alt Hacker NewsBTC almost exclusively enables crime. It's fundamentally too bad at basically everything to replace any part of the real economy. It is almost exclusively used for crime, admittedly fun technological exploration, and gambling on a valuation based not on actual net utility in current context but on perception of future utility that will probably never materialize.
Web 2.0 based on boring old primitives like ad dollars and banks actually funds things that in real life provide ultimately virtually all the actual utility obtained by the world from software.
You said
> web 2.0 cloud cannot compete with that cost structure and permissionless nature
It appears to me that that is just incorrect on its face because web 2.0 cloud actually DOES compete insofar as its literally everywhere as we speak and web 3.0 is a buzzword from 2014 that has yet to achieve actual meaning.
To rephrase do you feel it is accurate to say that something that represents basically all the real value obtained by network computers doesn't competes with something that provides? What again?
Replies
BTC isn't a programmable chain. As yieldcrv says, your talking points are too old to make sense anymore. BTC's big "innovation" has been its version of an L2: the Lightning Network. Otherwise BTC people mostly treat it as a gold-like asset at this point.
BTC doesn’t really operate in the decentralized finance world, all the platforms for applications are on other chains so your arguments are also stuck in 2014
Ask an AI about it to catch up, this is a decade too late to have that conversation
the only thing that matters is that there is liquidity and permissionless deployment, we are far far beyond “should there be liquidity”, you can build business on smart contract platforms solely because there is liquidity and people with frictions you can solve just like any other industry or the financial services sector in general