71–80 of 357 posts
I'm flabberghasted at the amount of hate this space is getting from parts of the dev community and in particular HN. Web3 has its fair share of issues, but there's community and energy in the space that I haven't seen online since the early days of the world wide web. Consider this: if you are absolutely, 100% convinced that all of this is bogus, is going to go nowhere (despite the high number of talented individuals…
Intermediaries are a huge reason the web is the way it is. If we can eliminate them, the internet looks very different. My biggest prediction is that fundamental protocols like TLS will altered to integrate with blockchain protocols.
Web3 isn't just a scam or waste of resources. It will enable us to do things we already do but much cheaper than we do them now. Lots of smart people are flooding into the space. It will take at least a decade but it's already happening.
I'm flabberghasted at the amount of hate this space is getting from parts of the dev community and in particular HN. Web3 has its fair share of issues, but there's community and energy in the space that I haven't seen online since the early days of the world wide web. Consider this: if you are absolutely, 100% convinced that all of this is bogus, is going to go nowhere (despite the high number of talented individuals…
If you're familiar with the space, you have to at least admit that it's filled to the brim with grifters and people looking to acquire life-changing wealth for themselves by hyping things that they have a vested financial interest in.
There is a lot of energy in the space, but that's because it's just about the only thing web3 has going for it right now. The value of an asset has an exponential relationship with the hype around it, so everyone is working overtime to hype hype hype. Few people are interested in discussing what's underneath all of the hype, though, and instead allude to all of the vague future uses of the technology (which will allow everyone to flip their current investments for huge profits, or so the narrative goes).
Earlier quoted context omitted.
> Seriously though, can you tell us which Web3 technologies, specifically, are disrupting existing technologies in a way that really benefits the end users instead of speculators? Distributed systems where you own the data and there's no single point of failure. > That's not how mining works. Layer 2 networks don't reduce the energy consumption of the Layer 1 network. They still produce 1 block every 10 minutes, and…
> Distributed systems where you own the data and there's no single point of failure. That's too abstract, can you be more specific? > I'm not an expert on the mining mechanics, I might be wrong but not due to the reasons you claim, transaction fees will approach zero as more people move into lightning and block reward will keep getting halved. Transaction costs could go down but that doesn't change the incentives for…
Depends on which technology you'll use, one of them is www.gun.eco
For the end user just imagine twitter but you can't get banned nor any comment deleted oh and they also cannot read your private messages.
What are the goals behind these people who spend time making sites and long blogposts about the failings of blockchains/web3, etc? In real life, if I talk to people about crypto they are curious and open to learning about it and most just don't have the time to learn about it. However, when I go online and see a post about NFTs or crypto, there somehow is always tremendous backlash, generally by people not involved i…
I try to reduce the flames by just talking about the technical or logical aspects with these types of topics.
Personally I think education systems gear us up for difficulties later in life through competitiveness - the drive to win, come first, be right. We should be learning that it’s ok not to come first and sometimes everybody is wrong. We can be wrong on our opinion of crypto as well.
All the Web3 criticisms remind me of my experiences with Star Trek. For context, I never watched Star Trek. I'd read stories about fans and it always struck me as the dorkiest possible show, with unabashed nerdiness making something like the Big Bang Theory look like a sophisticated work of art. But one day, I listened to a podcast about strength training and a question came up about which Star Trek leader the host l…
Promoted by people who think government is a terrible idea, an idea so terrible that literally every large group of people invented it.
Of course if I had mined some bitcoin when it was new, I'd be telling you how great it was to ensure my own profits
If we want to realistically reduce CO2 emissions by cryptocurrencies, displacing Bitcoin and other proof-of-work chains is step one. Thankfully this seems to be happening. Check out any chart of BTC-ETH. With power-efficient proof of stake coming next year I'm hoping we can reduce the incentives for anyone who's thinking about starting up a coal power plant.
Earlier quoted context omitted.
> Bitcoin is already mature and it's the most democratic type of currency/money/property in the world, how can you argue against that? I wish you bitcoiners could decide if bitcoin is a currency or not.
Bitcoin is a new thing, new things can exist that didn't exist before, and just because any old terms don't fit it, doesn't stop it from being its own real separate thing.
All the Web3 criticisms remind me of my experiences with Star Trek. For context, I never watched Star Trek. I'd read stories about fans and it always struck me as the dorkiest possible show, with unabashed nerdiness making something like the Big Bang Theory look like a sophisticated work of art. But one day, I listened to a podcast about strength training and a question came up about which Star Trek leader the host l…