[rglullis]

> If you live somewhere where the police (...) can make you whole in a dispute, not a lot of need for web3. (...) somewhere where that isn’t the case (...), that’s a better product market fit for web3.

Being part of a "functioning society" is not a static property and even less so in this globalized world.

Try coordinating work with a team distributed around the world and you will see that your functioning institutions do not help your colleague in Venezuela, Argentina, Syria or Ukraine. And if you don't have/know people from these places, ask yourself why. Try helping a Brazilian immigrant living in the US that wants to get their savings to buy property back home, see how painful/inefficient it is to send anything over $2-3 thousand. Suddenly your appreciation of "web3" increases.

And even just in your own developed country, there is no guarantee that things will stay functional forever. Just look at the US and the events of January, Hong-Kong, or any country that was a former state of the USSR and needs to worry about Vlad.

A decentralized web that does not depend on the functional institutions is insurance: you pray that you will never use it, but you should be glad to know it is there if you need it.