So then the ceiling of adoption for this entire ecosystem is Tor or BitTorrent at best. Far cry from the "next internet" it is being touted as.
That's a strong claim. Depends a lot on what the regulatory landscape is going to look like in the future. I'm guessing you're no more a Congress insider than I am.
Having used both defi and traditional financial infrastructure, defi definitely feels a lot, lot more frictionless to me, at least while acting within the Ethereum ecosystem. Time will tell, but I find it hard to believe such frictionlessness won't eventually force its way into the world.
Re:The Web3 Fraud
by mattwilsonn888 on Friday December 17, 2021 @11:23AM
(#29594303)
Why would that be a good comparison? If Tor offered comparable services to crypto then we wouldn't be talking about crypto as something different and more advanced than Tor, which it fundamentally is.
Like I've said elsewhere, this is "for better or for worse," depending on your political sensibilities. Again, I think Tor is a good example here. Lots of CP on Tor, or so I hear. But also persecuted journalists and whistleblowers, and safer drugs than you'd find on the streets. You can't realistically say "I want X to be outside the reach of tyrannical governments, but not Y." It's an all-or-nothing deal. By its very nature, these sorts of libertarian technologies will attract all the illegal parts of society -- for better or for worse.