From the article:
"Moving to the Fediverse
This tension between these communities and their host have, again, fueled more interest in the Fediverse as a decentralized refuge. A social network built on an open protocol can afford some host-agnosticism, and allow communities to persist even if individual hosts fail or start to abuse their power. Unfortunately, discussions of Reddit-like fediverse services Lemmy and Kbin on Reddit were colored by paranoia after the company banned users and subreddits related to these projects (reportedly due to “spam”). While these accounts and subreddits have been reinstated, the potential for censorship around such projects has made a Reddit exodus feel more urgently necessary, as we saw last fall when Twitter cracked down on discussions of its Fediverse-alternative, Mastodon."
Web3 was suppose to be this decades revolution of the internet, where everything became interconnected and decentralized and without authority figures or something
Then cryptocurrency enthusiasts decided blockchain counts as that and starting calling everything related to cryptocurrency and Blockchain web3. So now web3 just means cryptocurrency, but they still act like it is the future of the entire internet. I think it is pretty dumb, who wants finances intrinsically tied to everything they do online?
The beauty of Ponzi’s is, that as long as you find a bigger fool, it might even work for you
I don’t care if something like Bitcoin is used within the decentralised web. If I want a subscription and no middlemen, it’s easier than posting cash. I don’t really want it as the basis of the platform, though. Those usually end up being solutions chasing problems preventing real adoption. Most people will always use credit cards.
Almost anything else, apart from a few cryptocurrencies sharing its likeness, are absolute shams. If minting or the network is centralised, you may as well have a handwritten IOU from the conmen. Cryptobros missed the point and started hyping up the equivalent of Visa with a centralised blockchain (i.e. an inefficient database) but no regulations.
It’s not easier than “posting cash.” Crypto is like using tokens at an arcade. I still use money but I have to convert that money into something stupid first. And then worry about my highly volatile leftovers.
Can we get a c/buttcoin please.
