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Is Web3 anything?

chris-granger.com

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Re: Is Web3 anything?

#431

Post by peoplefromibiza »

throwaway405769 wrote: post #428
peoplefromibiza wrote: post #427

Earlier quoted context omitted.

> 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.

> Crypto is the most anti-authoritarian and anti-nazi technology of 21st century

CVD. cargo cult.

how is crypto stopping Nazis?

and who cares if it's true or not, I was merely addressing your reasoning: volunteering and well behaving are orthogonal.

People can both volunteer and do bad.

> It empowers the individual and makes them less vulnerable to state violenc

it also makes them alone and vulnerable to any other kind of violence, and put them outside of the protection of the state and/or the community.

in your example people have to both pay for the justice system through taxes and for a private jury system handled by who knows who, using expensive crypto currency, when they already have a justice system they pay for.

> like getting their wealth confiscated because of their ethnicity

how exactly?

can you show Me an example where this actually happened, outside of your idealistic virtual universe?

like if nobody has ever been scammed in the crypto space.

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

see?

that's what I am talking about: you confuse what you blindly believe with reality.

The world, unfortunately for you, is not what you imagine it to be though...

Re: Is Web3 anything?

#432

Post by mark_l_watson »

I appreciate Chris’s Clojure work.

I wish what people call web 3 would be called web 4.

For me, Web 3 was the (mostly failed) semantic web. That said, ideas and tech behind the semantic web are alive and well in knowledge graphs. Life is good.

I would welcome more opportunities for decentralization and privacy in Web 4, I hope it works out!

Re: Is Web3 anything?

#433

Post by dang »

aunty_helen wrote: post #23
baby wrote: post #6

A much more interesting news in the space, not being discussed on HN: polygon just acquired Mir for 400 million $. They are slowly acquiring every zero-knolwedge teams in the space. https://blockworks.co/polygon-acquires-mir-in-400m-deal-to-s...

That doesn’t fit the narrative a bunch of cranky 40 year old engineers want to believe in. Let’s all instead gather around and discuss how code run on an aws ec2 instance solves any problem blockchain could ever hope to solve

Could you please review the site guidelines and stick to them in the future? Comments like this manage to break several of them, such as:

"Don't be snarky."

"Please don't sneer, including at the rest of the community."

"When disagreeing, please reply to the argument instead of calling names. 'That is idiotic; 1 + 1 is 2, not 3' can be shortened to '1 + 1 is 2, not 3."

"Eschew flamebait."

https://news.ycombinator.com/newsguidelines.html

Re: Is Web3 anything?

#434

Post by Jetrel »

CurrentB wrote: post #43

Nice read. What I don't get about all the crypto haters, who will probably make up the majority of replies here, are they really just happy with the status quo? Do they really think the current financial system is great and their online bank account is perfect and nothing radical is worth trying? That usernames and passwords given to each of a million different companies are so great, why would people want to manage…

Yes, we're absolutely happy with the current system.

I have absolutely no problem with the banking system. Everything has worked, I can transfer money to everyone I know basically for free, and the few weird issues I've had in my life (messed up account credentials) have been easily solved by talking to an authorized person at a bank, and having them hand-edit my data in the system. My bank can be robbed, blown up, or go out of business, and all of my money is safe.

I don't want to manage my "financial infrastructure" for the same reason I don't want to host my own website. I want to pay other people with vastly better equipment, training, and around-the-clock availability to do a better job than me.

Replacing this with crypto — even a refined endgame version from half a century in the future, is a pure negative. And that's before we consider the people pushing it as a bad-faith ponzi scheme.

Re: Is Web3 anything?

#435

Post by aunty_helen »

dang wrote: post #433
aunty_helen wrote: post #23

Earlier quoted context omitted.

That doesn’t fit the narrative a bunch of cranky 40 year old engineers want to believe in. Let’s all instead gather around and discuss how code run on an aws ec2 instance solves any problem blockchain could ever hope to solve

Could you please review the site guidelines and stick to them in the future? Comments like this manage to break several of them, such as: " Don't be snarky. " " Please don't sneer, including at the rest of the community. " " When disagreeing, please reply to the argument instead of calling names. 'That is idiotic; 1 + 1 is 2, not 3' can be shortened to '1 + 1 is 2, not 3. " " Eschew flamebait. " https://news.ycombina…

Dang, I appreciate that moderation is used sparingly and your resources are always stretched, my appologies.

These articles slagging off web3 / crypto are appearing front page every 2-3 days at the moment and the comments section always becomes a shitshow. In a recent comment section for ~140 comments there were over 30 mentions of "ponzi"

WRT to my comment, yes agreed it breaks the rules and probably could have gone unspoken. But it is born of frustraition in seeing AWS being touted by people that haven't either bothered to understand the technology but want to fling mud.

This constant echo chamber HN is engaging in is making it less of a place for discussing intellectual ideas and more about pushing viewpoints.

Once again, appologies for lowering the bar.

Re: Is Web3 anything?

#436

Post by berkes »

dmitriid wrote: post #163
berkes wrote: post #120

Earlier quoted context omitted.

