jeffemmett
/
web3
1
0
Fork 0
Code Issues Pull Requests Packages Projects Releases Wiki Activity

title fix

This commit is contained in:
EilidhRoss1 2022-07-21 17:31:20 +01:00 committed by GitHub
parent ce7965ad5e
commit f1d38bcaa8
No known key found for this signature in database
GPG Key ID: 4AEE18F83AFDEB23
1 changed files with 3 additions and 3 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

6
claims/is-web3-decentralized.md
View File

@ -1,8 +1,8 @@
# Web3 is not decentralized
# Is web3 decentralized?
In all scenarios web3 still requires central parties for its technical operation and simply involves [recentralization](../concepts/recentralization.md) of services that already exist. Since web3 is centralized then it has neither the [censorship resistance](../concepts/censorship-resistence.md) properties or [decentralization](../concepts/decentralization.md) claims its myth-making and marketing claims.
Web3 is either a completely nonsensical buzzword, or a term about reinventing existing business models either poorly or as a thinly veiled scheme for securities fraud for transferring wealth from the public to a few (centralized) operators of the scheme.
See [our summary](https://web3.lifeitself.us/notes/deconstructing-decentralization) of Angela Walch's ‘Deconstructing ‘Decentralization’: Exploring the Core Claim of Crypto Systems’.
## References
1. Walch, Angela. 2019. ‘Deconstructing ‘Decentralization’: Exploring the Core Claim of Crypto Systems’. C. Brummer (Ed.), Crypto Assets: Legal and Monetary Perspectives, 1–36. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3326244.
@ -29,4 +29,4 @@ Web3 is either a completely nonsensical buzzword, or a term about reinventing ex
1. Rocas-Royo, Marc. 2021. ‘The Blockchain That Was Not: The Case of Four Cooperative Agroecological Supermarkets’. Frontiers in Blockchain 4 (April): 1–10. https://doi.org/10.3389/fbloc.2021.624810.
1. Sai, Ashish Rajendra. 2021. ‘Towards a Holistic Assessment of Centralization in Distributed Ledgers’. https://ulir.ul.ie/handle/10344/10766.
1. Sai, Ashish Rajendra, Jim Buckley, Brian Fitzgerald, and Andrew Le Gear. 2021. ‘Taxonomy of Centralization in Public Blockchain Systems: A Systematic Literature Review’. Information Processing and Management 58 (4): 102584. https://doi.org/10.1016/j.ipm.2021.102584.
1. Schneider, Nathan. 2019. ‘Decentralization: An Incomplete Ambition’. Journal of Cultural Economy. https://doi.org/10.1080/17530350.2019.1589553.
1. Schneider, Nathan. 2019. ‘Decentralization: An Incomplete Ambition’. Journal of Cultural Economy. https://doi.org/10.1080/17530350.2019.1589553.