I'm commenting on the following passage written by Kyle Sammani on his article entitled "How Crypto Will Change Capitalism as we Know It" posted on Forbes on 04 October 2017:
'When crypto libertarians talk about “trustless” commerce, they’re talking about cutting out the middlemen and rent seekers: the network operators. They’re talking about connecting network participants to one another – both businesses and consumers – without middlemen.'
In Web 3.0, initially there will be no middlemen. But eventually business models will evolve and we will see new breed of intermediaries providing new types of services or utility that we have yet to imagine.
Remember the internet was originally envisaged as a decentralized infrastructure, but look at the different online intermediaries today providing different kinds of services. We now have social media platforms, search engines, and ride-sharing apps. We did not have anything close to them before the internet.
History does not repeat, but it rhymes. I don't think it's far-fetched to say that we could see new forms of middlemen in Web 3.0 and that may not necessarily be a bad thing.
For the full article posted by Kyle Sammani, see this link: