Community Trust ScoreVerified
Brian Armstrong expressed: Exciting to see – every major fintech company is now doing something with crypto. Let that sink in for a moment. And most major social companies (Twitter, Reddit, Facebook). Gaming is next. Crypto is Web 3.0.
Community response: To be fair they are all doing something with Bitcoin.
To be fair, that’s true only for Twitter. Facebook, Stripe, Reddit – they’re all doing things with Crypto/Web3, not Bitcoin.
Everyone is doing something fantastic while Coinbase is teaming up with Sec and US government to build completely regulated surveillance exchange. I hope people understand what Coinbase is up to.
Meanwhile dinosaurs from the Jurassic period running the government are literally trying to kill it. Instead of the Build Back Better plan maybe they rename it to “The Sacking of Rome Playbook.”
Gaming is certainly next. Clearly you’ve never tried term-deposits at the bank. You give them a ton of money, and they use to make a bunch of money for themselves and give you a percentage of it. Sometimes you get up to 1% of the profit after only 6-12 months. So much fun.
You are costing people money for no reason. Give us our songbird (SGB). Let that sink in a minute.
Now if we could just get the US government and SEC to get their act together. This conclusion just shows that you only consider companies that do something with crypto as major.
Banks will pervert it just like they did money. They will “hold it” and you can “use” it whenever you want, but they will also make loans based on it’s value.
Coinbase was one of the earliest supporters of Ethereum/Web3.0 and has done so much to help promote its software standards and decentralized applications.
The gaming industry is increasingly claiming the possibility of interacting with crypto. I think the reward in the form of stable coins will be a great solution for some games.
Incumbents nice but not needed. Permissionless, decentralized platforms is Web 3.0 get with it.
However bullish you are on web3.0, you are wrong and insufficiently bullish: The architecture and machinery of society in 2021 is an Oracle or Amazon database managed by centralized entities creating several micro and macro problems which could be solved by decentralization only.
Companies utilizing crypto technology, and a mass adoption of crypto as a currency (going bankless) isn’t the same. Even traditional banks are starting to participate.
