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Is Web3 anything?

chris-granger.com

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Re: Is Web3 anything?

#421

Post by peoplefromibiza »

throwaway405769 wrote: post #360
roberrrrrrt wrote: post #354

Earlier quoted context omitted.

> it's running completely on smart contracts The human judges/arbitrators aren’t, and they’re what’s critical. The contract cannot be sensibly completed without their input. So you have an escrow system where human judges need to supply critical information. I’m left having to trust the human judges, unsurprisingly. Running this basic escrow code on the blockchain means that I no longer have to trust the kind of basi…

> Running this basic escrow code on the blockchain means that I no longer have to trust the kind of basic escrow code that’s used in centralised escrows Yes, it means that you will 100% know that the escrow website is not gambling your money away, that it won't out of the blue ask you to supply more documents when it finally comes the time for you to get paid, it means that the escrow won't get hacked and your PII wo…

> you will 100% know that the escrow website is not gambling your money away

no, you won't

> Smart contracts are just a simpler and more transparent way to deal with finance.

no, they aren't

Re: Is Web3 anything?

#422

Post by ur-whale »

ModernMech wrote: post #327
ur-whale wrote: post #283

Earlier quoted context omitted.

> before he gives the green light on an invasion And the reason why the USistan should entangle itself in that mess is ... what exactly?

https://en.m.wikipedia.org/wiki/Budapest_Memorandum_on_Secur... The Budapest Memorandum on Security Assurances refers to three identical political agreements signed at the OSCE conference in Budapest, Hungary on 5 December 1994 to provide security assurances by its signatories relating to the accession of Belarus, Kazakhstan and Ukraine to the Treaty on the Non-Proliferation of Nuclear Weapons. As a result, between 1…

Thanks for this, that is a fair point, and I was not aware that these events had taken place.

[EDIT]: Whatever happens to nukes that are "given up on". That's a lot of fissile material.

Re: Is Web3 anything?

#423

Post by throwaway405769 »

peoplefromibiza wrote: post #421
throwaway405769 wrote: post #360

Earlier quoted context omitted.

> Running this basic escrow code on the blockchain means that I no longer have to trust the kind of basic escrow code that’s used in centralised escrows Yes, it means that you will 100% know that the escrow website is not gambling your money away, that it won't out of the blue ask you to supply more documents when it finally comes the time for you to get paid, it means that the escrow won't get hacked and your PII wo…

> you will 100% know that the escrow website is not gambling your money away no, you won't > Smart contracts are just a simpler and more transparent way to deal with finance. no, they aren't

Cope.

Re: Is Web3 anything?

#425

Post by throwaway405769 »

peoplefromibiza wrote: post #416
throwaway405769 wrote: post #377

Earlier quoted context omitted.

>who decides? and how I was talking about Kleros at the beginning of the discussion, but it's just one possible option. >You can only hire someone for a job if you have the money. No, you can only hire someone for a job using this specific method if you have the money beforehand. This means that Bob can be 100% sure that his employer is capable of paying him. >In reality many people hire someone for a job and thanks…

> I was talking about Kleros so a private service that need people to invest money in ether to participate... Is this your idea of justice? Some faceless arbiter, subject to nobody? Why I am not surprised that your ideas closely match how authoritarian system (and dystopian cyber punk worlds) work? > This means that Bob can be 100% sure that his employer is capable of paying him. But he's not sure he's going to actua…

>Why I am not surprised that your ideas closely match how authoritarian system (and dystopian cyber punk worlds) work?

Imagine calling P2P voluntary interactions authoritarian...

>You're avoiding the answer, and I understand you, it's hard to come with an answer when your design have bugs.

I'm not avoiding an answer, I gave you it clear and straight.

>If Alice dies Bob get his money.

Correct.

>There no way to stop it from happening.

>What if Bob is a minor or the employer is a minor? >That would make the contract void in real life.

Depends on jurisdiction.

>Should people publish their personal info on the public blockchain so that the smart contract can exclude them from proposing or accepting a job?

They can do whatever they want.

>And how do you check that the informations are correct?

Idk. I wasn't proposing putting public info on the blockchain, it's your problem.

>What if Bob is an immigrant running from a regime and has no way to prove who he is, but needs the job to survive?

Bob would be delighted to know that he can interact with a permissionless network that does not require an ID and get paid for his work without revealing his identity.

>you'd need to basically recreate what government do today, without the enforcement of the law capability.

Nope.

>who would trust a system like that, except outlaws and scammers?

People who like efficiency and don't like intermediaries.

Re: Is Web3 anything?

#426

Post by peoplefromibiza »

throwaway405769 wrote: post #423
peoplefromibiza wrote: post #421

Earlier quoted context omitted.

