Mollywhite started a blog on Web3 Is Going Great
White himself has had a little bit of this, but she is really not directed to Web3 is Going Just Great websites. The ideas of decentralization and zero censorship were founding principles of the Internet in the first place, and so far, Web3 has seen many projects centralized similarly to BigTech, writes White in the Web3 Is Going Great.
One software engineer, Molly White has even started a blog called Web3 is Going Great, detailing some not-so-great developments in the space.
Molly White is, according to a recent profile in The Washington Post, the most prominent crypto-critic on earth. On Thursday, as Bitcoin began its slow, rickety climb back up after its crash Monday, and as record-low drops persist for both Luna and Terra, White was spoken to through an individual via Zoom, to talk about why her startup, Web3, is doing just fine, what she thinks about the latest developments, and how she came to be so skeptical of cryptos promises.
Molly White’s Wikipedia documents frauds and disasters in the so-called Web3 space at her website, Web3 Is Going Great. This seems to matter to White herself, and she seems to have influenced people who may have been tempted otherwise to invest money into cryptocurrency, or who have tried to pursue the idea of building a new network on the Blockchain.
Web3 broadly refers to decentralized software protocols and products and services built on the blockchain. At its core, Web3 uses blockchain, cryptocurrency, and NFTs to return power back to users as property. Instead of the Web being monopolized by big tech companies, Web3 embraces decentralization, being built, operated, and owned by its users.
Research firm Gartner places Web3 on inflated expectations, along with related technologies such as NFTs, blockchain, and decentralized identities. Last year, the idea of Web3–a new, groundbreaking Internet built on top of blockchain technology that claims to be democratic and censorship-free–exploded onto the scene, with Hollywood celebrities bragging about their NFTs, the Bored Ape, and venture capital firm A16Z investing billions into cryptocurrency-related ventures.
Many Web3 companies are racing to fill those gaps, but building quality, robust infrastructure takes time. A software engineer investigating sales attributes it to OpenSeas decision to run many of its operations off-chain in order to save the costly gas fees required to execute any transaction on Ethereum Blockchain, saying that it introduced an inconsistency in which updates were not captured on-chain.
For the first time, I heard the sound of the cascade, its soft babbling, then heard the sound of the water grazing against leaves, but my body was an engine of desire, and it was its breasts that drove me, as well as its odor of death rising up like crushed lilies.
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