Content-type: text/html Downes.ca ~ Stephen's Web ~ What Is Web3, and Could It Usher a New Economic System?

Stephen Downes

Knowledge, Learning, Community

Imgur has a clever parody running today; I saw it here but it's probably gone now; view my capture here. It replaces the traditional 'up' and'down' voting arrows with cryptocurrency icons, the result being a 'value' created for each contribution. In a sense this parody represents the 'new economic system' contemplated here by Irving Wladawsky-Berger. The parody is funny because Imgur's rankings are really arbitrary and capricious, and converting them to currency would distort them beyond recognition (and take all the fun out of them). And that's the fear about web3 (and ed3, the online learning analogue). See also: Dion Hinchcliffe.

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Stephen Downes Stephen Downes, Casselman, Canada
stephen@downes.ca

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Last Updated: Oct 09, 2024 3:40 p.m.

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