This is one of the most important aspects of Web 2.0 that web3 advocates have tried to retcon. That generation also started with optimistic creators talking about decentralized, user-owned, open protocols (open standards, even!) that would empower people. Guess how it played out.
Matt Mullenweg
 @photomatt
9 Jan 2022
People seem to be redefining Web 2.0 as Facebook, etc, that own data, but Web 2.0 at the time was platforms like WordPress, Odeo, Six Apart, Flickr, Technorati, and del.icio.us that had open data and interoperated. flickr.com/photos/ross/49490…
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Replying to @anildash
It's almost like the technology isn't the problem ... 🤔🤯

Jan 9, 2022 · 6:37 AM UTC

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Replying to @aaronpk
INDEEED
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Replying to @aaronpk @anildash
Oh it absolutely is. If there's a piece of code running somewhere that can be corrupted or arbitrarily changed by someone then it will be exploited. The technology exists to make code that can only be changed if the majority of actual users of said code agree to the change.
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Replying to @aaronpk @anildash
Hahahaha ;)
Replying to @aaronpk @anildash
Once people understand this, web2 tech is just fine. Sadly it boils down to whose money you take to capitalize. Tokens give us a chance to organize and capitalize differently.
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