As a seasoned researcher who has witnessed the rapid evolution of blockchain technology since its inception, I wholeheartedly concur with economist Paolo Tasca’s sentiments about the importance of asking questions in the crypto space. My own journey through the labyrinthine world of Web3 has taught me that the complexities of this industry can be daunting, but they should never deter us from seeking answers.
A financial expert advises members of the cryptocurrency community to keep querying and gathering information to prepare for the arrival of innovative tech in the decentralized internet (Web3) sector.
At the 2024 Peer-to-Peer Financial Systems (P2PFISY) Workshop held in Dubai, economist Paolo Tasca, founder of organizations such as the University College London Centre for Blockchain Technologies and the DLT Science Foundation and Exponential Science, emphasized to CryptoMoon the significance of asking questions in the rapidly evolving field of Web3.
In conversation, Tasca explained to CryptoMoon that numerous community members often find themselves trapped in a situation he terms the “complexity trap,” where they shy away from asking questions due to their assumption that the responses might be overly complex.
Due to this situation, an economist proposed creating a forum where regulators, scholars, and consumers could gather to debate crucial issues within the industry.
The importance of asking questions in crypto
In their own words, Tasca stated that they arranged the P2PFISY workshop as a platform for regulators, scholars, and cryptocurrency professionals to engage in discussions about the technology in an environment devoid of commercial interests.
He pointed out that many crypto projects omit information to sell their products. Tasca explained:
“They don’t provide the full set of information because they want to hide something. We have seen this in many crypto that are not really solid projects. They instead focus on marketing and communication.”
In addition, Tasca stated that workshops such as P2PFISY could empower attendees to effectively inquire about and understand topics related to cryptocurrency and Web3 by utilizing appropriate resources like scholarly articles and learning materials.
As a crypto investor, I’ve come to understand that acquiring the necessary knowledge empowers me to pose insightful questions when encountering fresh tech proposals in the market.
Web3 narratives continue to evolve
As narratives about the space have adapted over time, Tasca points out that the industry continues to face significant challenges in dealing with matters such as cryptocurrencies, consumer safeguards, transparency, and legal frameworks.
He said that there are many questions about the “spillover effects” between traditional finance and decentralized finance.
In the past decade, Tasca shared with CryptoMoon that there has been a significant development in thoughts and concepts, often referred to as a “condensation of ideas.” Initially, conversations focused on fundamental aspects such as crypto economies. However, over time, these dialogues have advanced into intricate topics like the intertwining of traditional systems with Web3. To summarize his words:
“We have seen this intertwine between the Web2 financial model and Web3. They are working together. Some Web3 companies became banks. Some banks became Web3 companies.”
Tasca mentioned that the conversations have been focusing on the link between traditional technologies and what he referred to as “the contemporary era.
Read More
- HBAR PREDICTION. HBAR cryptocurrency
- IMX PREDICTION. IMX cryptocurrency
- TRB PREDICTION. TRB cryptocurrency
- XDC PREDICTION. XDC cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- FLOKI PREDICTION. FLOKI cryptocurrency
- JTO PREDICTION. JTO cryptocurrency
- LDO PREDICTION. LDO cryptocurrency
- TNSR PREDICTION. TNSR cryptocurrency
- Dandadan Shares First Look at Season Finale: Watch
2024-10-18 16:28