To believers, Web3 represents the next phase of the internet and, perhaps, of organizing society. Web 1.0, the story goes, was the era of decentralized, open protocols, in which most online activity involved navigating to individual static webpages. Web 2.
And that works reasonably well, because it’s difficult and very time-consuming and expensive to move between towns. So you have a reasonably high level of credibility that someone is going to stick around and they don't want to be exiled. So we need to move beyond this. But unfortunately, Web 2.0 very much still exists in this very centralized model.
But, OK. In terms of technology, what do we have? We have cryptography. Cryptography, at its basic level, allows me to talk to my friend but for the communication channel to be public or go through a third party with me still having a good level of expectation, credible expectation, that it will be a private conversation. It will be as private as if we were in a field and chatting to each other and could see there was nobody around.
Let's drill down on the idea of “decentralized.” I mean, the internet already is decentralized, right? Internet protocols are not owned by a company. While on a practical level, people tend to route their behavior through gatekeeper platforms, they don't necessarily have to. You don'tto message on Facebook, it's just convenient.
I went to law school, and I could say, look, anybody could learn the law. Anybody could study, get into law school, and then study for the bar. But in fact, at least in the US, it is a guild with very high barriers to entry, most notably cost. Even if the barriers to entry in the legal profession are higher than in programming, that doesn't necessarily mean that the barriers to entry in the world that you come from are not meaningfully high.
Something nobody asked for
Nevermind, ..I skipped Web3 and went straight to Web9
Hi, I am a structural engineer from Iran who have many ideas. I have summarized some of my ideas on my twitter(I suggest look at the idea of generating electricity by gravity). I want to work with companies and investors. Do you want to cooperate?
Interesting. But as usual the idealism of some will be overrun by the bad actors in the field. Just like Web 2.0. And then we'll be in a worse place.
It's fairly obvious what 'web3' is. It's a scam aimed at the naive and technologically illiterate. All of this talk of decentralisation are just lies. Cryptobros aim to centralise the web within their own control.
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