Slide 33
Slide 33 text
What’s Web3? (3/3)
Then things got somewhat strange
. . .
“What makes Web3 different — and more than a little weird — is that it would build financial
assets, in the form of tokens, into the inner workings of almost anything you do online”
— Olga Kharif, “What You Need to Know About Web3, Crypto’s Attempt to Reinvent the Internet”, Bloomberg (2021)
Why do they want to do it? (Do you want to do it?)
Perhaps because, after all, only tokens can express “ownership” in the blockchain?
(original development motivation)
Tokens can be freely disposed of by their holders → realization of the modern concept of ownership
But does that mean you own the data? Is “owning” a “better way” in the first place?
Is it a belief (or assumption) that all of society’s problems can be solved by incentives?
This may be a belief that we can’t solve our problems without using humans,
Because the only party to whom assets can be exercised is human
(nature does not accept money)
What about the fear of being wiped out in some way as a result of diversity being compromised because everyone works
with the same incentives?
Lecture 5 : The World of Apps (1) — FinTech — Financial Innovation and the Internet 2023 Fall — 2023-11-10 – p.33/35