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by max_ 1059 days ago
"Web3" is mostly just a tech-bro narrative (scam) pushed by VC.

It's just a few people piggy-backing of the cypherpunk ideas.

If your to read original cypherpunk texts it like the work of Nick Szabo, Timothy C. May, David Chaum. It was never about having a decentralised AWS.

The core idea was to be able to build political institutions that;

a) Don't depend on government institutions to enforce agreements made on the internet. (i.e Smart contracts)

b) Have censorship resistant money money & means of communications that government or coporations cannot sanction.

The problem is that very little of what you see in web3 is about those ideas. Its about garbage like NFT digital apes & GameFi