Web3 Skepticism
Skeptic thoughts on crypto, web3 and decentralization.
by Yishai Ofek and · updated 8mo ago
Web3 Skepticism
- After 18 days of diving deep into crypto, I didn't come out of it a decentralization maxi. There's space for both types of software, community, and utility. In many ways decentralized software really needs centralization: spam, fraud, content rights, powerful programs, etc.
james added 2y ago
Sam Blumenthal added 2y ago
- @ummjackson: After years of studying it, I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.
Jay Matthews added 2y ago
Yishai Ofek added 2y ago
- 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.
sari added 2y ago
- Circling around that whole web3 ‘ownership’ story. I have 170k email subscribers. I own the list, entirely. There is no algorithm. But 60% of my subs are on Gmail. If Gmail flags me as promotional, half my subs won’t see it. And no ownership or composability changes that
sari added 2y ago
Tanuj added 2y ago
The Myth of Decentralization and Lies about Web 2.0 · EmilyGorcenski.com
12 highlights
sari added 2y ago
- Out of curiosity I dug into how NFT's actually reference the media you're "buying" and my eyebrows are now orbiting the moon
Leila M Wu added 2y ago