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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Mark Brendanawicz 🤗
@MJBrendanawicz
crypto use cases: remote storage/compute that is unregulated/uncensorable prediction markets (already illegal) without a designated authority that determines the outcome of every bet (meaning you can bet on more things) private/unregulated/fast transfers tax compliance for ^
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Daniel
@growing_daniel
I haven't seen the storage/compute story fleshed out. NFTs don't even store on the blockchain. Urbit isn't useful. How is this supposed to work
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Daniel
@growing_daniel
Replying to
@growing_daniel
and
@MJBrendanawicz
And the fast transfer thing doesn't seem like a feature of cryptocurrencies. Sure the crypto you like that hasn't scaled in transactions but you promise it will fine, but I've seen enough of those promises broken
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Mark Brendanawicz 🤗
@MJBrendanawicz
Replying to
@growing_daniel
you're thinking of something like predictit? the regulations it complies with make it not useful. only 5,000 ppl each limited to $850 can bet on a question. so little profit motive and people with more conviction cant bet more. thus the prices dont reflect actual likelihoods
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