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Really curious why you'd make this distinction? > web2 company Are web3 companies less fraudulent?
by EdwardDiego 3y ago
Really curious why you'd make this distinction?
> web2 company
Are web3 companies less fraudulent?
- BLanen 3y agoCryptobros try to pretend because "web3" is blockchain, that the blockchains will reveal anything bad before it can happen. Completely untrue, of course. There's always a real-world link(because otherwise nobody would be profiting(people want stuff)/nothing would actually happen)
- angio 3y agoAave cannot fake its risk parameters because it's fully on chain and anyone can check them. Crypto scams are always off chain (like FTX and many more) or have smart contracts that can be upgraded by anyone (but again, anyone can check that the contracts can be upgrade and by whom).