My research project for the last few days has been honestly figuring out whether "Web 3.0" is anything to care / think about / pay attention to.

I've actually had some nice, level-headed discussions with people on 🐦 and we've concluded that its real-life applications are... financial things. That's about it.

It's not great for Web2 things like social media because... you can't actually delete anything.

Everything is a cryptographically linked list in Web3, and everything added to it is permanently enshrined there -- not just good things, but bad things: abuse, harassment, doxxing, etc. 🤨


@matt the amount of cargo-culting around bitcoin has been absoluting disgusting. the number of applications for blockchains are extremely limited. money makes the most sense... for everything else it's just a slow, crappy immutable database.

@jb55 @matt Federation or P2P is definitely way better for communication than using a blockchain, but I think they can be useful for a bit more than specifically "money" (as in a general purpose currency). Really any asset that you would want to transfer ownership digitally makes sense. Stock trading come to mind as something other than money that blockchain can be useful for.
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