Is it just me or is any and all "Web3" "blockchains" just regulatory arbitrage to fly under the radar of the local government to enable more innovation?
From a first principles perspective what they really do and do well is remove trust from the equation. Regulations are setup mainly in situations where a central party has wholly control over something and we cant trust to not fuck us over.
But Web3 is very much centralized, and increasingly going into that direction.