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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KT
@scathinggirl
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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EzPTY
@ezzpty
Smart contracts. It meets criteria - follows - execution of code.
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EzPTY
@ezzpty
Aren't the adjustments based in a set of parameters? If it's arbitrary, I can see innovation playing a role. Only time will tell, my friend.
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Lady Red in Israel, Bianalle, Yellowstone
@ladymcscope
99% of the time someone says “well everyone wants to do X but because of <reason>, we have to do tedious/boring/idiotic thing Y”, the reason is insurance. It forces us to bow to totally imaginary risk. The four horsemen are insurance, compliance, litigation and regulation
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