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A comment on SBF Is Headed to Prison but FTX Will Haunt the Crypto Community for Years. Parent comment

Re:SBF Is Headed to Prison but FTX Will Haunt the Crypto Com... by dartos on Saturday November 04, 2023 @11:35PM (#38147855)
The idea, as far as I can tell, was for web3 to be truly distributed.

That is, there is no single point of failure for any website and no single entity totally controls any site.

Over time as the decentralization bend of crypto faded, so did the meaning of web3.

Eventually it devolved to meaning a site using a crypto wallet for purchases and identity.

At least that’s been my understanding as someone following fairly closely

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Re:SBF Is Headed to Prison but FTX Will Haunt the Crypto Com... by kodapoda on Sunday November 05, 2023 @01:35AM (#38148590)
I think the on-chain products like games are also considered part of web3. Some game developers attempted to store game and user state on chain. As far as I know, these are mostly gambling-type games where the actual gameplay is almost non-existent, and the only attraction (beyond the obvious gambling/crypto) is "the community", "future potential", etc.
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