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by drog 1642 days ago
I think that main web3 innovation is more like mindset innovation rather than more common technology innovation that improves performance, efficiency, etc.

Take bitcoin as an example, of course you can make internet money cheaper using centralized service but it would be bad because you have to put a lot of trust into someone’s hands. That culture and mindset grows into whole finance applications where you get defi and property rights where you get nft. Nft is not only digital art you can use nft to represent domain names and this will cut out authority middle man out of the equation - your keys your domain, it’s impossible to do with web2.

Some people dismiss these as important but that’s what people in crypto are concerned with - replacement of unnecessary middleman, gatekeepers, regulations with transparent cryptography and code. If you subscribe to this values than you add new constraints and previous solutions that can be better and faster no longer work.