121–130 of 377 posts
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Do you feel the same about Tor? That the anonymity is an implementation detail and you don't care?
Tor has actual websites and functionality. Web3 has venture capital and some randomized apes.
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Unless there is a killer feature it enables, it's an implementation detail and I don't care. And I will gladly compare other solutions against blockchain despite not having the same implementation detail you claim puts it above comparison. And so will everyone else that isn't blinded by fanaticism.
APIs have versions. Facebook guarantees that the API for version X will perform the documented behavior. If it fails to, then it is probably a bug that they will have to fix. If the API were immutable, then the bug would not be possible to fix. The immutability is the exact opposite of a feature.
IE things end up immutable and incompatible, immutable and broken, etc. Or even worse "immutable and vulnerable". (IE can interact enough to still kinda work, but often do things it should not).
If you truly want to jump down the rabbit hole, it's true that immutability of this kind can provide great integrity. But you can get pretty darn good without it.
This article misses the point, it sees web3 decentralization as purely technical and makes performance comparisons with existing systems. The power of web3 decentralization is about control, not more powerful computing. Yes your raspberry pi runs faster than the EVM, but can you give me any guarantee about what code it runs?
The comparison between Raspberry Pi and EVM is off by many, many orders of magnitude. What Ethereum marketing likes to call a “global supercomputer” is slower than a 1950s computer built out of vacuum tubes, and running programs is more expensive than it was in 1955. (Programming ergonomics are also nearly punch card level.) There are very few applications you’d actually want to execute on a platform like that. And e…
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Good for you. Not everyone needs to use Tor -- slow and inefficient, can't even do a proper 1080p livestream. Good for them. But some people are willing to pay 10^9 the cost for certain guarantees. Good for them too, that such options now exist. Why the irrational hate?
You’re making good points, but from this comment[1] and stuff like >Why the irrational hate? you’re coming off as too mean and I think you’d do well to avoid that tone. [1] https://news.ycombinator.com/item?id=29587901
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There are easy mitigations for those things though. My self hosted apps run on immutable infrastructure and are replicated and load balanced. Still stupid cheap and easy.
> My self hosted apps run on immutable infrastructure and are replicated and load balanced What? Assuming you live in the US, the government can swoop in at any time (provided they have a legal reason to do so) and demand that AWS or whoever's hosting your servers shuts them down. If you're hosting them yourself, they can raid the physical locations where you host them. If you're not in the US, I'm sure your country…
I'm my only user, that's why I'm discussing self-hosted apps here...
As a 13 year old programmer learning to code in 2005, transferring money online seemed impossible, this was pre-stripe after all. A 13 year old getting a bank partnership or a payment processor deal seemed a bit out of reach as well. These days though, sending money online via stable coins like $USDC over a fast and cheap block chain like Solana, Polygon, avalanche, etc is not only possible but flat out inevitable.
Many criticisms of blockchain apps, comparing their use cases to conventional technologies (databases, conventional separation of services such as that described in the article, etc) all seem to miss a major point: Dapps running on the blockchain are immutable and highly resistant to being shutdown. Immutability is important because it's guaranteed that no matter how many times you interact with a contract address, y…
is that good? seems flaws then are perpetual?
Many criticisms of blockchain apps, comparing their use cases to conventional technologies (databases, conventional separation of services such as that described in the article, etc) all seem to miss a major point: Dapps running on the blockchain are immutable and highly resistant to being shutdown. Immutability is important because it's guaranteed that no matter how many times you interact with a contract address, y…
> Dapps running on the blockchain are immutable and highly resistant to being shutdown I have tried my best to read up on how all this is supposed to work but have come up blank. Is there a simple explanation - using zero buzzwords - of how I can run a site in the way you describe in the Web3 world?
The second is a web frontend typically deployed to a decentralized service like IPFS to provide interactions with the backend contract, however this isn't the only way a web3 site can be made. You can also have the front end as something the user runs locally, or you can eschew the front end entirely, as it's also possible to programmatically interact with smart contracts directly (analogous to the command line in a way).
An example of such a site would be the decentralized trading exchange Uniswap located at https://app.uniswap.org/. Rather than calling a centralized API endpoint to populate the front end, all the data is being pulled through interactions with contracts on the blockchain. Smart contracts can provide read-only data fee free, and you only have to pay to interact with the site when you're doing something that would change state.
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Tor has actual websites and functionality. Web3 has venture capital and some randomized apes.
One man's "venture capital" is another man's "actual websites and functionality." I would appreciate less subjective criticism of web3.
The reason I'm hyped about crypto (which in this article seems to be incorrectly equated to "web3") is because of the new possibilities it brings. The reason I put my money into stupid shit in crypto is because I don't know if it will work or not, but I'm excited to know if it will. Some of it does, most doesn't. I learn, progress has been made. Imagine a whole new continent is discovered, and all the people back hom…