[a_JIT_pie]

Can you explain how web3 is responsible for all the crypto nonsense for a layman?

[ceejayoz]

Web3 is the crypto nonsense. It was a rebrand attempt. https://en.wikipedia.org/wiki/Web3

[bbor]

From this forum we shall organize the great retaking of “Web3” for the 3D paradigm it was always meant to be. It’s in the name!!

It’s sad that blockchain went the way it did, because it’s probably a great technology when you don’t expect it to revolutionize the entire internet.

[drzaiusapelord]

Its sad to think web 2.0 so long ago was a move towards more human centric websites, UI's, AJAXy sites, etc and now web3 is just a marketing term for fraudsters, exit scammers, shady VC's, and criminals. The late-stage capitalism of the internet is obvious to see.

[rjbwork]

web3 is the moniker these crypto-zealots use for their crypto-currency-all-the-things efforts.

It secondarily has connotations of decentralization with stuff like Mastodon, but relatively few people care about that stuff.

[abujazar]

web3 is a term coined by some of the people behind the crypto nonsense, as if it could be a successor to 'web 2.0'

[orwin]

Blockchains are a fun tools, i really like some ideas (ipfs, etherium and solidity), but i want to separate it from the cryptocurrency nonsense. Luckily, almost all grifters and zealots started talking about "web3", to re appropriate the term (like they did "crypto", which mean cryptography for old and cybersec people).

Hence i associate web3 with the grift, and blockchain with the technology. Probably gp does the same.

[epgui]

I can't speak for the other commenter, but I don't think they said that "web3 is responsible for all the crypto nonsense". My impression is that they're just hinting at a relationship between the two.