4 ms·

> Ironically for Web3/etc. the "(no) trusted third party" is both the selling point and it's largest problem. Here’s ethereum.org’s comparison of web 2 vs. web

• jokabrink 4y ago
  They don't mention smart contracts in that page either. However, if you look at https://ethereum.org/en/web3/ https://ethereum.org/en/web3/ you will see this: "At its core, Web3 uses blockchains, cryptocurrencies, and NFTs to give power back to the users in the form of ownership". And this: "Web3 is trustless: it operates using incentives and economic mechanisms instead of relying on trusted third-parties." So I guess, when they compare web2 with web3, they implicitly mean the things I quoted.
• rspeele 4y ago
  Looking at the same page I come to a different conclusion. The pros it lists are permissionlessness, censorship resistance, and avoidance of a single point of failure. Cons are scalability and cost. While they don't mention the word "trustless", those 3 pros are all things that you lose when you rely on a trusted third party. And since you pretty much always have to add a trusted third party to make the dApp useful, you effectively lose the pros and keep the cons.