@nilesh crypto is generally a really bad idea, especially as a "price" for developers, most of thems are either scams or they are resource wasting as pure heck..
@sotolf How are (good) crypto projects - like Brave, Filecoin, ENS - any different from startups offering equity to their investors? It seems like crypto is the only place where alternative funding models for public goods are being experimented upon.
@nilesh Startups are very often scams as well, so much of this is just a layer of promises built upon promises of hopes of something being possible, crypto is still a solution looking for a problem.
@sotolf This is bit too cynical for me. Most of digital products that people are using these days - are those built by startups, not altruist developers.
@nilesh So, which problems does crypto solve in a better way? I have asked many many people this, and never got a good answer.
- Support development of a web browser that's not owned/funded by Google/Apple (Brave)
- A cheaper marketplace for stoarge (FileCoin is 1/5th the cost of AWS)
- Domain name registries that cannot be censored by ICANN (ENS)
@nilesh Regarding your first point, according to a quick google search brave has quite bit of venture funding, it's not funded by their scam crypto coin, but by big venture funds..
The second is a niche thing with questionable scaling
While I see no reason why the last one couldn't just be a normal database.
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