Web 3 goes against the core promise of the internet which tries to be a great equalizer.
The Web was about making information accessible to all, Web 3 is trying to provide value to a few, where everything is done for the benefit of the few rather than benefit of all.
Web 2 gave us Wikipedia, Google search, Facebook and more. They are not perfect systems, any system which involves humans will have loopholes & problems driven by greed and a hunger for power. But, they did act as an equalizer. Where is Wikipedia of Web3? Wikipedia never started with the mission of making it’s contributors rich.Source: Ravi Vyas
We all had good fun in the early days of Crypto — some of us made a quick buck — but we need to come to terms it’s not really solving anything (besides laundering money and fuelling criminals). And it’s not sustainable at all. And don’t get me started on NFTs.