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Wait, Web3 or Web 3.0 or web3

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Web3 or Web 3.0 or web3 sounds like a scam. What is really a Web3? No one actually knows and it is a myth from everyone who claims to understand. Similar to Bitcoin in 2009, many people think it was a scam. How can Bitcoin be like digital currency and had value to trade like a stock but no central organization manages it?! Let’s explore what Web3 really is a closed look.

TL;DR

Web3 is everything yet it is nothing. It has not yet been defined which is an opportunity for people to build one and define the future. It is likely the site runs on top of blockchain as a back-end and a portal to connect with other crypto products in the future.

Here is a 1 min summary of the article if you want to skip the reading.

The Next Big Thing

If you told to CEOs or founders in startups, they likely will sell you the next big thing is xxxx. Web3 is one of their topics to choose from. The next big thing is Web3. But what exactly is Web3? No one can really define Web3 but put everything together to piece the puzzle together. So the Wbe3 = cryptocurrencies + wallets + NFTs + DAOs + decentralized + privacy protection + open + trustless + permissionless network + … as many as you can image and exist from now on.

What Is Web3

Again, no one knows. People can self claim to be an expert to tell you what is Web3 but there is no official Web3 site that can tell people this is Web3. No wonder lie Elon Musk or Jack Dorsey is trying to witch hunt the Web3.

Web3 or Web 3.0 or web3

From the terminology, it seems it is a continuation of Web 2.0. Not sure it will improve Web 2.0 or discontinue web 2.0. If we choose Web 3.0, it implies that we will continue to improve Web 2.0. However, crypto is to eliminate big corporations and decentralize the system by eliminating third parties. It is likely has its own way to carry out the website. So it is more like web3. But web3 is like a non-profit organization that wants to provide an open-source for everything without profiting the technology. I do not think that is the case too because people own web3 as an asset. So it is likely a Web3 at the end which is decentralized yet people want to make a profit from it.

History of Website

Before jumping into details of Web3, we need to learn the history of the website.

Web1 or web 1.0 or web1

It started with website 1.0 with its leader Yahoo. The company was founded in 1994 and it is no longer exists. The product of website 1.0 is an email. It is the only product that survives from the website 1.0 revolution and continues being used currently. However, spam emails kill the usage of email and many startups want to kill email through other platforms like Discord or Slack. They haven’t been able to make an impact except for WeChat which completely kills the email in China.

Web2 or web 2.0 or web2

If Web1 makes people who are connected through the internet read, Web2 makes people talk to each other. Therefore, social media has been born to ruin your life. Too much talking with too much fake talking through the internet. It then caused people with symptoms like depression, FUD, FOMO, and many others yet to be introduced. Then again, spams ruin social media with scammers and spam messages everywhere just like did to email.

Web3 or web 3.0 or web3

It is unknown to people. What is next after you can read and talk. Possible more interaction is needed to express yourself wholly. To be able to completely show off yourself, you can put what you own on the internet and displace to everyone to visit (NFTs and Metaverse). You may create your own digital properties and share them with your friends (Metaverse). Or perhaps, you create a community to interact with people like yourself (DAOs). We still don’t know yet.

Please check my another article here: Smart Money Is Out, Institutional Money Is In

Is Metaverse a Web3

Facebook changes its name to Meta so that they can continue practicing its controversial algorithms as they brand to sell you an idea that “we cannot tell you because we do not know but we will hide our past wrongdoing through a new brand” strategy. They are pretty irrelevant to Web3 or Metaverse yet people hype about them which implied no one actually knows what Metaverse or Web3 is about. Before you can only text thumb up but now you can actually virtual thumb up. However, it does not make any difference when it comes to the fundamental questions on who controls the data. Facebook or Meta ignore the question completely. Therefore, the Meta is not Web3. Metaverse can be part of Web3 or completely separate from Web3.

Web3 Is Irrelevant

Whatever you try to explain Web3 or Metaverse, they are irrelevant to mainstream technology development. AI is just about to take off and it does brand itself too much before the Pandemic. It has over-promising many futures that cannot happen or will not happen in near future (within a decade). Same as Web3 does, the platform does not exist and will not be ready until decades to come. However, it does not discourage people from trying them and making them come true. Ethereum Foundation has some ideas about Web3 and shares them on their site. They are one of many aspects of Web3.

