Some people found out that legitimacy is implied by coordination and started using cryptography to build various ways to coordinate multiparty computations that

Some people found out that legitimacy is implied by coordination and started using cryptography to build various ways to coordinate multiparty computations that can simulate various banking/finance protocols. Web3 is normal web development where you use some APIs to interact with these protocols and condition access to {functionality,resources,..} in your webapp on the current state of the multiparty computation. You can also participate in coordinating the computation.. idk maybe I'm taking the 2007 constraint a bit too far.