In 2006, Paul Graham wrote a great post wherein he concluded that Web 2.0 was a credible term because it meant “using the web the way it's meant to be used.” I think this is a good lens to interpret the term Web3, and why it is still a useful term, in-spite of its baggage and any associated misdirection. Web3 is a set of expectations, about what the internet can and should be: native money, assets, ownable identity and media, transparency, automation, control, privacy, new institutions a...