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A comment on An embeddable and customizable fiat-to-crypto onramp. Parent comment

Re:An embeddable and customizable fiat-to-crypto onramp by EGreg on Thursday December 01, 2022 @04:44PM (#33823291)
The point of Web3 is smart contracts.

Voting that you can trust

Governance and managing Roles publicly

Currencies with own monetary policy

Contests and fair judging

Fundraising

Escrow

https://community.qbix.com/t/why-do-we-need-web3-and-web5

[ Parent | on HN ]
Re:An embeddable and customizable fiat-to-crypto onramp by jiggawatts on Thursday December 01, 2022 @09:10PM (#33825844)
You just listed a bunch of things with well-established standard solutions that do not need crypto in any shape, way, or form.

Voting is already trustworthy in most countries and organisations.

Governance has been a thing for literally millennia without crypto.

Currencies... I mean sheesh, do I need to list every real-world, huge-scale, widely used example of how all of this is already happening and has been since like the dawn of history!?

[ Parent | on HN ]
Re:An embeddable and customizable fiat-to-crypto onramp by EGreg on Sunday December 04, 2022 @08:23AM (#33853483)
Why can’t this argument be used against any new technology?

They said exactly this about the Internet… why do you need it? See all the well established solutions at the time:

https://m.youtube.com/watch?v=tgODUgHeT5Y

[ Parent | on HN ]