Confession: I Barely Use Web3
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Confession: I Barely Use Web3
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Re: Confession: I Barely Use Web3
#2The penny-- er, satoshi-- finally drops, eh? Even the true believers are starting to wake up.
Re: Confession: I Barely Use Web3
#3> Confession: I Barely Use Web3
Barely anyone uses Web3, Crypto is just about entirely for financial speculation now.
In context the author is a founder of Auditless - "a strategic partner to crypto companies helping design & develop new protocols".
Re: Confession: I Barely Use Web3
#4I'm a web3 guy. Big believer in blockchain, and I know web3 is not limited to that. I think the consequences of blockchain tech might take several decades / centuries to become apparent ("the Romans had steam engines", etc).
When you take a break from it and come back you notice the significant usability hurdles with little-to-no functionality payoff to justify them.
The vast majority of people simply do not need a less trust-based, more complex financial system.
Re: Confession: I Barely Use Web3
#5I'm a web3 guy. Big believer in blockchain, and I know web3 is not limited to that. I think the consequences of blockchain tech might take several decades / centuries to become apparent ("the Romans had steam engines", etc). When you take a break from it and come back you notice the significant usability hurdles with little-to-no functionality payoff to justify them. The vast majority of people simply do not need a l…
At the end of the day, web3 is just the web with a new payment processor (a blockchain)
That payment processor just has no support, no UX team, no security team, and nobody to hold accountable.
It’s actually a more trust based system than what we have. Instead of trusting a single payment provider, you need to trust a wallet extension, the website you’re on, and the contract you’re interacting with.
Any failure in judgement is also irreversible.
It’s just a really bad solution to a problem most people don’t even know exists.
Re: Confession: I Barely Use Web3
#6Breaking: Web3 devs reach sentience before AI.
Re: Confession: I Barely Use Web3
#7"Web3"? Wow, that's a blast from the past.
Re: Confession: I Barely Use Web3
#8> Confession: I Barely Use Web3 Barely anyone uses Web3, Crypto is just about entirely for financial speculation now. In context the author is a founder of Auditless - "a strategic partner to crypto companies helping design & develop new protocols".
> financial speculation
And money laundering and sanctions avoidance… and bribery.
Re: Confession: I Barely Use Web3
#9I'm a web3 guy. Big believer in blockchain, and I know web3 is not limited to that. I think the consequences of blockchain tech might take several decades / centuries to become apparent ("the Romans had steam engines", etc). When you take a break from it and come back you notice the significant usability hurdles with little-to-no functionality payoff to justify them. The vast majority of people simply do not need a l…
> The vast majority of people simply do not need a less trust-based, more complex financial system.
I work at a bank. Do you know where the complexity comes from ?
It is all derived from: (1) risk management and (2) regulation compliance.
Crypto is simpler because it can't be bothered to take either seriously.
Re: Confession: I Barely Use Web3
#10I guess 2024 is the year "we're selling the future" and "the right side of history" strats were nerfed. Though, I suppose, they were just a disguised form of FOMO which will be perennial. At least, this is one a generation should now be inoculated against.