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I would say that depends on the country you live in, but essentially you are saying web3 somehow doesn't get regulated and therefore is better.

The reason you wouldn't be able to simply start a website offering people loans would be because of laws, I see no argument that if you somehow use a different technology it is suddenly legal.

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I explicitly said I'm not sure it's better or worse (largely depends in which country you're living I guess), but it's undeniably more decentralized than the current situation.

ahh, ok, then I can agree to some extent, altough I think the problem with product visibility and chain acceptance will make it more centralized in the long term.

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