My Takes on Web3

I believe that Web3 can do better than previous generations of web technology. Of course, there will always be a downside. It may improve or even change what Web2 damaged us. It not only gives us back control of our own data, but it also can give us more opportunities to change the economy the way it used to do. I hope Web3 departs from Web2 and truly gives one the power to create a new way to identify oneself. Of course, spam will eventually come to ruin Web3 too.

In Conclusion

Web3 is a buzzword. Rather than people try to explain Web3, they put their hope on what Web3 will be like. It is a new era of technology that everyone participates in rather than one entity to determine the future. We shall see how it can become and will benefit everyone.


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Argentine Crypto Exchange Lemon Sheds Roughly 100 Jobs, Citing Challenging Industry Conditions

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Argentine Crypto Exchange Lemon Sheds Roughly 100 Jobs, Citing Challenging Industry Conditions



Lemon had planned to deploy almost the entire amount on its expansion in Brazil. Given the current context, its move into the South American country will be “more strategic and niche,” Cavazzoli said. The exchange put plans to expand into Chile, Colombia, Ecuador, Peru and Uruguay by the end of 2022 on the back burner.



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It’s time for crypto fans to stop supporting cults of personality

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It’s time for crypto fans to stop supporting cults of personality


Many of the centralized cryptocurrency platforms that collapsed this year had something in common: a young, outspoken and cocky leader. Each gained outsized influence not by virtue of outsized intellect or talent but because of their piles of money and large Twitter followings. And each time, misplaced trust in their abilities resulted in disastrous consequences. 

If crypto wants to avoid similar catastrophes in the future, it’s time for us to rearrange our leadership priorities. We need to ditch the cults of personality.

The theater of crypto on Twitter

Before FTX collapsed, founder Sam Bankman-Fried (SBF) had garnered a reputation as one of the loudest voices in the industry. He was active in the political world and frequently commented on what was happening in Web3.

Related: Disaster looms for Digital Currency Group thanks to regulators and whales

But perhaps most notable was his active involvement in a myriad of Twitter feuds and spectacles. SBF first stepped into the spotlight as the successor of SushiSwap after Chef Nomi abruptly abandoned the project — a drama that played out almost entirely on Twitter’s public stage. His ensuing Twitter antics, combined with the image of unstoppable success that FTX was broadcasting far and wide, gained him more than a million followers.

But even as SBF’s influence grew, it seemed he just couldn’t resist shitposting, regularly engaging with other Twitter users who threw stones.

Indeed, SBF’s penchant for Twitter drama played an important role in exposing FTX’s insolvency. It was his recent spat with CZ that ultimately led to the run on FTX’s deposits. His attention-grabbing antics carried on through the current ordeal, culminating in a bizarre series of cryptic tweets.

The loudest voices in the room

While SBF is the latest example of an industry figure whose highly public Twitter presence led to a highly public downfall, he certainly isn’t the first. Do Kwon and Su Zu, who were both at the center of monumental collapses earlier this year, were also notorious trolls. Do Kwon infamously sent an arrogant series of tweets just before Terra’s downfall, while Su Zhu’s infamously elusive comments during the 2021 bull run didn’t age well, either.

But, the leaders of failed platforms aren’t the only ones guilty of social media braggadocio. Binance’s CZ, after all, was just as guilty as SBF of engaging in their public Twitter feud earlier this month. Digital Currency Group’s Barry Silbert, who has been at the center of alarm related to the FTX fallout, has also garnered a reputation as a shitposter.

There are many, many more tweeters who have used online spectacle and trolling as a means of controlling the industry conversation. Think Ben Armstrong (aka “Bitboy”) and Jim Cramer, to name just a couple more. There’s a small army of them. And, even though many are purged in each bear market, their successors are increasingly turning into powerhouses too vocal and influential to ignore in the space.

We need to end the cults of personality

So what’s the solution? How can we better identify this personality type and use this recognition to avoid future pain?

Related: 5 reasons 2023 will be a tough year for global markets

Instead of focusing on building cults of personality, the crypto community needs to focus on platforms and leaders building products that use web3 primitives to solve problems in a manner that’s orders of magnitude better than anything we’ve experienced before. The crypto community needs to stop listening to the loudest voices in the room and start listening to the wiser, more experienced ones — even if they are sometimes quieter. And by the same token, we need builders with experience in creating real value for users to speak up more.

