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Communications of the ACM

ACM Opinion

Why You Can't Rebuild Wikipedia with Crypto

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Two bitcoin and a financial chart.

I started my "Web3 Is Going Great" project after seeing a few particularly horrendous ideas, as well as after I began to notice just how frequently these hacks and scams were happening." -Molly White

Credit: Pierre Borthiry/Unsplash

Molly White is a software engineer and creator of the website "Web3 Is Going Just Great."

"Web3 Is Going Just Great" chronicles the latest crises in NFTs, DAOs, and everything else happening in crypto. In an interview, White discusses the site's origins, her favorite crypto catastrophe, and why she thinks giving people financial stakes in projects will not create a host of new Wikipedia-style projects, as decentralization advocates often claim.

"It's concerning to me when people are trying extremely hard to get people to buy in to some new idea but aren't particularly willing (or even able) to describe what it is they're doing," White says. "I was seeing all of this hype for Web3 with all these new projects, but so many of them were just absolutely terrible ideas when you got past the marketing-speak and veneers."

From Platformer
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