Web 3.0 – An Arrogant and Treacherous Successor Doomed to Fail

Re:Web 3.0 – An Arrogant and Treacherous Successor Doomed to... by weego on Tuesday November 22, 2022 @02:39PM (#33710276)

This is the standard US centric viewpoint driving this nonsense. Every other developed nation and a lot of lower developed nations solved this long enough ago that it's not even thought about.

I have to use my physical card maybe once every 2 months/once per quarter as an anti-fraud step. My phone contactless pays for everything, and anything it can't (like a car or whatever) I can do sub 2 hour but in practice instant bank to bank transfer.

Moving money instantly and without transaction costs is a decade plus ago solved problem

[ Parent | on HN ]

Re:Web 3.0 – An Arrogant and Treacherous Successor Doomed to... by spaceman_2020 on Tuesday November 22, 2022 @02:51PM (#33710451)

You do know that international transactions are a thing, right, and that UPI doesn't work globally?

[ Parent | on HN ]

Re:Web 3.0 – An Arrogant and Treacherous Successor Doomed to... by ix-ix on Tuesday November 22, 2022 @03:04PM (#33710670)

Yes, but the vast majority of people aren't sending money globally.

And the other commentor is right, using credit cards in any non-american country is super simple and completely without hassle. Same with sending money to anyone I know, I just need their email address or phone number. Happens in seconds, is completely safe and ensured and best of all, reversible if there is a mistake.

[ Parent | on HN ]

Re:Web 3.0 – An Arrogant and Treacherous Successor Doomed to... by nailer on Wednesday November 23, 2022 @04:49AM (#33717126)

> Moving money instantly and without transaction costs is a decade plus ago solved problem

Where? Having lived in various cities in Europe, Asia and Australia, I can assure you, Visa and Wise and Remitly is still taking from half to 3 percent of all your transactions.

[ Parent | on HN ]