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Web3 is an attempt to solve a political problem with technology. The issue facing us is corporate power. Rather than engage in a political fight to change eithe
by brightstep 5y ago
Web3 is an attempt to solve a political problem with technology. The issue facing us is corporate power. Rather than engage in a political fight to change either the way corporations are policed or the incentives that produced our situation (i.e. capitalism), they are desperately trying to build a wall around themselves with "trustless", "decentralized" technology. What they're missing is, the centralized powers they're trying to defeat will never permit a technology to succeed if it removes their power. That being the case, we may end up with a version of "web3", but it will be one that either supports the powers we'd hoped to defeat or creates a new class of powers we'll be trying to combat with web4.