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web3 is not crypto either (crypto is merely a constituent metaproject). these are important distinctions, like saying web2 is a database or something

• acdha 4y ago
  web3 is a marketing term VCs started boosting when they realized that cryptocurrency had a bad reputation which was deterring sales. Unlike Web 2.0 it wasn’t giving you new capabilities but trying to build demand for things which had already failed in the market.
  • nyolfen 4y ago
    it is a floating signifier for a variety of projects and technologies, some of which include crypto -- the unifying goals are decentralization and data ownership but these do not require crypto. if you think it is just a marketing gimmick (which it is, among many other things), i will let you continue to enjoy fb et al
    • acdha 4y ago
      It’s a cryptocurrency marketing campaign. The people pushing the term all got their money from cryptocurrency speculators, the apps being promoted all require cryptocurrency payments, and they share the similar poor technical and economic understanding of the fields they’re trying to enter. That doesn’t mean I love the way that Facebook influences the world – quite the opposite, but that means I have even less tolerance for people hawking get rich quick scams as the solution since they’re distracting attention and resources away from things which can possibly work. It’s similar to how cryptocurrency salespeople talk about “the unbanked” as if the solution to that problem is to make a bunch of rich people in the developed world even richer in the hopes that they’ll share some of that largesse.