Earlier quoted context omitted.
Assuming if the banks are bad, please tell me why are we replicating them them again but in worse way? (opaque, unregulated, anonymous and usually sitting in offshore fearing IRS sanctions)
You seem to have a very flawed, fundamental misunderstanding of either the term opaque, or what a public ledger is. There is nothing opaque about bitcoin transactions. They are all (every single one of them) open to the public. They are more traceable than cash transactions and more public than bank transactions. > please tell me why are we replicating them them again but in worse way? But this is just your disputed…
Web3 is going just great
321–330 of 357 posts
Re: Web3 is going just great
#322Earlier quoted context omitted.
Why do you thing HN and for example /r/programming communities are united in telling visitors that Web3 is scam, cryptocurrencies is a scam and so on? Maybe it's a time to stop and reflect on their opinion, instead of blindly listening to blatant lies? (before anyone writes indignant answer to me - for example "NFT facilitates decentralized proof of ownership" is a complete and utter lie in our face, "like "black is…
I honestly don't think anyone ever bought an NFT because "NFT facilitates decentralized proof of ownership".
Re: Web3 is going just great
#323Earlier quoted context omitted.
Well at minimum at least something, at maximum - fully what cryptobros already promise today (so that their messages won't be lies) - proof of ownership, transfer of ownership, enforcement of ownership, decentralization, universal standards and so on. Nothing special, only the things crypto fans already say today to the gullible buyers.
> proof of ownership, Ask for a reciept. An NFT is not selling "proof of ownership", its selling you a product > transfer of ownership, The so called "gullible buyers" would not be buyers without this process occurring. An NFT is not selling "transfer of ownership", the transfer is the process itself. It consists of a seller (aka crypto fan), a buyer (aka gullible buyers) and a product (the NFT). The product is what…
No, it's not, unless you are calling an entry in DB with an URL inside "a product". NFT system is selling NFT only, and NFT itself is almost nothing and useless.
> The so called "gullible buyers" would not be buyers without this process occurring. An NFT is not selling "transfer of ownership", the transfer is the process itself. It consists of a seller (aka crypto fan), a buyer (aka gullible buyers) and a product (the NFT). The product is what is being being transferred, so how can what is being transferred also facilitate the transfer of ownership?
Ok, I see you really calling the NFT itself a product. This is amusing but I must tell you that you are either misled or malicious, because other cryptobros sell people not NFT but the stuff it links to - digital file usually. And they brainwash buyers that they (buyers) are really buying the digital file.
>Again, ask for a reciept. If someone robs you, sue them or call the police. That "enforcement of ownership" you seek is a separate product.
I won't write long here, but we can see here that NFT don't facilitate any kind of "proof of ownership" and even NFT fans agree with this - you need some centralized receipts and police according them too :)
>How much more decentralized do you want a jpeg on the internet to be, really?
Decentralized proof of ownership, which is impossible today.
>What universal standards exactly?
That was about new NFT fad I'm seeing - gaming NFTs, where bros expect that different competing corporations will for some reason implement a universal standard for items between different competing games and voluntarily implement and support it. Pure BS but that is one of the NFT promises today.
Re: Web3 is going just great
#324All 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…
(Probably not though.)
I’d rather interact with cosplaying nerds than with those haughty-taughty process and procedure geeks.
[1]: I of course have not watched that, either.
Re: Web3 is going just great
#325Earlier quoted context omitted.
> proof of ownership, Ask for a reciept. An NFT is not selling "proof of ownership", its selling you a product > transfer of ownership, The so called "gullible buyers" would not be buyers without this process occurring. An NFT is not selling "transfer of ownership", the transfer is the process itself. It consists of a seller (aka crypto fan), a buyer (aka gullible buyers) and a product (the NFT). The product is what…
> Ask for a reciept. An NFT is not selling "proof of ownership", its selling you a product No, it's not, unless you are calling an entry in DB with an URL inside "a product". NFT system is selling NFT only, and NFT itself is almost nothing and useless. > The so called "gullible buyers" would not be buyers without this process occurring. An NFT is not selling "transfer of ownership", the transfer is the process itself…
Calling an entry in a DB? What kind of db exactly... maybe a public distributed ledger (aka a blockchain)? Hmmmm..... The Mona Lisa itself is almost nothing and useless. Just some paint splashed on a canvas hundreds of years ago. Totally worthless. To someone out there. Just like NFTs are totally worthless to you. Heres a small life tip: do not waste your time, energy or money in anything in life that has no value to you, because you find it totally worthless to you. But you are just one being, among seventy billion others alive today. So what is important to you, will be worthless to billions of others. Does that make them idiots? No. But it kind of makes you one if you expect everyone else alive to value only exactly what you value. Live and let live.
> Ok, I see you really calling the NFT itself a product. This is amusing but I must tell you that you are either misled or malicious, because other cryptobros sell people not NFT but the stuff it links to - digital file usually. And they brainwash buyers that they (buyers) are really buying the digital file.