That is a tough issue. A blockchain is essentially an Event Sourced system. And Right To Be Forgotton is a common issue in all event sourced systems. Several technical and one non technical solution are common: Encrypt events with per actor keys. Delete the key when user wants to be forgotton. Or encrypt just certain attributes in the same way. Keep actual data outside of events but only include a link to the data an…

> so it is a solved problem with blockchain You're saying this: > Encrypt events with per actor keys. Delete the key when user wants to be forgotton. Blockchain is immutable. Which key are you going to delete? Or, wait, you're going to centrally store these keys?

> Or, wait, you're going to centrally store these keys?

No necessarily. Three alternatives are common:

Data is encrypted with a key only the actor owns. Works for cases where that actor is the only one who should access it (I Reveal My Attributes type of schemes)

Data is encrypted with a sum (combination) of the key from an actor plus some other actors have: only you and the recipient can decrypt. Works for cases like messaging or p2p data exchange.

Data is encrypted with a OR of the key from an actor plus one by a trusted proxy: proxy and actor have ability to decrypt. This is closest the "centrally" storing. With the difference that "proxy" allows for a little more flexibity -in theory-.

Re: Is Web3 anything?

#437

Post by dang »

aunty_helen wrote: post #435
dang wrote: post #433

Earlier quoted context omitted.

Could you please review the site guidelines and stick to them in the future? Comments like this manage to break several of them, such as: " Don't be snarky. " " Please don't sneer, including at the rest of the community. " " When disagreeing, please reply to the argument instead of calling names. 'That is idiotic; 1 + 1 is 2, not 3' can be shortened to '1 + 1 is 2, not 3. " " Eschew flamebait. " https://news.ycombina…

Dang, I appreciate that moderation is used sparingly and your resources are always stretched, my appologies. These articles slagging off web3 / crypto are appearing front page every 2-3 days at the moment and the comments section always becomes a shitshow. In a recent comment section for ~140 comments there were over 30 mentions of "ponzi" WRT to my comment, yes agreed it breaks the rules and probably could have gone…

I know the internet (including HN) supplies endless frustration, but just because of that, we all need to cultivate the skill of not responding from a triggered place. Comments like the GP and https://news.ycombinator.com/item?id=29525651 definitely just make things worse.

Put another way: users here need to follow the rules (https://news.ycombinator.com/newsguidelines.html) regardless of what other people are doing. It always feels like the others both (a) started it, and (b) did worse—that's just baked in to human perception—so we can't use that as a basis for commenting. If we do, a downward spiral is the guaranteed result (https://hn.algolia.com/?query=downward%20spiral%20by:dang&da...).

Re: Is Web3 anything?

#438

Post by nadahalli »

jayd16 wrote: post #119
derefr wrote: post #101

Earlier quoted context omitted.

> Democracy solves the Byzantine agreement problem just fine already. That’s nice when you and your counterparty are part of the same democracy, or potentially allied ones. But how do you enforce contracts when your government and their government are at war? (The governments say “you shouldn’t; they’re the enemy.” Well, screw the governments, I want to make positive-sum trades in the hopes of increasing global GDP a…

In the thought experiment of a true anarchy, how do you ultimately enforce the off-chain part of a transaction? If BTC is traded for goods or services, how do you enforce that the goods and services have been sufficiently provided?

Zero Knowledge Contingent Payments are one approach. Encoding everything that you might want to buy as an input to a ZKP system is a stretch, obviously. But at least, that's the spirit of this philosophy.

https://bitcoincore.org/en/2016/02/26/zero-knowledge-conting...

Re: Is Web3 anything?

#439

Post by isamuel »

jolux wrote: post #9

All of the examples of having to trust the government in this article neglect the fact that trusting the government is not just trusting the government, and it’s not just the government storing a deed or giving you a Social Security Number that makes it real. It’s the whole complex web of laws and regulations that created these policies that make them real, and the people (your fellow citizens) who have collectively…

Law is like a border after a war: a description of where it was that conflicting forces could not advance without retreating somewhere else that mattered more. It is history, not code: it describes where the last conflict ended.

Which by the way, I mean: I agree with you

Re: Is Web3 anything?

#440

Post by astoor »

dsco wrote: post #395
astoor wrote: post #231

Earlier quoted context omitted.

I'd also add that one of the big fallacies/deceits of blockchain is that it does not allow trustless transactions as the article author suggests, it simply shifts the trust. In the author's example of gathering funds to renovate a neighbourhood park, you'd still need to trust that the contract developers hadn't made a unfixable bug or deliberate backdoor, you'd still have to trust your neighbours to not screw up when…

But wouldn't you first look up that developers prior work history on the blockchain? I'd just ask what they've deployed in the past and could then easily verify if they are skilled or a bad actor. As for the funds being stolen I think we're just at the beginning of crypto custody services. It's like in the eighteen hundreds saying banks are a bad idea because they get robbed all the time.

There are countless cases of anonymous developers spending several years building positive reputations on Hacker News, Reddit, GitHub etc. before disappearing with >$10M USD of other people's cryptocurrency. Whether they set out to perform a long con, or whether the opportunity makes them thieves, is irrelevant - you simply can't trust anonymous people to look after your money.
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