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ACM Opinion

Web3 Threatens to Segregate Our Online Lives

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A conceptual 3D illustration of an NFT marketplace.

Web3 has the potential to make our lives more democratic, but it is not a silver bullet. Scale is an insurmountable problem, so is capitalistic greed.

Credit: Getty Images

It is a guarantee that Web3 tech will be used to squeeze as much money from users as possible, as Web2 did before it, and the reward for buying content or any other profit-increasing activity will be governance.

If future platforms do make the terrible decision to use governance tokens to share moderating power, the legal nightmare of being responsible for hate speech, incitement to riot, etc., would be impossible. The consequences would be chaotic, and such a platform might be seriously unsustainable.

From Wired
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