Re:Why Web3?
by synapse_soap on Thursday December 30, 2021 @12:14AM
(#29733865)
It's true that there's currently some regulatory arbitrage, but it's more than that. Our financial systems and products have been slow to change and have unnecessary friction and rent-seeking. Companies with competencies in fintech, insurtech, and web3 are building newer systems that provide a better consumer experience.
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Re:Why Web3?
by cycrutchfield on Thursday December 30, 2021 @02:24AM
(#29734514)
Like getting rugpulled? Or getting hacked and having funds unrecoverable? I’m not quite understanding the better customer experience you speak of.
Rugpulls and other hacks are a risk, but will become less of a risk over time as the tech gets more stable, and third party insurance solutions like Nexus Mutual become more widespread.
The better customer experience in the lending example is higher yields on savings and checking accounts.