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

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.

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.