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this post was submitted on 18 Aug 2023
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The whole "web3" bs has always just been a shabby scam, and people fell for it
Even the name “web3” is stupid. Isn’t it supposed to be the next step after “web 2.0?” Shouldn’t it then be “web 3.0?” They couldn’t even include a space between web and 3!
There actually is a Web 3.0, and it predates the cryptocurrency-oriented conceptualisation of "Web3" by quite some time.
Web 3.0 is otherwise known as the Semantic Web, a set of standards developed by the W3C for formally representing (meta)data and relationships between entities on the internet, and for facilitating the machine-reading and exchange thereof.