Web3 is not Decentralisation – it’s a Ploy to put Crypto Bros in Charge

Re:Web3 is not Decentralisation – it’s a Ploy to put Crypto ... by returnInfinity on Wednesday December 01, 2021 @05:28AM (#29402465)

I agree with some of the points you make

But I agree with Stan Druckenmiller that Bitcoin is a brand now and is an asset. It has finally found its purpose.

Also crypto for cross border transactions, unless regulations kill them

And DeFi for cross border finance, again regulation can kill this.

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Re:Web3 is not Decentralisation – it’s a Ploy to put Crypto ... by ryan_lane on Thursday December 02, 2021 @12:32AM (#29412872)

Something being a brand isn't a purpose.

Cross-border transactions are an incredibly niche use-case, and my guess would be that it's primarily used for money laundering. AML laws will probably kill this off, since you still need to turn that crypto into fiat to use it.

DeFi's purpose is avoid taxes on crypto gains. Otherwise, it's the worst form of banking possible.

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