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by lfuller 1547 days ago
If a company didn't care about security or other "abstract cybersecurity concerns" and instead only cared about selling something to their users, why would they use something like blockchain which is entirely based on abstract technical and cybersecurity concepts instead of existing web technologies which are more efficient and easier to use?
1 comments

In this scenario, presumably so that it can market itself as a Web3 company, which is the Future of the Internetâ„¢ and will attract investors. After all, the vast majority of NFT buyers and other crypto holders are in it to make money for free, not because they want to buy and sell real-world goods and services; as long as their money doesn't get stolen, they don't really care about the cybersecurity aspects. Even when cryptocurrencies are used as a medium of exchange or transfer, the main cited advantage is ease of use. I suspect that this comes only from the lack of regulations, and that it will die once governments start cracking down on exchanges, but perhaps I'm just being too pessimistic.