This is an overly theoretical description of a single potential benefit of web3.

How many people—even very technically skilled ones—read smart contracts in their entirety? Launching a crowdfunding platform backed by a smart contract should give it zero credibility by itself. Unfortunately, we popularized the idea that a smart contract equals zero trust equals you can actually trust it. None of which is true.

We moved even further away from that with upgradable contracts. Where is zero trust there? Yesterday’s Solend disgrace is a very clear proof of that.