Democracy solves the Byzantine agreement problem just fine already. I like the aspects of decentralisation that help you preserve democracy, but beyond that it’s not necessary to replace every single aspect of a functioning democracy with a cryptographic commitment scheme. It would be worse if you did. That vision of society sounds terrible.
(I can’t comment on this without noting that of all the interpretations of the name web3 I’ve seen so far, “a cryptographic commitment scheme” is the least novel idea, and the least to do with “the web” or anything related to it that I have seen. There is simply no way that is what web3 means. The author is describing smart contracts, and if that’s what it is, it is intellectually dishonest to be promoting “web3” as a new idea when smart contracts have been around for years and have had very little impact on society due to fundamental limitations like “not being capable of adjudication by a court, which is actually desirable and basically non-negotiable for 99% of people and corporations alike”. Talk about whether attempting to put better UX in front of them (a much more plausible definition of web3) is capable of remedying the basic flaws. Otherwise talking about it like this is a dishonest attempt to skirt around the debate that’s largely been had already, much like Facebook rebranding itself just as the PR heat got too much.)
(I can’t comment on this without noting that of all the interpretations of the name web3 I’ve seen so far, “a cryptographic commitment scheme” is the least novel idea, and the least to do with “the web” or anything related to it that I have seen. There is simply no way that is what web3 means. The author is describing smart contracts, and if that’s what it is, it is intellectually dishonest to be promoting “web3” as a new idea when smart contracts have been around for years and have had very little impact on society due to fundamental limitations like “not being capable of adjudication by a court, which is actually desirable and basically non-negotiable for 99% of people and corporations alike”. Talk about whether attempting to put better UX in front of them (a much more plausible definition of web3) is capable of remedying the basic flaws. Otherwise talking about it like this is a dishonest attempt to skirt around the debate that’s largely been had already, much like Facebook rebranding itself just as the PR heat got too much.)