thank you for saying all the things I've thought about web3, including the optimism. I'm very unsure about VC incentives in this scenario, because the biggest funding rounds may likely continue to go to a company like OpenSea.
For me the main issue is in the concept of decentralisation. Decentralisation to what extent? Is it really needed? Centralisation and decentralisation have been happening in every era of technological change. Nothing can be decentralised for long. Any entity that abstracts away the complexity of the new tech will end up centralising the most value.
nice writing sir. the world needs more healthy criticism from technical brains on blockchain technology, the only way this will move forward on the way we like it too.
btw check Arweave regarding decentralized hosting technology. (I'm not involved)
Who is Web3 Really Good for?
thank you for saying all the things I've thought about web3, including the optimism. I'm very unsure about VC incentives in this scenario, because the biggest funding rounds may likely continue to go to a company like OpenSea.
For me the main issue is in the concept of decentralisation. Decentralisation to what extent? Is it really needed? Centralisation and decentralisation have been happening in every era of technological change. Nothing can be decentralised for long. Any entity that abstracts away the complexity of the new tech will end up centralising the most value.
web3 will primarily be used for redditors to trade child porn and dox
nice writing sir. the world needs more healthy criticism from technical brains on blockchain technology, the only way this will move forward on the way we like it too.
btw check Arweave regarding decentralized hosting technology. (I'm not involved)
https://www.arweave.org
https://www.arweave.org/technology#papers