Web3 is a Scam, Not a Revolution w/ Stephen Diehl

Paris Marx is joined by Stephen Diehl to discuss why technologists are divided on crypto, what’s wrong with blockchain, why crypto assets are scams, and why web3 is a rebranding effort.

Stephen Diehl is software engineer and crypto skeptic based in London. Follow Stephen on Twitter at @smdiehl.

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Tech Won’t Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Follow the podcast (@techwontsaveus) and host Paris Marx (@parismarx) on Twitter, and support the show on Patreon.

Find out more about Harbinger Media Network at harbingermedianetwork.com.

Also mentioned in this episode:

Stephen has written about how to understand crypto assets, the problem with “decentralization”, the speculative mania inherent to crypto, why web3 is bullshit, and more on his blog.Some guy bought a beer with crypto and it showed one of the big flaws with using crypto as a means of payment.Andreessen Horowitz one of the main players lobbying for lax crypto regulations in the United States.How Albania’s pyramid scheme crisis in the 1990s holds lessons for the today’s crypto mania.David Golumbia was on episode 67 (July 1, 2021) and Olivier Jutel was on episode 75 (August 26, 2021).

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