– What is Web 3.0, and why is it a big deal?
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Simple answer: It’s not. It’s based around the idea of cryptocurrency, which itself lacks use. All the important parts of society demand payment in their national legal tender and only that. Cryptocurrencies use cases are speculation for more legal tender, money laundering control evasion (including taxes), and purchasing illicit goods or services (including ransom payments). None of this is economically useful and most of it can land you in jail.
“Decentralized internet” just means more people inefficiently using someone else’s hardware and infrastructure. There’s *a lot* of money and expertise involved in a operational high speed Internet.
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