Blockchain-based systems are not what they say they are

Put another way, we have to resist this skeuomorphic temptation to think that everything is better on the blockchain. Some things, when put on blockchains, just become the same as they were before, but on a blockchain

While the blockchain offers promise in addressing some of the challenges present in Web 2.0, the blockchain alone does not comprise the entirety of the web3 experience. In fact, the complexity of working on the blockchain means that the barrier for entering this space is somewhat higher, and as a result there are few companies building the required... See more

The issue is web3 discourse under-sells the power of the web, oversimplifies the benefits of a new architecture, and skips over meaningful hurdles (UX, security, trust, long-term economics). I think we confuse theories with actual user value props and sustainable business models.

Some claim web3 is about ownership, but it is more appropriate to say that web3 is about wealth. Very little in the web3 advocacy space addresses how it will match Web 1.0 and 2.0’s successes in terms of discoverability and sharing. It offers little by way of guarantee that it will protect its users' digital rights, in some cases making them much w... See more