Is Web3 bullshit? | Molly White at Web Summit 2022

Molly White gives the talk "Is Web3 bullshit?" on the Crypto stage at Web Summit 2022 in Lisbon, Portugal on November 4, 2022.

Most people have an opinion on Web3 but, for most people, it's just an opinion. For Molly White, that opinion became something more. Molly created a personal blog called Web3 Is Going Just Great – a searchable timeline of disasters in the world of Web3. One year after the blog was launched, Molly explains what her opinion on Web3 is now.

Republished with permission from Web Summit.

[DocteurZeuhl]

The absolute lack of actual arguments of the crypto shills in this comment section is nearly as amazing as your talk. That sentence at 12:04 was an incredible piece of context that made me love your speech even more. Thank you for your work.

[Innerhacking]

Thank you for your service. Apparently nothing has changed in web 3 since this speech. Eye opening.

[adamdavey]

This was the best talk at Web Summit. So insightful, cutting through all of the crap. Well done Molly.

[jamesbutterfill]

Brilliant talk, I greatly appreciate all the hard work you do in this space

[bloody_albatross]

The elusive exception to Betteridge's Law of Headlines!

[fisadev]

I love this talk, it's so clear and exposes so much of the bullshit going around. I'll share it a lot :)

[rvphjly]

Appreciate the bold analysis.. Ty.. I thought all hope for evaluating so called web 3, aka, next level sameness via capitalism, was going to be hidden under they hype. Intuitive and helpful.

[matthewlinsley]

The only thing that blockchain has really solved is the problem that Bitcoin solved with double spend on an internet native currency through a distributed ledger.

Other applications of blockchain(including web3) are extremely inefficient and expensive. I don’t see the world continuing to move this direction. Crypto bros and shillcoiners have also made sure that the entire “space” has left a bad taste in everyone’s mouth.
If anything, opensource has been solving this problem(data protection/privacy) on its own for years, but it takes time for people outside of developers to understand that opportunity.

[ErikSomething]

Really enjoyed this summary of Web3/Crypto. As soon as I learned that web3 was simply a new web but "integrated" with crypto, all bets were off on this being "the future" (at least my future). I'm also kind of concerned about this new addiction to A.I. with these big tech companies who are already gobbling up the world of personal data. Hopefully, it's web 3.0 and not web3 that we finally get, in any case.

[alexanderscott]

“When you build the ship you build the shipwreck” Paul Virilio’s quote is just such a great quote, not so much as an anti-tech statement but a lack of ethics and decision intelligence statement.

[crsp]

Finally someone speaking the truth in tech media!!! Brave woman, much respect!!

[Always.beauty]

Great great great more people need to see that...

[tylerblatt]

This couldn't have been better. This was perfect end to end. Thank you for this content.

[JosieHernandez-po]

Your breakdown of tokenomics was incredibly insightful.

[mjs]

You can easily always spot the ones that bought in at the top.

[EatonLeslie]

so brave & honest. Molly you are the best

[funkynerd_com]

The web is broken because it is a reflection of society, and society is broken. This isn't new, it has always been broken. Do we fix the web in the hopes that it fixes society? Or do we need to fix society in order to fix the web? Take your pick I guess. Either way, the web was much better when it was just us nerds.

[MyEdTechLife]

I bought NFT and are with nothing. There is an education DAO that I bought into and see nothing happened. Now they are into AI and taking people in that direction.

[JaysonReis]

Wasn't semantic web the thing that Yahoo was trying to introduce in late 2000s?

[brunowindischmann]

If you do not have even one example for a non web3 scam. I hope this will end soon. If they woould only scam each other ist would be ok for me but they are destroying also the lives of others