> you will 100% know that the escrow website is not gambling your money away no, you won't > Smart contracts are just a simpler and more transparent way to deal with finance. no, they aren't

Cope.

you're replacing trust (to handle with care) with blind faith.

who's the one looking for miracles here?

the only thing you can be "100% sure" is that we're all going to die.

the second one is that cults will try to convince other people that they are the only true cult.

Re: Is Web3 anything?

#427

Post by peoplefromibiza »

throwaway405769 wrote: post #425
peoplefromibiza wrote: post #416

Earlier quoted context omitted.

> I was talking about Kleros so a private service that need people to invest money in ether to participate... Is this your idea of justice? Some faceless arbiter, subject to nobody? Why I am not surprised that your ideas closely match how authoritarian system (and dystopian cyber punk worlds) work? > This means that Bob can be 100% sure that his employer is capable of paying him. But he's not sure he's going to actua…

>Why I am not surprised that your ideas closely match how authoritarian system (and dystopian cyber punk worlds) work? Imagine calling P2P voluntary interactions authoritarian... >You're avoiding the answer, and I understand you, it's hard to come with an answer when your design have bugs. I'm not avoiding an answer, I gave you it clear and straight. >If Alice dies Bob get his money. Correct. >There no way to stop it…

> Imagine calling P2P voluntary interactions authoritarian...

many nazis volunteered.

it's funny that people like you, who don't have a clue about what they're talking about, think they are so edgy that have something to teach to the humanity as a whole.

> Bob would be delighted to know that he can interact with a permissionless network that does not require an ID and get paid for his work without revealing his identity.

so basically Bob the pedophile could work with kids and nobody would ever know, until it's too late.

Or Bob the racist could employ black kids from developing country and everyone would be OK with that.

Bit most of all nobody could stop Bob, because nobody knows who he is!

That's a great advancement for society!

Of course bad people of the World would be delighted, I bet they would!

I'm starting to think you're one of them.

> People who like efficiency and don't like intermediaries.

exactly: mobsters, criminals, scammers, etc etc

there is nothing to gain for the common people. they can only lose the few protections they have left.

Re: Is Web3 anything?

#428

Post by throwaway405769 »

peoplefromibiza wrote: post #427
throwaway405769 wrote: post #425

Earlier quoted context omitted.

>Why I am not surprised that your ideas closely match how authoritarian system (and dystopian cyber punk worlds) work? Imagine calling P2P voluntary interactions authoritarian... >You're avoiding the answer, and I understand you, it's hard to come with an answer when your design have bugs. I'm not avoiding an answer, I gave you it clear and straight. >If Alice dies Bob get his money. Correct. >There no way to stop it…

> Imagine calling P2P voluntary interactions authoritarian... many nazis volunteered. it's funny that people like you, who don't have a clue about what they're talking about, think they are so edgy that have something to teach to the humanity as a whole. > Bob would be delighted to know that he can interact with a permissionless network that does not require an ID and get paid for his work without revealing his ident…

Crypto is the most anti-authoritarian and anti-nazi technology of 21st century. It empowers the individual and makes them less vulnerable to state violence, like getting their wealth confiscated because of their ethnicity.

You've proven multiple times that you have no idea what you're talking about.

Re: Is Web3 anything?

#429

Post by somdax »

BatteryMountain wrote: post #189
padolsey wrote: post #167

People keep saying 'trustless', without realizing the upsetting and very real truth that no mechanism is trustless. Even if you can, if well informed, verify the cryptographic integrity of any communication or data, you are also relying on and trusting the device, UI, and OS that you're using (+myriad stacks, libs, protocols). You are relying on every single medium between you and whatever it is that's verifiable. Le…

They have to trust that the power utilities and ISP's don't shut down their trustless distributed system.

Not trying to prove or disprove an argument. This project seems to be trying to address what you mentioned. I hope you find it interesting :)

https://www.helium.com/

Re: Is Web3 anything?

#430

Post by somdax »

atty wrote: post #379
tomp wrote: post #374

Earlier quoted context omitted.

Government has a monopoly. Web3 (blockchain or not... the important feature is decentralisation ) enables choice of governance - you can pick the "neutral third party". This destroys the governance monopoly and creates a marketplace.

But government laws and regulations still have precedence over smart contracts or blockchain transactions. “But it’s written in the smart contract” is not a valid excuse for breaking the law of the country you reside in, and will be thrown out in any court. So instead of replacing one governance system with another, you’ve create a second, subservient system that is overruled by the first, have you not? That’s the pa…

Yep yep. Your points are all valid and true, as far as I can see.

I think it would be interesting of governments started using this tech (Blockchain, smart contracts, etc) to improve existing systems. To me, I can see this tech being used to improve infrastructure in a lot of public services (library cards, driver license registry, etc)

Estonia has been doing that. I bet there is something that other countries can learn about what works and what doesn't

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