built on networks such as Eth that is nowhere near scalable for this kind of use case.