To paraphrase one of my favorite quotes by the great Rev. King:

“Socialism for the rich, rugged individualism for the rest”

This post reminds me: Web3 has been co-opted to represent an internet based on blockchain whereas the original true purpose is to promote decentralization.

Isn’t WebRTC supposedly a privacy nightmare?

It’s capitalist feudalism. There’s absolutely zero chance that the US isn’t capitalist.

I’m assuming most of these applications have fake information.

Half of what these mega-corporations do should be considered illegal, or at the very least would be in a reality without lobbyists.

No sympathy here 😅

I find it very funny that a lot of people in this instance seem to be vehemently against blockchain because of pyramid schemes and other scam as if cold hard cash (or any currency for that matter) doesn’t suffer from the same problem.

I don’t know. Everything I’ve heard about Web3, aside from blockchain and cryptocurrency, is about a free web that transcends the need for central platforms.

Decentralized finance, Decentralized marketplaces, Decentralized social media…

Maybe I’m romantacizing the idea too much, but it personally represents the next step of the political revolution that we’ve been witnessing.