Question: Where's Web 3.0?

Is is here yet? How would we know? That's the problem -- there is no one definition which everyone agrees on. For example, Reed Hastings, founder of Netflix, had this to say about the web:

Web 1.0 was dial-up, 50K average bandwidth, Web 2.0 is an average 1 megabit of bandwidth and Web 3.0 will be 10 megabits of bandwidth all the time, which will be the full video Web, and that will feel like Web 3.0.

So in his mind, Web 3.0 could be considered a completely video web where people communicate in two directions using video. We are starting to see this, of course, with the rise of video sharing sites like YouTube. You will still be able to find the best diet pill out there, but maybe this time the search will involve videos of people's testimonials, clinical research or infomercials.