nothing new about web 3

after Bitcoin, crypto, and NFTs, Web 3.0 has become the new new thing to talk about. It’s what 2022 will be all about. No more centralization, here comes decentralization (again) … or does it?

Two great pieces, both sharing same ideas, one a bit longer, and the shorter also referencing the longer article. But both ultimately providing a much needed skeptical look at Web 3.

My first impressions of web3

Nobody Cares About Decentralization - They Just Want To Get Rich

my two main takeaways are:

  1. ease of use wins over privacy and security (at least from a user preference point)
  2. crypto is just another ponzi scheme
Carsten Schmidt @carstens