Not Financial advice. One of the key goals of web3 is the removal of trusted third parties in online interaction. Removing the possibility of arbitrary censorship and rent-seeking, externality-inducing behavior in places where people interact and transact online.On first glance, it seems as though these goals have largely been accomplished. Moving value around can now happen in a permission-less manner. Instead of using banks, we can use crypto wallets. Instead of stockbrokers: decentralized exchanges. The consumption of read-only information is also moving in a permission-less direction. Amazon S3 plus Medium.com is now Arweave/IPFS plus Mirror.xyz.
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Why We Invested in Point Network
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Not Financial advice. One of the key goals of web3 is the removal of trusted third parties in online interaction. Removing the possibility of arbitrary censorship and rent-seeking, externality-inducing behavior in places where people interact and transact online.On first glance, it seems as though these goals have largely been accomplished. Moving value around can now happen in a permission-less manner. Instead of using banks, we can use crypto wallets. Instead of stockbrokers: decentralized exchanges. The consumption of read-only information is also moving in a permission-less direction. Amazon S3 plus Medium.com is now Arweave/IPFS plus Mirror.xyz.