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.

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👇

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.