I’m in the former camp, even if it gets me painted as a starry-eyed idealist. I’m not into all the randian libertarianism stuff the original Ethereum dev team largely believed, but I do think that the fact that we have a financial system that bails out the people with the most money is fucked up and I’d like something better. I think crypto as we know it today is the start of something better, and that the volatility of mainstream coins will probably settle down by a lot (but never completely) in the future if most people are keeping their wealth there instead of in their savings accounts. Maybe some kind of blockchain tech we haven’t thought of yet will be able to remedy that problem. I’ve never been one to keep a lot of my savings in the form of USD and have always had at least some of it in other assets.
And, crazy enough, I think it’s possible that Shib could be a large player in these arenas. Started as a meme, and is currently (in my mind) still in the realm of a meme coin. But maybe it needs a combination of memery (to make it appeal wider) AND good blockchain technology to become a legitimate defi platform. “Oh fuck off you don’t really think the fucking dog coin-” I mean, maybe. I think 2020 hindsight prevents us from fully appreciating how weird Web 2.0 turned out to be. I didn’t think any of that would happen the way it did. Why would anyone expect Web 3.0 to happen exactly the way we think it should?
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