[FargaColora]

Could you give an example of a successful and useful web3 implementation? Because I look around, and all I see are grifters, scams and pyramid schemes. There must be some examples of something useful and popular that has been built, if it's such a revolutionary technology?

[t_mann]

Aave is an overcollateralized lending protocol with immutable code and a front end hosted on IPFS. That's fairly (not fully) close to providing a 'code-and-forget', public-goods-like web service. Liquity is an overcollateralized stablecoin that doesn't even have an own front end, but has a parameter in the protocol that front end providers can use to set their rewards. Both have also weathered the recent crashes pretty well.

[FargaColora]

I don't know what most of those words mean, but I do know that Aave is not being used in any popular sense, beyond people speculating that the price of the token increases. I was hoping someone would provide a link to a "popular and useful" example.

[basisword]

>> There must be some examples of something useful and popular that has been built, if it's such a revolutionary technology?

That’s a very high bar. There are lots of fun web2 websites that are useless, fun and used by a few people. Also, useful is highly subjective. For example if you are into NFT’s you might find OpenSea popular and useful. If you are not, then you won’t.

[hans1729]

Oh come on. "Useful" is subjective? Either there exists something that serves a purpose to target groups outside of the crypto world or there is not.

[zagrebian]

They meant useful in general. Forks are useful in general. A stamp database is only useful to stamp collectors and similar.

[Forgeties79]

Honestly this is a great point. A lot of these discussions can be summed up as “what is your definition of useful?”

A gamer, a retail investor, and a backend developer (permit the one-dimensional characters) have very different ideas of what is useful/not useful.