Ultimately, the answer lies with us and with the people that we, as an industry, choose to lionize. We need to learn how to identify and support builders building transparent, secure, high-quality applications and decentralized applications — regardless of how many followers they have.

Corey Wilton is the co-founder and CEO of Mirai Labs, the international gaming studio behind Pegaxy. A renowned speaker and play-to-earn thought leader, he began his first company within crypto in 2018, a customer support service designed to assist cryptocurrency companies with their customer service.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.



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About lithiumhosting Web Hosting

lithiumhosting Web Hosting Family Owned and Operated and 100% investor free, Lithium Hosting was founded in 2006 on a simple concept: good web hosting shouldn’t be expensive. There was once a day when providing affordable and reliable hosting meant you had to sacrifice quality of service – not anymore. Because this remain small, lean and agile, they are able to minimize overhead and offer quality service at a low price. And with a wealth of satisfied customers, this like to think they’ve done pretty well so far.

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lithiumhosting Web Hosting Overview

Hosting Namelithiumhosting Web Hosting
SupportVia Email, Live chat support, 24/7/365 Call Support or ticket systems
Website UrlClick Here To Visit
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Stored offsite for 10-30 days (as per plan)
1 click Restoration
No easy options for manual backup
Migration50 cPanel accounts or 10 non-cPanel accounts for freeOnly valid within 60 days of purchase
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It is very easy to transfer your website from exiting host to new hosting. lithiumhosting Hosting Offer Free Migration Service After Purchase Request Free Migration & Support Team Of Do The Rest.

lithiumhosting Hosting Price

lithiumhosting Price Start From $4.95/Mo. This Hosting comes with Cloud Shared Hosting, Business Cloud Hosting, Cloud Reseller Hosting. Each of the plans is suitable for the type of business you have, and they all have one goal – to make your website stand out from the rest.

lithiumhosting Server Response Time

One of the most important things to look for in a web hosting solution is its speed. You want your websites, web applications, and their content to load at a lightning-fast speed. That’s possible only when the web hosting solution qualifies for speed tests and analysis.

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Speed Test Result

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Your website is no good if it remains down. The entire functioning and uptime of your website are dependent on the hosting solution that you use.

lithiumhosting Data Centers Location

The more data centers that a cloud hosting solution has, the better. This is constantly focusing on increasing its reach and hold across the world.

The states or cities where the data centers of the cloud solution are located are-

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lithiumhosting Security

In any web hosting platform, security and technology play a major role in the company and customer success. Well, if you own a website, you need to keep it safe from online threats, right? This is where they proves to be a savior with its impressive security features. 

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lithiumhosting also has an exciting affiliate program put in place where you can earn a commission by referring people to lithiumhosting.

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Does this sound interesting to you? Wondering how you can become an affiliate on lithiumhosting? Well, you simply need to sign up as an affiliate and share referral links to promote hosting. 

lithiumhosting Hosting Features

Daily Backups

They provides daily backups for your websites to ensure that you never lose any content or important business information.

lithiumhosting Refund Policy

Similar to other hosting, you get a 30-day refund guarantee on lithiumhosting. This is great if you wish to test out all the features of the hosting plan and then decide if it is right for you!

However, it only applies to hosting services. If you purchase a domain or any add-ons along with your hosting account like SSL, Email Security, SEO Tools, etc, they won’t be refunded. 

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They accept payments through International debit and credit cards, Visa, PayPal, American Express, Maestro and Mastercard.

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One of the best features that a hosting solution can have is to be expanded worldwide. This is one of those providers that work hard to gather more audience globally and to keep it. This web host is spread on continents –America, Europe, Asia, and Australia. Since its beginning, this has managed to put data centers globally that care about the speed and the performance of the hosting platform. More precisely, the data centers are located in Beauharnois, Canada.

Maximum Performance

Speed matters, which is why ApisCP is built with meticulous consideration for all components. On average ApisCP’s backend can process over 13,000 privileged commands per second. Privilege escalation through careful API calls to its backend is just one way security comes first.

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