Comment

Comment by MattGaiser

There are plenty of "obvious" benefits to permissionless innovation, i.e. people can act on new ideas very quickly and easily. DAOs theoretically allow for very easily managed crowdsourced investment.

What I do not see web3 addressing are the obvious downsides. Society had permissionless trade. Then people scammed others. Society had permissionless investment. Bad actors then scammed people. Permissionless is very vulnerable to code mistakes, as you cannot then go to a judge and get something reversed like with a regular contract.

parent MattGaiser 4 years ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton