[vkkhare]

Web 2 as a term itself was coined much later when people needed to distinguish web 3 from status quo

[togaen]

Wrong. The term “Web 2.0” was coined back in 1999.

[grepfru_it]

Web 3.0 was used by Tim Lee back in 2006 [0]. I believe the semantic web (Web 3.0) was coined back in '99

0 - https://www.nytimes.com/2006/05/23/technology/23iht-web.html

[lowkey]

For users

Web1: read only

Web2: read-write

Web3: read-write-own

[giantrobot]

> Web3: read-write-own

Web3: read slowly - write slowly - vague claims of "ownership" limited to particular blockchains each with no authority over anything off-chain.

But hey, smart contracts allow a long chain of intermediaries to bleed a percentage off all transactions.

[tim333]

How do I own? I mean I realise I can buy NFTs which I guess are "web3" but then I can buy a bunch of stuff on the normal web including stock in facebook etc.

[capnorange]

buying a stock on web2 vs web3 gives interesting properties because of ownership.

for ex: take an instant USD loan on your stock, since you are the owner only your authority(signature) is needed. In web2 world you go through middlemen.

[kyruzic]

Your stock is not hosted on the web.

[okasaki]

This is a nonsense meme. I used web message boards like ezboard in 1996.

[vkkhare]

I do care if that data gets leaked or if that data is used by third party companies for things I have bought and I do not want them to know. Why should a bank do my credit scoring based on my what am watching on Amazon or what books am I reading

[ryan93]

people enjoy reading and writing more than they care about owning their data. I don’t care if my Amazon purchase history is on Amazon servers or mine.

[vkkhare]

This is a very cool description! Hits to the point

[timeon]

Web1 was not read only. If we do not consider things Geocities - phpBBs and others were before web2.

[manojlds]

Most definitely not. Web 2 has been in use as a term for a long while before crypto came knocking.