Web3 is 99% fake

Robᵉʳᵗ Graham @ErrataRob
Yes, web3 is 99% fake — objectively so. The promise is “decentralized” stuff, but when you look at the details, you find that they are usually “centralized”. Any interaction with the real world breaks the “decentralized” model. Also, Ethereum itself is inherently centralized. Ethereum founders heavily invested in the DAO, and when the DAO was hacked due to a coding flaw, they rolled back the entire blockchain to recover their losses. I mention this because Ethereum’s founder is trending because he basically admits things aren’t quite as decentralized as claimed.