Comment by wslh | Hacker News Reader

Comment by wslh | Hacker News Reader

As an insider in Web3, the reality of blockchain platforms/foundations is that, majorly, they benefit a very specific group of investors, incumbents, and the governance is super centralized. Basic cronysm hidden beyond the decentralization placeholder, building super-advanced technologies that almost always has some more milestone to be delivered or adopted. Hundreds of similar ZK*, VMs, etc.

I don'like to like the SEC and I think a confrontation between the SEC, Coinbase, and other incumbents is positive. On the other hand I know that majorly the decentralization blah blah blah is just a distraction trick, that fraudsters execute faster than entrepreneurs in this space.

Finally, the real winner for transactions right now is Tether, the top used centralized stable coin in the ecosystem which volume greatly surpasses the top cryptocurrencies like Bitcoin and Ethereum. This is a fact.

> "Finally, the real winner for transactions right now is Tether, the top used centralized stable coin in the ecosystem which volume greatly surpasses the top cryptocurrencies like Bitcoin and Ethereum. This is a fact."

It's almost as if the "web3" product which people actually want is to move dollars illicitly and sometimes to spend them gambling on a 24/7 casino.

Everyone that uses cash are shaddy and only use it for illicit activities.

The pressure from the SEC and other regulators has definitely improved the space

We would all still be doing 2013-style cryptosecurities without them and most of the more refined infrastructure wouldnt have been developed

But this is a very shitty evolution of antifragility

It is still routing around those regulators, and the SEC will never achieve investor protection and the legislature should direct the agencies more holistically

I'm sorry but this largely reads like an advertisement. "As an expert I recommend this product!" with no backing of facts or actual informative explanation. Which is worrying considering the nature of cryptographic currencies that is being full of shady scams.

Where is the advertisement? What am I advertising?

you think that was an advertisement for Tether simply because it was mentioned? that wasn’t a recommendation it was an observation which is easily corroborated

responses to crypto asset posts are such a weird blindspot in this tech centric community for over a decade now, when does the conversation evolve? why don't we talk about Solidity versions here, or design patterns, or node software here.

such an obvious forum for it but instead we get these non-sequitur responses

It is because of a simple human affliction: Getting old.

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