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Because open source software is the only alternative we know to the problem that was described, that has consistently liberated people everywhere it was introdu
by EGreg 3y ago
Because open source software is the only alternative we know to the problem that was described, that has consistently liberated people everywhere it was introduced. And utility tokens are a great way that was invented several years ago to monetize open source and turn it into a free market instead of only a gift economy.
Blockchain is the most widespread and proven way thus far to eliminate the middleman, and it’s there right now, you can deploy a token in a few minutes if you wanted. Many people here seem to keep repeating the mantra that “Web3 has no good applications” but here is one that literally solves the societal problem you are complaining about and has done so with IPFS, Ethereum, Polygon and many other permissionless networks.
It’s a wall of text because there are literally so many detailed examples, that I chose to engage in a few. I like to back up what I’m saying so people don’t think I’m just talking out of my ass. Now the ball is in your court to explain why you disagree anyway.
- pc86 3y agoI don't even know that I do disagree with you. I just don't think Venture Capital is some sort of existential threat, or by definition a problem (some specific applications of it, sure), so I don't think the blockchain solves any real problem out of the box. It's an interesting thing from a technical standpoint, and some interesting things have been built on top of it, and I made some money on BTC back before it was 5 figures. But you're not going to convince anyone to swap out VC funding for utility tokens by talking about Napster and FogBugz.