People talk grand about "permissionless data" but I fail to see any practical applications. NFTs are a scam and are retroactively obsoleted by digital signatures. All of the ideas about logistics tracking, deed tracking, etc etc are all rendered pointless by the oracle problem, you can get identical guarantees with digital signatures minus the blockchain.
DeFi is DOA. Gas fees are insane, "layer 2" is just a diplomatic way of saying "offchain centralization", every DeFi scheme is a money loser relative to just buying eth and waiting for a pump, "collateralized" loans where you pay coin so someone will loan you coin is not a valuable use-case to the vast majority of the population...
None of this is about giving power back to individuals, it's all about making money on mining fees and cryptocurrency speculation.
People talk grand about "permissionless data" but I fail to see any practical applications. NFTs are a scam and are retroactively obsoleted by digital signatures. All of the ideas about logistics tracking, deed tracking, etc etc are all rendered pointless by the oracle problem, you can get identical guarantees with digital signatures minus the blockchain.
DeFi is DOA. Gas fees are insane, "layer 2" is just a diplomatic way of saying "offchain centralization", every DeFi scheme is a money loser relative to just buying eth and waiting for a pump, "collateralized" loans where you pay coin so someone will loan you coin is not a valuable use-case to the vast majority of the population...
None of this is about giving power back to individuals, it's all about making money on mining fees and cryptocurrency speculation.