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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

Jul 4

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 ^

Daniel

@growing_daniel

Jul 4

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

Daniel

@growing_daniel

Jul 4

Prediction markets are legal, I've used them many times. And making a call on what actually happened requires a central authority.

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and

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

8:05 PM · Jul 4, 2022Twitter Web App

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and

“We just have a few technical hurdles to overcome!”

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we might be talking about different things here. it's not going to be faster than credit card purchaes at your local grocery store. but it'll be faster in situations where the transfers are legally required to be slow. international transfers take days.