Web3 is centralized and inefficient

===

The door refused to open. It said, "Five cents, please." He searched his pockets. No more coins; nothing. "I'll pay you tomorrow," he told the door. Again it remained locked tight. "What I pay you," he informed it, "is in the nature of a gratuity; I don't have to pay you."

"I think otherwise," the door said. "Look in the purchase contract you signed when you bought this conapt."

...he found the contract. Sure enough; payment to his door for opening and shutting constituted a mandatory fee. Not a tip.

"You discover I'm right," the door said. It sounded smug.

===

Many people join in to fix it, that's exactly what Alchemy, Infura, OpenSea are and were, many people that would be interested are first exposed to offputting characters that don't know anything but who believe every sales pitch. I mostly think the lack of standardized education on this is what creates these outcomes of the latter population. Since some of them would be useful to have in that space.

Didn't Ethereum recently disclose a major settlement vulnerability discovered by a researcher that could've forced a hard fork had this person chosen to exploit it? He got a multi-million dollar bounty for it I believe.

This kind of certain optimism that nothing will go wrong with a piece of software reminds me of all the people back in 2007 that said the housing market could never collapse because it never had before. Folks buy into the idea so much that they forget at the end of the day, it's computers running code and shit happens all the time.

EDIT: I believe this was the story I was referring to, he received $2M[0]. There have been multiple major vulnerabilities discovered in the last couple of years.

[0] https://www.benzinga.com/markets/cryptocurrency/22/02/255731...

Sure, you could scan blockchains and extract NFT data yourself, and sure you could run your own node for every blockchain that interests you (paying god only know how much for storage and bandwidth). Just like how in web1 you could run your own email server to handle email and have your own blog server to publish info and your own git server to host your code and your own domain name to put it all under…

But it turns out that exceptionally few users actually care about putting in the time/effort/money to do that. Hence the rise in web2 and platforms. The people who run their own infra now are all doing it more as a hobby than anything else.

Like it or not, recentralization is the future of web3 for the average consumer. You can be a crypto decentralization purist, but I hope you realize that you’ll be the minority in that, if crypto/web3 actually is to gain widespread adoption.

For the average consumer, convenience is the real feature, and true decentralization is inconvenient.