You used to term "gullible buyers". The key word here being BUYERS. The definition of buyer is someone who takes ownership of a PRODUCT... in this case an NFT from someone else. I'm glad you find the concept amusing. Welcome to the world of trade and capitalism. The buyers are usually speculators. Look that term up. Ever heard of the dot-com mania? The tulip mania? If you think they were just buying flowers, you have a lot to learn about human emotions and motivation. Coca-cola is not just selling "colored sugar water".
> I won't write long here, but we can see here that NFT don't facilitate any kind of "proof of ownership" and even NFT fans agree with this - you need some centralized receipts and police according them too :)
So what? If I buy an NFT, I wont be buying it because of "proof of ownership". The very fact that I can buy it today, and sell it to someone else at a profit tommorow is all the proof of ownership I need. Got that? Thousands of NFTs are being bought and sold daily, in a marketplace. Not sure what other proof of ownership (the ability to legally sell something) you are looking for... but like I said, it seems you're still new to this world of trade and capitalism. You'll learn eventually. Hopefully.
> Decentralized proof of ownership, which is impossible today.
It is possible. You just dont understand how it works. The only impossibility here is your ability to understand what proof of ownership in the digital word entails. Can you proove that you own the hacker news account you are posting from? How? Did you just say email account and password... DING!DING!
> That was about new NFT fad I'm seeing - gaming NFTs, where bros expect that different competing corporations will for some reason implement a universal standard for items between different competing games and voluntarily implement and support it. Pure BS but that is one of the NFT promises today.
Fads will come and go. It is human nature. NFTs are no different. Websites were once a fad in the dotcom boom. Some fads help advance our tech and knowlegde.
Re: Web3 is going just great
#326Earlier quoted context omitted.
You seem to have a very flawed, fundamental misunderstanding of either the term opaque, or what a public ledger is. There is nothing opaque about bitcoin transactions. They are all (every single one of them) open to the public. They are more traceable than cash transactions and more public than bank transactions. > please tell me why are we replicating them them again but in worse way? But this is just your disputed…
Bitcoins are transparent, that I don't contest. Now please tell me how do Bitcoins specifically facilitate "proof of ownership" of stuff? Because that's where this thread started, that crypto will somehow do this, according to crypto fans.
Re: Web3 is going just great
#327Earlier quoted context omitted.
Bitcoins are transparent, that I don't contest. Now please tell me how do Bitcoins specifically facilitate "proof of ownership" of stuff? Because that's where this thread started, that crypto will somehow do this, according to crypto fans.
Short answer: passwords The very same way your online bank account facilitates "proof of ownership" of that said bank account.
Re: Web3 is going just great
#328Earlier quoted context omitted.
> Ask for a reciept. An NFT is not selling "proof of ownership", its selling you a product No, it's not, unless you are calling an entry in DB with an URL inside "a product". NFT system is selling NFT only, and NFT itself is almost nothing and useless. > The so called "gullible buyers" would not be buyers without this process occurring. An NFT is not selling "transfer of ownership", the transfer is the process itself…
> No, it's not, unless you are calling an entry in DB with an URL inside "a product". NFT system is selling NFT only, and NFT itself is almost nothing and useless. Calling an entry in a DB? What kind of db exactly... maybe a public distributed ledger (aka a blockchain)? Hmmmm..... The Mona Lisa itself is almost nothing and useless. Just some paint splashed on a canvas hundreds of years ago. Totally worthless. To some…
Re: Web3 is going just great
#329Earlier quoted context omitted.
> That said, my entire "consumption" of web2 communities like Reddit (AND HN!) has honestly been replaced with the amazing and kind communities I met "on" web3 (a misnomer in that context, as the entire comms stack is Twitter and Discord). So your "web3" consumption happens entirely on web 2.0? And its existence doesn't actually require anything web3 related? What makes it web3, other than the fact that maybe someone…
A bunch of things, which also define what web3 means to me: - Yes, NFTs: just like most websites are crap, so are most NFTs, and the tulip bubble that has formed around them will eventually bust (but return in different ways...). What will IMO almost certainly remain is the significant paradigm shift on two aspects: 1. indisputable ownership of digital goods that unlock other things: logins to apps, usage of software…
This indicates that you are either disingenuous or ignorant. I could put any closed binary on a public chain, that doesn't somehow magically make it open source.
Re: Web3 is going just great
#330Earlier quoted context omitted.
> No, it's not, unless you are calling an entry in DB with an URL inside "a product". NFT system is selling NFT only, and NFT itself is almost nothing and useless. Calling an entry in a DB? What kind of db exactly... maybe a public distributed ledger (aka a blockchain)? Hmmmm..... The Mona Lisa itself is almost nothing and useless. Just some paint splashed on a canvas hundreds of years ago. Totally worthless. To some…
It is good that you are honest about crypto motivations. I wish others were at least also honest too.