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Why it's too early to get excited about Web3

  • Article
  • Dec 13, 2021
  • #Web3
Timothy O'Reilly
@timoreilly
(Author)
www.oreilly.com
Read on www.oreilly.com
2 Recommenders
2 Mentions
There’s been a lot of talk about Web3 lately, and as the person who defined “Web 2.0” 17 years ago, I’m often asked to comment. I’ve generally avoided doing so because most prognost... Show More

There’s been a lot of talk about Web3 lately, and as the person who defined “Web 2.0” 17 years ago, I’m often asked to comment. I’ve generally avoided doing so because most prognostications about the future turn out to be wrong. What we can do, though, is to ask ourselves questions that help us see more deeply into the present, the soil in which the future is rooted. As William Gibson famously said, “The future is already here. It’s just not evenly distributed yet.” We can also look at economic and social patterns and cycles, using as a lens the observation ascribed to Mark Twain that “history doesn’t repeat itself, but it rhymes.”

Using those filters, what can we say about Web3?

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Carlota Pérez @CarlotaPrez · Dec 19, 2021
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Anyone with excitement or doubts about crypto and Web3 should read @timoreilly's article. Among many questions, it asks the crucial one: how does crypto connect to, serve and produce for the real economy? Thoughtful and challenging!
Mariana Mazzucato @mazzucatom · Dec 19, 2021
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Wonderfully smart piece by ⁦@timoreilly⁩ on bubble behind crypto currency and Web3.0, with great references to work of ⁦@CarlotaPrzPerez⁩. Proud they are both part of ⁦@IIPP_UCL⁩ family!
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