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> It's much easier to "sell" web3 to someone that has lived with dysfunctional institutions and has faced one of its many problems, whether it is hyperinflation
by dmitriid 5y ago
> It's much easier to "sell" web3 to someone that has lived with dysfunctional institutions and has faced one of its many problems, whether it is hyperinflation that leaves poor people with no perspective to save, or systemic corruption that shuts the citizens of any quality service
I have lived in such countries (Moldova, in the 90s; Turkey, early 2000s). I wouldn't touch this web3 shit with a 1000-ft pole. All this narrative about "poor people" and "dysfunctional institutions" usually comes from relatively wealthy people in stable countries whose idea about "poor people" comes from watching a Netflix overproduced dramatic documentary.
web3 is more unstable and volatile than the absolute vast majority of existing countries (including most of the "dysfunctional" countries), and its only modus operandi is "pay to play" which surely makes wonders for the "poor people".
- rglullis 5y ago> usually comes from relatively wealthy people in stable countries whose idea about "poor people" comes from watching a Netflix overproduced dramatic documentary. Ok, I was born in Brazil and I experienced 40% per month inflation in the 80s and I saw a government confiscating everyone's saving accounts as part of a "economic plan". I also saw another government putting a tax of 0.38% on every financial transfer (does not seem like much until you think of all the cascading effects) and I can tell you how little of all those taxes came back to the people in the form of public services. Are you satisfied with my credentials or are you going to continue with the gatekeeping? > web3 is more unstable and volatile If you are talking about Bitcoin (or crypto currencies in general given how BTC unfortunately still makes its own gravity in the crypto market), I will 100% agree with you. But web3 does not need Bitcoin to exist.
- dmitriid 5y ago> government putting a tax of 0.38% on every financial transfer (does not seem like much until you think of all the cascading effects) Unlike crypto/web3 which checks notes puts a tax on everything > If you are talking about Bitcoin (or crypto currencies in general given how BTC unfortunately still makes its own gravity in the crypto market), I will 100% agree with you. Bitcoin's price fluctuation in the past year is 200% Etherum's is ~300% Monero, 330% ...