Web3? I have my DAOts
I completely agree with the author. I&#x27;ve been reading a lot about the EVM, and while there&#x27;s some interesting technology involved, it feels unlikely to be able to support any worthwhile applications outside of blockchain finance or moving $ around the world[0] (since the code can really only directly reference the blockchain itself).<p>It&#x27;s a bit like playing with a programming language in a sandbox that has (1) has no I&#x2F;O functions[1], and (2) has enormous costs associated with even the most basic of computations. Ok, it&#x27;s not <i>like</i> that; it <i>is exactly that</i>.<p>Sure, you could build a crypto toy and convince some suckers to transfer some of their wealth to you, but calling it an app platform or the next evolution of the web is definitely a stretch. I sincerely wish that wasn&#x27;t the case (I&#x27;d <i>love</i> to find an exception), but that&#x27;s what I&#x27;ve come to conclude.<p>[0] Don&#x27;t get me wrong, there&#x27;s tremendous value in being able to move money around the world without the blessing of governments and central banks!<p>[1] Any interaction with entities outside the blockchain require oracles, and at that point, you might as well throw away the other benefits of being on a blockchain.