In Defense of Web3

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2 pointsyoaviram4 comments

There was a great comment a few weeks ago that described Web3 as "a TRS-80 with a coin slot" and I think that sums it up pretty well.

If you're familiar with current generation web apps, video games, etc. the web3 "future" looks like a throwback.

Indeed. And all of crypto derives from in-game points and currencies that we've had forever. Is anyone surprised that it's easy to "game" these systems?

> To sum up my take on Web3, there’s a lot of smoke, but there’s some fire. As they say, the devil is in the details, and I can’t possibly provide all of those here.

There is no need to provide all of those, provide a few best examples. If there is so many innovation and it has been happening for the last 20 years, surely there are some impressive results (which are not related to financial speculation)?

In my experience, if someone gives a link to a "collection of 215 projects" and says "do your own research", they have nothing to show.

There's no smoke 'cause there's no fire. No innovation in computers or comp sci has taken place in the last 20 years. Not one.

Everything being sold today as Web3, the metaverse, etc are all repackagings of existing technologies with failed products already in the market.

Web3 is last week's leftover produce, nothing more.

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