[larryfreeman]

In my view, the goal of the current version of Web3 (previously, it was Semantic Web) is that applications can be decentralized. Is it possible that software services can be provided that are not controlled by any central authority?

Bitcoin, Ethereum, and ICOs show the possibility of decentralized applications. From what I can tell (and how most people think), we are very far away from that promise with the existing offerings.

The current Web3 offerings are primarily a speculative play instead of an innovation play. It started as an innovation play and Ethereum was exciting because it suggested a proper focus.

I personally believe that it is possible to get there but we need to greatly change the current decentralized offerings. P2P technology needs to focus on innovation, value add, and service offerings to be worthy of being more than a P2P database used for speculative investment and money transfers.