This Week in Startups Web 3 is Going Great with Molly White | E1396
Mar 1, 2022
Molly White, creator of "Web3 is Going Great," dives deep into the murky waters of the Web3 space. She discusses the role of cryptocurrency in supporting Ukraine amidst conflict, shedding light on both the benefits and challenges. The conversation covers the alarming rise of scams in the crypto world, the misleading hype surrounding Web3, and the toxic dynamics within the community. Molly also critiques Bitcoin's environmental impact and raises questions about the accountability of celebrities in the NFT space.
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Web3 Critique Origins
- Molly White's Web3 critique stems from her Wikipedia editing background and software engineering expertise.
- Witnessing Web3's concerning growth, she felt compelled to investigate its impact.
Website Launch and Reception
- Molly White launched web3isgoinggreat.com in mid-December, initially as a small project.
- It unexpectedly gained popularity, filling the need for clear explanations of Web3 scams.
Web3's Technological Novelty
- Web3 repackages existing technologies like decentralized hosting and ledgers as new.
- Its novelty lies in cryptocurrencies, which Molly White believes lack a future.