this post was submitted on 20 Aug 2023
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I hate the term Web3, the name itself feels like gaslighting. It tries to imply like it's the next step for the web. It's just grifting and is absolutely impractical lol.
Notice how Web3 blew up because of insane VC money, then suddenly dies what feels like overnight. They didn't care about decentralization, otherwise they'd actually invest in non Blockchain bullshit. But then they can't scam with crypto coins.
Because it fucking gaslighting. I remember having this WTF moment when I was reading the O'Reilly Ethereum programming book.
If web 2 was html 5 and css3, how does a protocol that relies solely on money being transacted make the basis of web3?
This sounds exactly like a VC plot. "There will be money exchanged on every transaction". I bet they lost their minds in the pitch room when they heard it.