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claims/is-web3-decentralized.md
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# 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.