131–140 of 706 posts
I don't like how the extreme hatred toward Web3 has spiraled into "I see no practical application for decentralization". Crypto and blockchain aside, how can you not see the utility in an open firehose database/API without gate keepers? Don't conflate decentralization with blockchain.
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One company controls the specification and reference implementation. These gimmicks tend to be "open" so contributions can flow in from anywhere, but the company has full priority and benefits by controlling the pace and final result. Outsider contributions are submitted publicly, while features developed by the company start in secret and can remain secret as long as possible. The company's contributions are rammed…
Except all these things can be trivially forked. If you don't like how the VC one is doing things, just fork it. There are a billion forks of everything in the crypto space, for exactly this reason.
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The value prop here is the “without a third party” bit I presume? That seems more like a political or ethical preference rather than true value. Email allowed you to instantly and perfectly send a message anywhere at any time, and you could cut down on machine and paper/ink costs. Genuine value. Ironically, the crypto way of doing transactions is more like the fax machine to Venmo’s email. The former is slow and more…
If you compare email to snailmail, the same argument could be made. That it's over the internet is just a preference, why care about email when normal mail works perfectly fine? "Without a single 3rd party" is a technical feature, one that allows people to transfer money anywhere, for any reason via any device connected to the internet, without having to open up a bank account. According to the last numbers I've read…
This is nonsense. Email is orders of magnitude cheaper and faster than snail mail. Talk to any business owner who made the switch from physically mailing bills to emailing their clients invoices and ask them how much time and money they saved. The value proposition for email is obvious.
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You can send two of those assignment signatures to two different parties simultaneously. Is there a way in your system to avoid the double send?
You can do the same thing with blockchain NFTs, just mint another blockchain NFT with the same content. You can say "well, the NFT that was minted first is the true original" but the same is true of the "double sent" digital signature NFT, one will be dated more recently than the other, which affords one identical guarantees of authenticity to the blockchain NFT.
In fiction, Hiro Protagonist got in early and bought some prime real-estate in the metaverse. Many IRL did the same with Bitcoin and made a killing. If you think all the lucrative web2 properties have already been claimed, then it makes sense to create virgin territory in web3 and stake a claim.
(Also IIRC he helped create the Metaverse, he didn't simply buy in early.)
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Could you explain that business model?
One company controls the specification and reference implementation. These gimmicks tend to be "open" so contributions can flow in from anywhere, but the company has full priority and benefits by controlling the pace and final result. Outsider contributions are submitted publicly, while features developed by the company start in secret and can remain secret as long as possible. The company's contributions are rammed…
Google Chrome for example
> Frankly, it is all too much for me. Same. I've been actively unfollowing people on Twitter every day to clean my feeds of it. I'm not anti-web3 or anti-crypto, but I definitely don't need to read the same rhetoric from 100 people a day. Decentralized trust could be great, but I wonder how much time actually needs to be spent talking about it vs. actually building it...
I actually see a lot of comparison with the "firehose of falsehoods", which is a known propaganda technique.
I'm actually worried about people picking it up and getting suckered in without knowing anything on the technical side.
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The value prop here is the “without a third party” bit I presume? That seems more like a political or ethical preference rather than true value. Email allowed you to instantly and perfectly send a message anywhere at any time, and you could cut down on machine and paper/ink costs. Genuine value. Ironically, the crypto way of doing transactions is more like the fax machine to Venmo’s email. The former is slow and more…
If you compare email to snailmail, the same argument could be made. That it's over the internet is just a preference, why care about email when normal mail works perfectly fine? "Without a single 3rd party" is a technical feature, one that allows people to transfer money anywhere, for any reason via any device connected to the internet, without having to open up a bank account. According to the last numbers I've read…
> Frankly, it is all too much for me. Same. I've been actively unfollowing people on Twitter every day to clean my feeds of it. I'm not anti-web3 or anti-crypto, but I definitely don't need to read the same rhetoric from 100 people a day. Decentralized trust could be great, but I wonder how much time actually needs to be spent talking about it vs. actually building it...
People pushing image NFTs will likely be keen to promote anything that can ding an argument against the naysayers, especially if they're cryptographically compensated somehow (whatever the web3 version of affiliate links is, is it airdrops?)
Might be some free real estate to be had if anyone's got any png-less ideas
Side comment I do realise I probably come off super naive to people who have already learned all this. I am trying! I've not come across a less newcomer friendly community since I started tinkering with Linux 20 years ago haha. "You just don't understand" is almost as much a web3 catchphrase as wagmi
Admittedly Linux is now my sole non-mobile daily driver, maybe I'll get there with web3. Having had a tinker I do like the idea of the tech, I've just not had the "click" into how it's actually usable (for me) yet
/blog