web3 is a somewhat ambiguous term, which makes it difficult to rigorously evaluate what the ambitions for web3 should be, but the general thesis seems to be that web1 was decentralized, web2 centralized everything into platforms, and that web3 will decentralize everything again. web3 should give us the richness of web2, but decentralized.

Some claim web3 is about ownership, but it is more appropriate to say that web3 is about wealth. Very little in the web3 advocacy space addresses how it will match Web 1.0 and 2.0’s successes in terms of discoverability and sharing. It offers little by way of guarantee that it will protect its users' digital rights, in some cases making them much w... See more

The decentralization of clients within DeFi is somewhat straightforward given their relative simplicity — very little incentivization is necessary to get third parties to build independent and simple gateways (mostly in the form of websites) to such protocols. However, as web3 products and services become increasingly complex, with computationally ... See more