‘Extortion’: Why Web3 is making a lot of software developers angry

Tell me about how you got interested in the Web3 space?


‘Extortion’: Why Web3 is making a lot of software developers angry

I’ve been on the Internet now for over 30 years. I’ve seen the cycles of things, and I saw the birth of crypto. Like many engineers, I picked it up, looked at it, assessed it, and figured I didn’t have a use for it. Compare that to an iPhone, where the use case is immediate, it wasn’t like that with crypto, it’s been searching for a use case outside of ransomware, which has caused billions of dollars of damages to corporates and individuals.

In peak crypto-mania, I started to hear this notion of “Web3”. People came along and said “our new thing is the next iteration of the internet”. And that pissed off a lot of engineers. The next generation of the internet was already clearly defined - the inventor of the worldwide web had a definition for it, companies had been founded to that vision. But people with cryptocurrency are trying to bring more people in, with claims of a better internet - which are false - so they can exit and get liquidity. And they’re calling this the Web3 boom.

So at that point, a lot of the engineers started really paying attention and some of us decided we needed to step up. So, I started looking into NFTs last November, and I created a little performance art website called TheNFTBay, based on the Swedish Pirate Bay. I wanted to educate people about what an NFT is, and there was already some popular culture about if an NFT is an image, what is the value of the image if I can just get it for free? Just right-click, save. So, that went very viral.

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