I really tried to be open minded and clicked your link. You lost me at:

> By combining Web2 (community interfaces) and Web3 (smart economies), we can launch the next generation of applications — which we refer to as Web5.

This is not how versioning works. It looks more like marketing coming up with the highest number possible without a meaningful increase in value delivered. (Remember the old PC magazines with 999+ games on a CD Rom?)

We used to call it Web4 but then Jack Dorsey changed the branding

I don’t recall people saying Blockchain is useless.

I do recall people having that sentiment about cryptocurrency, especially as it exists now, which is not precisely the same thing. And for a technology that’s been around so long it’s taking an awful long time to start solving problems at any noteable scale.

> I don’t recall people saying Blockchain is useless.

About half of the natives here have a hard time telling the difference between Crypto, Bitcoin, Blockchain, Web3 and NFTs

The moment any of theses words are uttered here, instant skin rash.

At this point in time, it's so predictable it's actually quite enjoyable.

These were known applications 5 years back. How are they now?

Well, we have some large paying clients and about a million community leaders that we plan to reach out to, once we launch the Software as a Service. We use the Factory pattern so you just fill in a form, press a button to launch the smart contracts, then grab a widget and put it on your site. Then invite everyone.

We have been spending a long time and $ on third party security audits etc.

So I need to buy and use token and set up a wallet, isn’t that a lot of friction?

Pulling out your credit card and entering numbers is also a lot of friction. Especially if you are not in a Western country

Setting up crypto wallet vs the already familiar credit card seem like a step up in friction. It’s extremely unfamiliar to most people I’ve found.

What’s the most difficult thing about setting up a crypto wallet?

Just ask someone who doesn’t know crypto to set one up and see the at they look at you

"an open mind" to getting rug-pulled?

How, pray tell, are you getting rugpulled with say Intercoin’s blockchain applications?

When it was posted on HN, it’s very telling that the MAJORITY of TOPLEVEL comments were all downvoted into oblivion … any response other than “yeap, web3 sucks” is unacceptable on HN https://news.ycombinator.com/item?id=36128484