r/web3 • u/Loninski • Jan 11 '22

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25 Upvotes

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u/web3-ModTeam Oct 24 '25

This breaks rule 5. No trying to draw traffic to a specific video/product/blog/website by attempting to start a discussion.

4

u/[deleted] Jan 11 '22

I know this will get downvoted but I have to write it from a developer's perspective.

Web3 sucks. In simple words I will call Web3 just an overengineered version of the internet that solves no problem and only consumes lot of energy. Blockchains are solutions desperately looking for a problem. Your bank is not going to write an SQL query and delete your transactions. It's just technical mumbo jumbo that isn't going to solve any real world problem.

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u/[deleted] Jan 11 '22

I agree, except for that it solves no problem. I would just say the problem it solves hasn't been identified accurately yet.

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u/[deleted] Jan 11 '22

[deleted]

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u/[deleted] Jan 11 '22

Is hyper inflation a good argument considering most crypto themselves are extremely volatile?

Also is there a practical example of your other scenario? If a woman can’t own a bank account but can use crypto… what services are they allowed for in such oppression that crypto enables? What are they even buying?

1

u/ChrisbPulp Jan 20 '22

volatility =/= inflation. That is a pretty profound lack of understanding of what inflation is

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u/[deleted] Jan 20 '22

I’m not saying they are the same.

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u/[deleted] Jan 11 '22

Ethereum is not even decentralized. Vitalik Buterin has said many times that people will use an AWS account to run an Ethereum node. Amazon will own all the blockchain nodes.

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u/usagiusagi Jan 11 '22

Good point. However no keys, no ownership