Making Sense of Crypto and Web3 (web3.lifeitself.us)

This is a collaborative project documenting the crypto and web3 with academic sources and citations, the link to contribute is below:

https://github.com/life-itself/web3

What makes me extremely skeptical of "Web3" is the marketed nature of it. The terms "Web 1.0" and "Web 2.0" were never used at the time of their emergence; those labels were applied after the fact (or once things were well on their way to the mainstream).

No I dont want to give you my email to get the Updates. I am not even going to scroll 3 feet down to see if you have anything more to sell me.

Or is this "Web3"? It all makes sense now.

Nothing to make sense of. It's all a scam.

I was all set to complain about this, but the wiki is pretty on point:

> Crypto Asset: A digital asset that is traded on a blockchain. Crypto assets have no use-value, no fundamental-value, and no income-cashflows and are a manifestation of the greater-fool-theory.

From https://web3.lifeitself.us/concepts/cryptoasset. It also describes crypto assets as "libertarianism performance art".