One of the reasons I was excited to get LGBcoin.io was to start to screw around with Web 3.0. I think Web 3.0 is going to be a huge thing. I am excited about it.
I got news for you. The current experience there sucks. It reminds me of the early days of the world wide web prior to Netscape. I used to use my dial up modem and get online using America Online. They had a “webcrawler” think you could plug addresses into to try and search things on the web. Those were back in the days when the voice would say “you’ve got mail” and you actually would be excited.
This is literally what it was like.
One thing with centrally planned infrastructures, they work and they are generally easy to use. Anyone that didn’t know how to use Facebook, Amazon, or the other gargantuan internet companies could easily sign up and figure it out quickly.
Web 3.0 isn’t like that. At least it’s not for me.
The keystrokes needed to send and receive stuff aren’t plain and intuitive. I can’t get my browser wallet to sync with my phone. If you need help, there mostly are no people to talk to. I am using Metamask, and so far it’s been pretty terrible. Maybe other wallets are better but I am hearing they aren’t.
That means engineers working on Web 3.0 need to stop thinking like engineers. Engineers are great problem solvers, but they often aren’t great person people. They lack the emotional intelligence to understand or appreciate the “soft skills”.
Trading crypto is far different. Mostly, it’s centralized exchanges listing product and all you do is buy or sell. Sure, they might present it differently in the interface, but we are used to using other more established brokerage firms’ software to buy or sell stuff. By the way, it’s really easy to build a matching engine to match up trades. The hard stuff is pays, collects, clearing and settlement.
Sending tokens across the web isn’t intuitive like speculating in crypto.
I know a lot of younger people do it and I will get the “Hey Boomer” treatment. However, Web 3.0 doesn’t take off until it’s super easy to use. That’s not the case today.