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Ask HN: Is Web 3.0 just crypto or something more?

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Re: Ask HN: Is Web 3.0 just crypto or something more?

#31

Post by derbOac »

publiush wrote: post #11

Web 3.0 utilizes crypto in order to build something more than just the cryptocurrencies built in the past. A blockchain is useful in a decentralized system where a shared ledger is required. There are several different types of projects that are branding themselves Web3 -- and I think they are all correct; Web3 is a totally new web built by the people and controlled by the people. > encompensate technologies like edg…

Not to suggest blockchains don't have a role in a decentralized internet, but on the other hand aren't there a lot of decentralized resources, made or to be made, that don't require crypto or blockchain at all?

I think this is where some of the confusion and skepticism comes from. Often in W3 discussions there seems to be a push to find a way to use crypto rather than an explanation of a resource, period. If a decentralized product includes blockchain or crypto, I'm immediately skeptical and expect a good explanation for why the product can't exist without it. Usually it seems like the product doesn't need it or could be built on some other option.

I'm all for decentralized and federated solutions, but they do tend to be slower and more resource-intensive. Blockchain most of all.

Re: Ask HN: Is Web 3.0 just crypto or something more?

#32

Post by tim333 »

lowkey wrote: post #12
vkkhare wrote: post #10

Earlier quoted context omitted.

Web 2 as a term itself was coined much later when people needed to distinguish web 3 from status quo

For users Web1: read only Web2: read-write Web3: read-write-own

How do I own? I mean I realise I can buy NFTs which I guess are "web3" but then I can buy a bunch of stuff on the normal web including stock in facebook etc.

Re: Ask HN: Is Web 3.0 just crypto or something more?

#34

Post by jt2190 »

Strom wrote: post #18
diego wrote: post #9

As I understand it, the gist of web3 is to do away with the need for having centralized organizations who control a particular resource. For example domain names, identities, speech. In the beginning, the web was supposed to be an egalitarian and democratic space. Of course corporations and governments seized as much control as they could. Today we have companies that dictate arbitrary rules. For example, there is no…

I think there are two fundamental issues that need some addressing: 1) Either the decentralized software system can't easily be updated without true consensus - which will make it slow and cumbersome (like bitcoin) or there will be a central authority that can just change the rules at any point - which will make it centralized (like Ethereum Classic vs Ethereum fork). Every web 3.0 related tech that I've peeked at lo…

> Every web 3.0 related tech… claims to be decentralized, but is actually controlled by some central authority that is authoring the whole thing.

Can you elaborate a bit? Are you saying that ultimately things start looking like competing groups or that they start looking like a single group?

Re: Ask HN: Is Web 3.0 just crypto or something more?

#35

Post by vkkhare »

lowkey wrote: post #12
vkkhare wrote: post #10

Earlier quoted context omitted.

Web 2 as a term itself was coined much later when people needed to distinguish web 3 from status quo

For users Web1: read only Web2: read-write Web3: read-write-own

I do care if that data gets leaked or if that data is used by third party companies for things I have bought and I do not want them to know. Why should a bank do my credit scoring based on my what am watching on Amazon or what books am I reading

Re: Ask HN: Is Web 3.0 just crypto or something more?

#37

Post by vkkhare »

stathibus wrote: post #27

The only people talking seriously about web 3.0 are selling a crypto product, therefore it is a crypto product marketing term.

That's what I am worried about, from its description the intent looks good but being aligned to only one industry or vertical defeats the purpose of ubiquity. People wouldn't trust it if they all just see is a volatile currency

Re: Ask HN: Is Web 3.0 just crypto or something more?

#39

Post by gjs278 »

andrewxdiamond wrote: post #17
kyruzic wrote: post #7

Earlier quoted context omitted.

Quoted post unavailable.

This style of straw man argument only serves as a means for _you_ to justify your own perspective. Be careful with these, they are how the extreme fringe (flat earth, anti-vax, etc) get to where they are. I think you’ll find the vast number of people here do not care, just like they are not salty they didn’t buy a winning lotto ticket.

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