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If there is anything you take from web3 or whatever is that it is a scam. For decades there is no use case whatsoever and it's just full of grifters trying to
by colesantiago 4y ago
If there is anything you take from web3 or whatever is that it is a scam.
For decades there is no use case whatsoever and it's just full of grifters trying to get rich.
I would like to challenge these grifters to name a legitimate, functional and valid use case that isn't speculation based or a scam that is part of web3.
- chrisco255 4y agoENS (Ethereum Name Service), Filecoin and Arweave decentralized, long term, content addressed data storage, POAP (Proof of Attendance Protocol), Sign In With Ethereum (using ETH public key for auth), USDC (digital USD, redeemable by a U.S. regulated bank, tradeable and programmable in smart contracts), zero knowledge strategy gaming like Dark Forest (https://zkga.me/ https://zkga.me/), etc etc. It's a very new space so there is a Cambrian explosion of ideas. I get that it's very hard to sift through and as an outside observer it's easy to focus on the failed evolutionary paths, but in situations like these, it will be only obvious in hindsight which applications turned out to be most useful to people. Even "speculative" or financial use cases are valid. Speculation is an important part about how markets function.