30s Summary

Economist and blockchain pioneer Paolo Tasca has urged crypto enthusiasts to continue asking questions and learning to stay abreast of Web3’s rapid evolution. Speaking at a workshop in Dubai, Tasca warned of the “complexity scam”, where people hesitate to ask questions about complex topics. He recommended utilizing platforms such as the Peer-to-Peer Financial Systems (P2PFISY) workshop for discussing key industry questions among regulators, academics, and users. Tasca also noted the need for dialogue on issues like crypto assets, user protections, disclosures, and regulations, as well as decentralized finance’s impact on traditional finance.

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One expert claims that crypto enthusiasts should keep asking and learning to keep up with the rapidly changing world of Web3 technology.

Speaking at the Peer-to-Peer Financial Systems (P2PFISY) Workshop 2024 in Dubai, Paolo Tasca, an economist who has founded organizations focused on blockchain technology, shares with Cointelegraph the importance of curiosity in the fast-paced Web3 industry.

Tasca explains that a lot of crypto community members get caught in the “complexity scam”, where they’re afraid to ask questions thinking the answers might be too complex. This, according to Tasca, gives rise to the need for a platform for regulators, scholars and users to gather and discuss crucial questions for the industry.

The importance of questioning in crypto

The P2PFISY workshop was organized to provide a neutral platform for regulators, academics and crypto experts to talk about the technology. Tasca adds that many crypto initiatives withhold information to market their products, which is a critical issue that could be addressed in such workshops. Workshops like P2PFISY could supply participants the right resources to ask and answer questions about crypto and Web3, thus helping the community members to ask appropriate questions when new technology shows up.

The ongoing changes in the Web3 narratives

While discussions within the field have evolved over time, Tasca feels we still need to tackle various issues including crypto assets, user protections, disclosures, and regulations. He thinks there’s also a need for questions about the “spillover effects” between conventional finance and decentralized finance.

In the last decade, Tasca has noticed a “consolidation of ideas” where talks have become increasingly complex, starting from basic crypto economies to the intertwining of traditional systems and Web3. The discussions, according to Tasca, have been focusing on the crossover between older tech and the “new world.”

Source: Cointelegraph