Kickstarter isn't the first to experience backlash over a corporate move into the world of Web3.
Discord, the online chat app, recently teased some features that would let users connect their crypto wallets with their account. The tool, shown in aSome users raised concern over the potential for scams and money laundering in cryptocurrencies and NFTs, while others slammed the vast amount of energy required to process transactions on the blockchain."For now we're focused on protecting users from spam, scams and fraud.
With crypto, the primary use case among consumers continues to be speculative trading. And there is still a huge education gap. According to the U.K.'s Financial Conduct Authority, 69% of people under the age of 40 don't realize crypto"There's clearly a goldrush…leading to speculative investment," David Chaum, an American computer scientist and digital cash pioneer, told CNBC by email.
Chaum is best known for inventing a system of untraceable electronic cash in the 1980s called e-cash. He added: "General skepticism about 'crypto' and digital currency has existed for as long as I can remember — long before bitcoin."
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