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