Do You Need Web3?(doyouneedweb3.com) |
Do You Need Web3?(doyouneedweb3.com) |
A lot of web3 does that, too.
Wanting a decentralised web and to become the dominant financial platform have some conflicts of interest.
Besides email, BitTorrent, Tor, and Bitcoin (and to some degree projects that form their ideas), there’s not a lot of successful, widespread decentralised protocols, and the ones we’ve got are even subject to constant invasion by dominating platforms (e.g. Gmail for email).
Also, i blocked the "much needed" google font, apparently for no loss. Nice example how much bonkers are todays web-doers.
[0] https://blog.runcloud.io/google-fonts-gdpr/#why-using-google...
Hawala is a method of money transfer dating to the 8th century. You give some money to a broker, they take some cut, then communicate to a broker at the other end to give the person you specify the amount you requested be delivered. Then the brokers settle accounts independently in a fashion that suits them. In this way it has the same non-banking cross-border benefits that cryptocurrency does (and for privacy may even be preferable since the transaction doesn't appear on any standardized nor public ledger).
It also ranges in legal status from illegal to highly illegal depending on jurisdiction, as it turns out this is a very convenient way to fund terrorism (because it's proven to work for people who are disconnected from official financial channels). It's also used for perfectly innocent purposes, but because it cannot be monitored due to the peer-to-peer nature of the transactions between brokers and individualized bookkeeping it's banned.
I consider its legal status to be a canary for the status of cryptocurrency's role in cross-border transactions. The bits that are effective will eventually be banned (we've already seen this in practice with the recent conviction of that Ethereum founder who was trying to help North Korea evade sanctions with cryptocurrency) and the bits that are the same as the banking status quo will be allowed, making it effectively no different from the status quo.
hurray for https everywhere... or else it is [big red warning] insecure.
The problem is cryptocurrency taking over decentralization, and removing some of the advantages(Its usually not fully partition tolerant or suitable for an emergency when your area only has crappy inefficient mesh nets, phones, and 20w solar panels)
ho ho
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so laugh
But they knowingly post it here anyway to try and waste your time and rack up low effort reactions. To each to their own.
However, does that also mean it is all going to collapse and go away 100% guaranteed because you don't need it now?
EDIT to OP (Hates_): Since you are the OP and also the creator of the site, just to ask this question: Why was your tweet deleted after you posted this here? [0] Care to explain?
EXCEPT!!! Startups that have to return some money to VCs, soon.
You know buzz-driven-tech and not actual returns ...
Does that also mean it is all going to collapse and go away 100% guaranteed because you don't need it now?
I'm afraid that both of them are setting themselves up to being disappointed.
