Re:Keep the web free, say no to Web3 (2021)
by logicalmonster on Monday May 23, 2022 @11:00AM
(#31479880)
> how useless it is
Very often on HN, we see new stories about how Payment Provider X stole $$$ from some individual/group/business, ruining their lives. Or we see governments blocking bank accounts from doubleplusungood protesters.
I cannot understand how people see this kind of thing happen all of the time and then rationalize that there's no conceivable use cases for crypto.
There's also stories about lost wallets, crypto scams, contracts gone wrong, damage to the environment, shortage of chips and graphic cards, and so on.
To put it short: web2 is bad, web3 is worse.
It is capitalism at its maximum exponent and the only thing that managed to do is more wealth concentration (of USD BTW)