Conversation

Daniel
@growing_daniel
Has there has ever been a technology more devoid of actual applications while getting as much funding as web3? Web in 99 was mostly clear utility stories. Some weren’t ready, some were. Nobody can explain how web3 shit creates actual utility. Just mumbling about new tech.
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KT
@scathinggirl
My view has been that insurance is the one application where I could really see how web3 serves it better than web2 but haven’t seen any projects take off (probably bc less lucrative than grifting)
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@scathinggirl
Replying to
@growing_daniel
There’s no real value / alpha for policyholders to have their insur. money pool managed by insur. cos. I see a logical case for instead pooling money through a DAO, investing the pool into agreed upon allocation of index & bonds, and then smart contracts for payouts
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