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A comment on Web3 is centralized and inefficient. Parent comment

Re:Web3 is centralized and inefficient by blenderdt on Wednesday March 23, 2022 @04:04AM (#30776142)
What also is amazing is that people are now buying art for huge amounts of money, not because it's good art or it has any value, but because it's NFT art.

So it's even worse than you say, they are selling a sign pointing to a very cheap house, but not for the price of the house but by overvaluing the sign's value.

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Re:Web3 is centralized and inefficient by prox on Wednesday March 23, 2022 @04:24AM (#30776254)
Because of the speculation and the “hidden” drive to make money (it’s basically a 21th century goldrush) makes it that it will never be what proponents usually advocate (decentralized, everyone benefits, open)

2002-2008 internet (before Facebook) was more Web3 in spirit probably then this Web3 bamboozle.

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Re:Web3 is centralized and inefficient by Agamus on Wednesday March 23, 2022 @10:29AM (#30778795)
My sense is that a lot of people who are zealotic about "web3" are people who never got to experience pre-FB, and want to do something about it.

I wish them all the best, but I'm not optimistic yet.

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Re:Web3 is centralized and inefficient by verisimi on Wednesday March 23, 2022 @04:45AM (#30776374)
... and then the NFT art itself is pixelated - its not vector based - it doesn't scale. So really you've bought art that only looks right at a specific resolution.
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