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Comment by wslh

As an insider in Web3, the reality of blockchain platforms/foundations is that, majorly, they benefit a very specific group of investors, incumbents, and the governance is super centralized. Basic cronysm hidden beyond the decentralization placeholder, building super-advanced technologies that almost always has some more milestone to be delivered or adopted. Hundreds of similar ZK*, VMs, etc.

I don'like to like the SEC and I think a confrontation between the SEC, Coinbase, and other incumbents is positive. On the other hand I know that majorly the decentralization blah blah blah is just a distraction trick, that fraudsters execute faster than entrepreneurs in this space.

Finally, the real winner for transactions right now is Tether, the top used centralized stable coin in the ecosystem which volume greatly surpasses the top cryptocurrencies like Bitcoin and Ethereum. This is a fact.

parent wslh 3 years ago

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