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Great take, honestly. Web3 is essentially just a more convoluted way to federate based on a decentralized database. But in platform capitalism, there are zero i
by sascha_sl 5y ago
Great take, honestly. Web3 is essentially just a more convoluted way to federate based on a decentralized database. But in platform capitalism, there are zero incentives to federate. For instance, your gaming NFT will work with one publisher, likely only in one game (have an NFT for Generic Football Game 2021? It'll be useless in 2022, I promise). It will mostly be exploited for the promise of what it could be and not for practical reasons. Also because we already build decentralized federated systems without decentralized consensus. Like the Fediverse.
It's all smoke and mirrors.