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

news.ycombinator.com

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

#71

Post by vkkhare »

timeon wrote: post #67
vkkhare wrote: post #52

Earlier quoted context omitted.

That's why not giving them ability to copy data, allow them to use that data only on your device and send aggregated information back. So they cannot copy the data

So they are going to run code at your home instead of using data directly. Maybe I'm missing something but this sounds bit naive to me. Most of those crypto solutions sounds just like detour with similar result in the end. Like you can have decentralized web now, you can host your video on your server. Maybe even p2p. Just the reach would be probably minimal. And you can have your own bitcoin wallet. I was downloadin…

I was thinking along ML. How analytics and ML happens on user data which is stored on data silos. For example, twitter has data about all our posts and interactions and uses that data to build recommendation models which it monetizes as to who comes on top.

In decentralized world, everyone can build their models, host them and train them on user data. But since, I wouldn't want my data to be used for any other purpose, I don't want them to make a copy of that data. So they send their models (after taking my consent) to my device, train it locally and send the aggregated model back.

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

#72

Post by blhack »

giantrobot wrote: post #59
blhack wrote: post #42

Web3 replaces storing things on webservices which are run by companies like Facebook or Twitter with storing things on blockchains. So yes, it is a crypto thing in the sense that it uses blockchain technology as the storage medium (sortof). You still need somewhere to store the data, but you can put pointers to those storage locations on chain. Web2: Twitter knows the URL to your avatar and decided what it is (usuall…

> Web3: The blockchain knows the URL to your avatar. You decide what it is and nobody can (practically) stop you. A blockchain knows some URL recorded in the transaction. You have to hope whatever service you want to use cares about that blockchain and the URL actually points to a usable and accessible resource. You can't store the avatar itself without it being stupid expensive so all you've got space for is a URL.…

If the service hosting my avatar decides to stop hosting my avatar, I can then change the url to something else because I actually own the pointer.

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

#73

Post by publiush »

giantrobot wrote: post #56
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…

The decentralized nature is immaterial if actual useful data/computations can't be performed by the network. Ethereum's chain is about a terabyte and the total compute power is less than a single raspberry pi. So you can't store a meaningful amount of data on it without insane fees nor can you do much in the way of processing. This means anything interesting exists off-chain. If interesting things exist off-chain...t…

If it stops being seeded, then the content is worthless.

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

#74

Post by armchairhacker »

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…

This used to be my understanding.

But decentralization isn't anything new: decentralized peer-to-peer networks have existed for a long time (Napster, BitTorrent, Tor). Calling decentralized technologies "web3" implies that they are new, not just revived.

Also, you don't have to go fully decentralized to avoid the extreme moderation of YouTube, Twitter, etc. Plenty of centralized forums exist which allow controversial or even full alt-right content, and generally the "centralized" internet of Cloudflare and registrars/ISPs won't take you down unless you're especially toxic or illegal. This could change in the future, so decentralized solutions are very important, but usually only as a sort of backup.

The web will definitely evolve until it deserves a new denotation "Web 3" distinct from "Web 2". But I don't think it will be the web3 everyone is talking about now, I think it will be something else.

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

#75

Post by giantrobot »

publiush wrote: post #73
giantrobot wrote: post #56

Earlier quoted context omitted.

The decentralized nature is immaterial if actual useful data/computations can't be performed by the network. Ethereum's chain is about a terabyte and the total compute power is less than a single raspberry pi. So you can't store a meaningful amount of data on it without insane fees nor can you do much in the way of processing. This means anything interesting exists off-chain. If interesting things exist off-chain...t…

If it stops being seeded, then the content is worthless.

Seeding focuses on recent or popular content with a particular preference for popular recent content. Seeding is a LRU model so does not reliably serve long tail content. The age or popularity of content is not necessarily a measure of its value.

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

#77

Post by alphabettsy »

blhack wrote: post #72
giantrobot wrote: post #59

Earlier quoted context omitted.

> Web3: The blockchain knows the URL to your avatar. You decide what it is and nobody can (practically) stop you. A blockchain knows some URL recorded in the transaction. You have to hope whatever service you want to use cares about that blockchain and the URL actually points to a usable and accessible resource. You can't store the avatar itself without it being stupid expensive so all you've got space for is a URL.…

If the service hosting my avatar decides to stop hosting my avatar, I can then change the url to something else because I actually own the pointer.

If you own the domain and self-host you can do this already.

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

#78

Post by kyruzic »

hatchnyc wrote: post #43
kyruzic wrote: post #6

Earlier quoted context omitted.

Its a marketing term in the same way web 2 is. That doesn't mean it isn't something new and useful though, just like web 2 was.

Most revolutionary/generational tech has started with an implementation or at least a proof of concept of something new and novel that subsequently drove interest in how it worked. Like Google Maps use of AJAX for infinite scrolling or Napster and peer to peer networks, or even Bitcoin and blockchain. I’m not aware of any such example for Web3.

The uniswap router.

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

#79

Post by kyruzic »

tim333 wrote: post #32
lowkey wrote: post #12

Earlier quoted context omitted.

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.

Your stock is not hosted on the web.

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

#80

Post by blhack »

alphabettsy wrote: post #77
blhack wrote: post #72

Earlier quoted context omitted.

If the service hosting my avatar decides to stop hosting my avatar, I can then change the url to something else because I actually own the pointer.

If you own the domain and self-host you can do this already.

Obviously the FBI can seize your domain, which has happened plenty of times.

But also: https://news.ycombinator.com/item?id=17083333

You don’t own a domain, you rent it.

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