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
The term web3 has been around for 15 years. It used to be the semantic web that we never really got.
I always hated that the crypto-idiots claimed that term for themselves. I would not let them have it.
@fediversenews @aral
@claudius @atomicpoet @fediversenews @aral Yeah, I'm not a fan of "the semantic web" or crypto-scams. Using "Web3" for the fediverse is a way of retconning the crypto-mistake!