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

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.

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.

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