Web3 Skepticism
Skeptic thoughts on crypto, web3 and decentralization.
Yishai Ofek and
Web3 Skepticism
For products to work at scale they need sustainable business models and networks. Would love to see more discourse in web3 about the complex financial incentives conflicts that we’re going to see if the movement goes beyond DeFi/trading-related use cases. A few examples👇
Aaron Levietwitter.comThe Myth of Decentralization and Lies about Web 2.0 · EmilyGorcenski.com
Emily Gorcenskiemilygorcenski.com
Opinion | A Crypto Optimist Meets a Crypto Skeptic (Published 2021)
nytimes.comBBC World Service - The Compass, Money, Money, Money, Money, money, money: Trust
Rachel Botsmanbbc.co.uk
The New Internet failed to provide a clear enough plot, a straightforward enough of a product, nor legible enough of a movement to fend off the effects of value drift. Young people especially want to work on material things that pay well and the New Internet never really had a clear career path attached to it.
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.
Aaron Levietwitter.com