Dear journalists, please stop referring to Mastodon as “Web3”.

While Mastodon is decentralized, it doesn’t utilize blockchain or token-based economics.

While you may believe this buzzword makes you sound smart to readers, it really just generates confusion.

https://eandt.theiet.org/content/articles/2023/04/social-networks-face-the-wisdom-of-crowds/

@fediversenews

Social networks face the wisdom of crowds

Web3 promises a new world of social media where you are the boss. The problem? You are now the boss.

@atomicpoet @fediversenews It seems to me that "Web3" is beginning to mean much more than the narrow blockchain-based definition that the crypto bros originally gave it. As a catch-all term for all things decentralised, I don't mind it
@Stewart @Chris Trottier Originally, in mainstream media, #Metaverse referred to Zuckerberg's #HorizonWorlds because nobody except Neal Stephenson, his readers, the #OpenSimulator community and a select few others had heard that word before. For some media outlets, it still does.

#Web30 referred to what would follow on the heels of "Facebook's Metaverse" using blockchains, cryptocurrencies and NFTs as something allegedly essential and inevitable in the creation and operation of #VirtualWorlds. In other, fewer words: get-rich-quick schemes. Probably not few of them went under in the crypto crash, especially those that relied on existing currencies.

Unfortunately, neither mainstream media nor tech media nor their audience could hear the #SecondLife and #OpenSim users laugh. Since people believe the former shut down before spring 2009, and almost nobody has ever heard of the latter, the cryptobros can continue implying that blockchain, crypto and NFTs are absolute necessities for virtual worlds.
Netzgemeinde/Hubzilla

@yourfootmyface @atomicpoet @fediversenews they've already poisoned it, they can keep it