And that's why web3 frustrates me to no end. Decentralized services were common in the "old" internet, web3 just takes than and adds a layer of ponzi and speculation on top of them.
If bittorent was invented today you'd have to buy into some pyramid scheme to use it.
Beyond that having a trusted third party does suck for some things, but at least it means that I have a recourse if something goes wrong. With cryptocrap I'm one hack away from losing my life savings, my domain, the history of all my transactions and even my monkey pictures!
If bittorent was invented today you'd have to buy into some pyramid scheme to use it.
Beyond that having a trusted third party does suck for some things, but at least it means that I have a recourse if something goes wrong. With cryptocrap I'm one hack away from losing my life savings, my domain, the history of all my transactions and even my monkey pictures!