# 144 - Web3 Is Going Great!! with Molly White

*Author: Ryan Sean Adams, David Hoffman*
*Published: Nov 11, 2022*
*Source: https://www.bankless.com/144-web3-is-going-great-with-molly-white*

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Molly White is an engineer, public goods contributor, and an extremely articulate crypto critic. She also runs the web3 skeptic website: [https://web3isgoinggreat.com/](https://web3isgoinggreat.com/)

**P.S. Keep in mind, this episode was recorded on October 7, 2022 — way before any of the FTX meltdown occurred this past week.**

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### TIMESTAMPS 
0:00 Intro

7:35 How Great is Web3 Really Going?

8:10 Headline Selection & Website Goals

12:50 Molly is Anti-Crypto

13:36 Crypto’s Promises 

15:36 Are We Early?

17:35 Crypto’s Successes

20:23 Crypto’s Biggest Failures

21:50 Banks

26:22 Education Problem

28:10 The Future of Crypto

33:34 What’s Wrong with the Internet?

35:27 The Money Side of Crypto

37:38 Web2 to Web3 

42:23 Starry-Eyed Optimism 

54:04 Public Goods

1:02:00 Hyperfinancialization 

1:05:55 Show Me Fix It

1:08:34 Environmental Impact 

1:13:31 Crypto Idealists

1:16:52 Surveillance & Changing Business Models

1:20:40 Wikipedia

1:25:17 Decentralization

1:26:23 Advice For Crypto People

1:27:44 Closing, Resources, & Disclaimers

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#### RESOURCES
Molly White

[https://twitter.com/molly0xFFF](https://twitter.com/molly0xFFF)

web3 is going just great

[https://twitter.com/web3isgreat](https://twitter.com/web3isgreat)