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> It is just text

This misses the point. Looking at a binary through a hex editor is also just text --- and the binary is also "just code", albeit at a level at which only few people are comfortable to work.

Obfuscated code (and generated code in general) is clearly not the preferred form, so it hardly even counts as source code.

But let's pretend your point were valid: would it remain valid with WebASM?

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FWIW, I agree with you, but

> But let's pretend your point were valid: would it remain valid with WebASM?

Yes (pretending GP's point were valid), because WASM has a text format[1], which is how "View Source" on the web is meant to be used for viewing WASM running in your browser. The text version can be derived from any WASM file (i.e. you can do the equivalent of beautifying JS to any arbitrary WASM).

[1] http://webassembly.org/docs/text-format/

Also, with the ever increasing level of software complexity many websites rely on, reading such text isn't as simple as it may seem, to give clear example, Google's default page in only one reference javascript file from apis.google.com has ~8000 lines of code, which is deliberately difficult to understand by itself: variables have weird names, lots of anonymous functions, and so on.

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