4 ms·
What real product is there in web3 or defi? Explain without using abstract buzzwords and handwaving explanations.
by influxmoment 4y ago
What real product is there in web3 or defi? Explain without using abstract buzzwords and handwaving explanations.
- Drblessing 4y agoHere's a simple one: Remittance fees take a non-zero percentage of a developing nations GDP. [1] "The World Bank estimates that globally US$16 billion can be saved annually if remittance costs were reduced by a mere five percentage points." Regardless if the solution utilizes a blockchain or a cryptocurrency, you can agree that there is a problem, and ideally we could get remittance fees down to 0 or near 0. [1] https://www.lowyinstitute.org/the-interpreter/bang-buck-getting-most-out-pacific-islander-remittances https://www.lowyinstitute.org/the-interpreter/bang-buck-gett...
- influxmoment 4y agoyea bitcoin solved that and had nothing to do with the crypto movement or web3