I think this decentralization and federation is what web3 is all about, without all the corporations calling everything to do with monkey pixel art that costs a million dollars “web3”
I think this decentralization and federation is what web3 is all about, without all the corporations calling everything to do with monkey pixel art that costs a million dollars “web3”
Pretty much yeah.
But what’s wrong with bolckchains? That technology is good too, a bunch of lowly monetization schemes based around it shouldn’t deface the core idea and its possibilities.
The notion that any “Web” technology (i.e. user-facing publication, sharing, & discussion) needs to be coupled with a fraught¹ payment system seems like a fundamentally contentious issue, mostly introduced by people who stand to profit from the success of those payment systems regardless of benefit to Web users.
¹ Regulatory issues, cut-and-run scams, and so on. Some blockchain services have turned out to be securities regulation violations. Some have turned out to be outright frauds where the issuers have just run away with “invested” money. In any event, nobody should today be relying on any blockchain service when creating forums or other services intended for the general public.
See ftx
The problem with Blockchains is most of the projects associated with them are scams until proven otherwise. It’s kind of like Western Union transfers, money orders, or iTunes gift cards, nothing wrong with the technology behind them, but when the topic comes up, I immediately think of scams.
I don’t think anything is inherently wrong with blockchain technology, but what it’s been molded into (a purely speculative profit driven ecosystem ) is a waste of it’s potential.