| So, the thing is, all of these things fall into two categories. Either purely technical solutions, or previously solved problems. For example, IoT scale global 5G networks you can roan into? That's a solved issue already. Same for programming bounties, proof of humanity, UBI, transferrable assets (though Bitcoin is in some ways more transferable) etc... Others are fully technical problems, like fully private digital transfers. Others yet are pretty much just temporary workaround. The fact that you can send remittances to Lebanon or Venezuela was never inherently problematic because of the instability of their currency, rather, it's because the government (in some cases other governments) decided to make it more difficult. If a government wanted to, they could make sending remittances via crypto just as difficult as by any other way. NFTs as a funding model is not inherently different from the existing comission and copyright system. What NFTs brought was hype, which made people who wouldn't previously comission artwork to now do so. Attesting ownership or transfering ownership of a piece of art with a contemporary author is not more difficult without than with NFTs. Especially because you still need to trust whoever minted the NFT. There are few, actual, real world problems that have been solved by Web3 tech. I wish it wasn't the case, but it's true. The fundamental issue is that Web3 tech can't fully replace centralised institutions. So we need to build centralised institutions anyways. If those fail, it can provide some palliation, as long as they don't fail so hard the government tries to fight it. So in the end, it doesn't truly solve any problem in the real world, though it can in some situations act as a Bandaid. |
Lebanaon, Turkey and Venezuela are very much part of the real world!