Re:Ask HN: Will Web3 ever become mainstream?
by version_five on Monday May 08, 2023 @07:29AM
(#35860404)
I'd put it slightly differently: nobody has found an important enough problem that decentralization solves. (Edit: and at the same time there are lots of benefits to central authorities, meaning decentralization has an even bigger hill to climb in many cases)
It also feels to me like most implementations of anything decentralized just end up creating a different de-facto central authority as part of the process.
Web3 isn’t decentralized the way most people use it. Most NfTs are just URLs. Like most things in crypto it’s just a scam.
The most successful current decentralized systems are probably BitTorrent and Mastodon. BitTorrent arose due to heavy handed copyright enforcement and Mastodon got popular in response to the Musk takeover of Twitter. In both cases these are examples of problems decentralization solves.
If the political situation continues to deteriorate I could see decentralization becoming more popular.
https://www.youtube.com/watch?v=R706isyDrqI
(Note the guy talking in the screen is a blockhead as I see it.)