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The whole selling pitch is about replacing intermediaries, and that's what most tech giants are. P2P payment systems and P2P collateralized loans are already t
by reflexco 4y ago
The whole selling pitch is about replacing intermediaries, and that's what most tech giants are.
P2P payment systems and P2P collateralized loans are already there more or less working with a clear path to scaling. If they gain adoption they directly obsolete existing fintech companies.
I'm not saying there's much concrete stuff there yet, but web3 has a clear MAGMA hostile discourse, so it's natural that reactionary feelings arise when web3 gets hype (deserved or not, that's not the point).
- ahtihn 4y agoBig tech isn't fintech and that's about the only thing that could be threatened. Even for fintech there's a lot of value in providing a streamlined user experienced on top of crypto so there's still room for intermediaries. See how many people primarily use CEXs. > Web3 has a clear MAGMA hostile discourse I really don't see it. There's nothing in web3 that threatens any of these companies.