RE: Hive: Network Without Centralized Exchanges
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Great article. The main, all-encompassing problem with CeX, and what Web3 promises to solve, is the continuing regulatory body's annoying intervention within crypto. This translate to the form of the end user having to reveal their ID and other confidentials to exchanges that have no reason to uphold their secrecy when their governments shove them around.
I think we won't have to take the fiat-to-crypto route anymore when tokenization gains traction, and any sort of interaction within the Web3 ecosystem becomes monetized. We would still have to establish channels for liquidity though, but for the most part, ecosystems are going to be self-sustaining.
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There is certainly a need for fiat to crypto connection since that is the on and off ramps. There is little commerce done in crypto, hence making the conversion to fiat necessary.
However, we can see the crypto space grow larger.
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