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> Intermediaries are a huge reason the web is the way it is. If we can eliminate them, the internet looks very different. That's what makes me the most skeptic

> Intermediaries are a huge reason the web is the way it is. If we can eliminate them, the internet looks very different. That's what makes me the most skeptical. I don't see a lack of intermediaries in crypto and the crypto intermediaries are far sketchier than their non-crypto counterparts. Just compare Tether to your local bank. Tether could pull the rug on USDT tomorrow and your recourse would be... what? Same with NFTs and the entities hosting the actual art you're paying for. I can have some confidence that Steam will be around 10 years from now; not so sure about boredapeyachtclub.com. The most notable party that's removed from the equation by crypto is the only one I have some small measure of influence on - the government. From the outside it looks like: "meet the new boss, same as the old boss".

dumbfoundded 5y ago
Some things are cheaper in web3 than web2 and web3 can do everything web2 can so it's all going to get rebuilt. The same thing happened with mobile phones. Mobile completely changed the internet and the only "invention" there was the form factor and battery. Everyone all of a sudden needs an app and the whole internet was rewritten for IOS & Android. The promises for how it changes society are pretty weak. It could change nothing or a lot. Web3 is just a better cheaper tool for humans to use so it'll get used. How it changes society is up to the people using it. Just like how the internet didn't usher in a utopia, web3 won't either, but it will change a lot.