The Web3 Debate

web3 is a somewhat ambiguous term, which makes it difficult to rigorously evaluate what the ambitions for web3 should be, but the general thesis seems to be that web1 was decentralized, web2 centralized everything into platforms, and that web3 will decentralize everything again. web3 should give us the richness of web2, but decentralized.

The problem is that by telling a lie about the intentions of Web 2.0 and promoting the myth of decentralization, web3 advocates are attempting a razzle-dazzle maneuver to distract from these very important matters. By making web2—even going so far as to renaming it—about centralization and web3 about decentralization, web3 advocates claim it is vir... See more