this post was submitted on 09 Dec 2021
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Technology

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[–] UtopianRevolt@lemmy.ml -1 points 2 years ago (1 children)

I don't know. Everything I've heard about Web3, aside from blockchain and cryptocurrency, is about a free web that transcends the need for central platforms.

Decentralized finance, Decentralized marketplaces, Decentralized social media...

Maybe I'm romantacizing the idea too much, but it personally represents the next step of the political revolution that we've been witnessing.

[–] M500@lemmy.ml 1 points 2 years ago (1 children)

I agree, I see web3 as decentralized platforms. I host matrix-synapse and once I get time to do it I am going to host peertube, mastodon, pixelfed, and lemmy instances. I do not really do much with crypto except occasionally invest a really small amount of money in it.

I would like to be able to use crypto for transactions, but I know that most places do not accept it just yet. I have had a bank not be able to override a fraud warning at a grocery store that is a national chain. Also for international currency transfers. Banks do not make this cheap or easy, but I can send crypto almost instantly and the fees are basically non existent.

[–] UtopianRevolt@lemmy.ml 1 points 2 years ago

I find it very funny that a lot of people in this instance seem to be vehemently against blockchain because of pyramid schemes and other scam as if cold hard cash (or any currency for that matter) doesn't suffer from the same problem.