18 lines
983 B
Markdown
18 lines
983 B
Markdown
# Is web3 a well-defined term?
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Web3 does not have any universally agreed upon definition.
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Web3 has been accused of becoming an intellectual nexus for many internet "thought leaders" to pontificate about grand visions of technical and financial reconfiguration largely detached from any concrete plans or implementations of these ideas. This may give rise to [bubble](bubble.md) detached from any progress on building real companies or technologies.
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Web3 has also been described as a means of doing [regulatory arbitrage](regulatory-arbitrage.md) on [securites](security.md) offerings to enrich venture capital firms.
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Web3 has been [criticised](https://www.stephendiehl.com/blog/web3-bullshit.html) as being an intentionally ambiguous buzzword.
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## References
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* [https://web3isgoinggreat.com](https://web3isgoinggreat.com)
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* [@diehl_web3_2021]
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* [@weaver_web3_2021]
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* [@white_its_2022]
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* [@morozov_web3_2022]
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* [@patterson_internet_2022]
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* [@oreilly_why_2021]
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* [@tante_third_2021] |