Comment by Traster
4 years ago
I'm glad someone took the time to write this. I think it's quite interesting that the prime example picked here is UI issue. The author freely admits that the "web3" solution is basically just private keys with better UI. I'm not all that up to date on web3 stuff, but... it's not UI.
The quote from Vitalik is great though - the goal of crypto is to let people make all the same mistakes and find out single central authorities actually have been established for a reason.
I do think a lot of these things go round the circle then end up on the same solutions we had before.
Coinbase is a nice example; turns out it's quite nice if some sort of company protects your money, makes sure you don't loose access to it, provides you with insurance in case something goes wrong, and lets you easily send, trade, and convert money. Such a revolutionary idea, right?