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Caught in the web · Gabe Stein

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Will replacing the attention economy with a speculation economy really more fairly distribute power?

So, here’s my basic problem with web3: I find that many of its critiques of web 2.0’s distribution of power are valid, but I’m pretty sure the way web3 tries to solve them are incoherent, at best, and self-defeating, at worst. A case in point this week is a piece , sent to me by a close friend, in which crypto investor Li Jin and writer Katie Parrot make their best case for web3 as a revolutionary new economic model for creators. Essentially, they argue that by monetizing attention, rather than content itself, web 2.0 gave too much money and power to platforms who could aggregate attention, an

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