One reason why Web3 has some negative chatter is that it is being used to hype some crypto projects. The implied correlation is Web3 is good so crypto project X is good.
I am NOT promoting any crypto projects, but I think that Web3 based on decentralised and permissionless exchange of value is real and not hype.
Bitcoin, the first crypto project and first Web 3 venture, changed the game by making it possible to exchange value (not just content) online.
Disclosure, own some Bitcoin.
Web2 ventures created a huge amount of value based on the Internet being the perfect copy machine. If this post gets a million views it costs me almost exactly the same as if it got 100 views. Yet if I sold you something for $1million it is a totally different value proposition than selling you something for $1. What Bitcoin enabled was a way for all of us to exchange value securely whether it is for $1million or for $1.
At some point in future this will seem as normal as buying stuff online (which looked weird & risky when it first appeared).
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