What the Future Holds
What we see, then, is a tug-of-war between competing ideas. On one hand, we can relinquish control to Big Tech and enjoy all the amenities that come with that, or we can take back control and see where that leads. Should we choose the first path, instead of Web3, we get something more like Web 2.5 — an extension of what we have already. If we choose the latter, however, as Stephen Diehl says in his blog post Web 3 is Bullshit, “Technology won’t save us from having to ask the hard questions of who should have the power to control our digital lives”. And, even as Web3 is ushered in, there is evidence that today’s financial powerhouses are already moving to co-opt this new technology to maintain control. The question of regulation will also continue to cast a great shadow over us — a web filled with hatred and bigotry will only serve to alienate most people, which means that decisions about what gets to stay online and what should be removed will still need to be made if it is to remain as social and accessible as it is today. Regulation is also important in another sense as we have seen how vulnerable the less tech-savvy early adopters of blockchain technology are, with endless reports of people falling prey to pump-and-dump schemes and many other exploits.
As tech enthusiasts who get our kicks out of popping off the hood to figure out how new technologies work, we may be liable to overestimate how much people care about how their technology works. What we see, in reality, is the widespread adoration of Apple’s “it just works” philosophy that allows people to simply enjoy their gadgets without having to get their hands dirty. With that in mind, I am inclined to believe that a Web3 where people will have to do more of the grunt work of setting up their online presence, keeping themselves secure, and managing their identity will have far less appeal than one where things just work. Yet, the cost of that is having to live with the knowledge that powerful entities not only hold our data but also know the tiniest details about what we do online and have the power to control what we can and cannot see online, while also having the power to banish us from all that the web has to offer.
Amidst all this uncertainty, we have no reason to believe that the web (or any technology, for that matter) will stop evolving. As I said earlier, there is no clear cut-off point between webs 2.0 and 3.0. In many ways, Web3 is already here, yet adoption will determine whether or not the vision as outlined by its proponents will solidify. On the other hand, Web 2.0 pioneers like Mark Zuckerberg are hard at work, building their own vision of what the next epoch of the web should be. What’s certain is that, as web technologies have become more powerful, they have also become more invaluable to us, ensuring that whichever way the cookie crumbles, there’s something at stake for all of us.