Here's my critique of the #Web3 movement. I probably spent way too much energy on it. tante.cc/2021/12/17/the-thir…

The Third Web

(This text is very long. Maybe too long. You can find a PDF and an EPUB of it below.The current version of this text will always live at https://web3.tante.ccSatya has created an audio version of...

tante.cc
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Kudos for the very good first part. Sad the 2nd part is 100% negative, which I think hurts the whole thing. I think it would be more convincing pointing out that Web3, the Blockchain, crypto currencies and NFTs were, say, 95% percent bad.
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E.g. NFTs would make sense if they conveyed actual IP rights, but most often they are not. Bitcoin-style PoW currencies actually are the only mature answer to a certain set of requirements almost no one has. PoW alternatives address the energy problem, but are not yet used often.
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Yes. The text was for a general public so some weird libertarian niche problem a blockchain might solve wasn't very high on my list. And PoS and other schemes have other problems, it's not like that are good, just less planet destroying
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Replying to @tante
OK, let’s assume there existed an NFT-based scheme for, say, music IP rights based on a PoS chain, enabling artists to do away with the old and new music monopolies – wouldn’t that be a good thing? Certainly from a commercial perspective, possibly from an energy view as well.

Dec 17, 2021 · 8:54 PM UTC

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Replying to @stilkov
Sure, one could do licensing through blockchain tokens and use DRM to enforce it because what's the point otherwise but I am not a copyright maximalist, I think that the path of "intellectual property" doesn't work we need other mechanisms for culture.
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Totally fair point. Just pointing out that not everyone interested and active in that space is a Ponzi-scheming, environment-hating, ignorant crypto bro
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Replying to @stilkov @tante
I might miss something, but bands massively started creating their own micro labels, leverage convenience physical media production or directly sell digital audio files around the early 2000s. I found that concept to be a pretty good solution already.
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