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Web3 is centralized
I’ve long been interested in the decentralization of computing and communication in general, and of the web in particular. The trend of communication and information becoming more and more centralized in large corporations is worrying and worth fighting against, particularly from the perspective of systemic risk. I think it even makes sense in many cases to trade efficiency for resilience, by way of decentralization. How does “web3” do on these axes?
The funny thing is, web3, as it exists today and appears to be building towards, is actually more centralized than the web it seeks to replace.
Read in full here:
https://blog.wesleyac.com/posts/web3-centralized
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