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Why Web3?

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Re: Why Web3?

#371

Post by dylkil »

discardedrefuse wrote: post #330

I've been noticing this web3 buzzword picking up steam on here for months now. And it all feels very manufactured (much how metaverse has been co-opted and tainted by Facebook). I suspect this web3 push is just cryptobros shoehorning their schemes into relevance. https://trends.google.com/trends/explore?q=web3 On the other hand, if you're paying attention, you might have noticed a push back to web1 and even older tec…

what you are noticing is increased interest in permissionless data. But sure, reframe everything you think of as bad thought as manufactured.

Re: Why Web3?

#372

Post by chii »

everfree wrote: post #365
jaredsohn wrote: post #292

Earlier quoted context omitted.

>But I also find sneaker and stamp collectors equally perplexing, People for the most part don't get rich off of stamps. Is more of a hobby than an investment.

For many people, NFTs are also a hobby not an investment. You just hear about the investors because they are the loudest.

> NFTs are also a hobby not an investment. You just hear about the investors because they are the loudest.

Or the only voice, because no one else is interested in looking at a hash for fun. The real artwork is easily digitally duplicated and so if your hobby was to look at the art, you do not need to purchase the NFT.

Re: Why Web3?

#373

Post by beckler »

m_ke wrote: post #70
qaq wrote: post #3

One thing that is confusing most loud supporters of Web3 are VCs and yet: "It all comes down to the database that sits behind an application. If that database is controlled by a single entity (think company, think big tech), then enormous market power accrues to the owner/administrator of that database. If, on the other hand, the database is an open public database that is not controlled and administered by a single…

1. Because it's a ponzi scheme and they get to get in on the ground floor. See: https://mobile.twitter.com/intangiblecoins/status/1473302581... 2. Because they're rich libertarians who see crypto as a way to protect their assets from the government

Honestly, I though NFTs were just a tax loophole to begin with.

Re: Why Web3?

#374

Post by jakear »

LegionMammal978 wrote: post #369
jakear wrote: post #345

Earlier quoted context omitted.

What a nice use-case for my recent web1* project, google trends for hackernews! Here's a comparison of "metaverse" vs "web3" over the past several months: https://jacksonkearl.github.io/HackerTrends/?query=%22web3%2... * Not technically web1. It uses `fetch`, but it's a single 100 line HTML file. Web 1.5?

For me (Firefox 95 on Ubuntu 20.04), the bars appear to be hanging down from the top of the chart, instead of rising from the bottom; is that intentional?

Yep. (better on mobile where the bottom can get cut off)

Re: Why Web3?

#375

Post by gameswithgo »

scyclow wrote: post #342
root_axis wrote: post #68

I'm not convinced. People talk grand about "permissionless data" but I fail to see any practical applications. NFTs are a scam and are retroactively obsoleted by digital signatures. All of the ideas about logistics tracking, deed tracking, etc etc are all rendered pointless by the oracle problem, you can get identical guarantees with digital signatures minus the blockchain. DeFi is DOA. Gas fees are insane, "layer 2"…

The critical innovation of blockchain is that it takes your digital signatures and orders them in a way that's byzantine fault tolerant .

if you are trying to be persuasive you should know that what you said is complete gibberish to tech saavy people who are not already bought in to whatever you are talking about.

Re: Why Web3?

#376

Post by gameswithgo »

andybak wrote: post #337
jaredsohn wrote: post #292

Earlier quoted context omitted.

>But I also find sneaker and stamp collectors equally perplexing, People for the most part don't get rich off of stamps. Is more of a hobby than an investment.

I know people who made a decent living from sneaker trading though.

you can make a decent living in all kinds of nonsense if you can either find a way to predict collective mood swings or just get lucky. with millions of people scheming at blockchain stuff there will be thousands getting lucky over and over thinking they are smart

Re: Why Web3?

#377

Post by boomlinde »

tshaddox wrote: post #359
galaxyLogic wrote: post #98

Earlier quoted context omitted.

Good questions. Let's say I create a piece of digital art and create an NFT out of it. The NFT somehow starts increasing in value. Then I copy my original digital art-asset and perhaps use a Photo-Shop filter to make it have a different hue. I turn that into another NFT. And I keep on doing this for all colors of the rainbow. What prevents me from creating new NFTs with the same or slightly modified underlying digita…

What prevents a musical artist from publishing a bunch of unoriginal filler after having a major hit? Is this really a serious threat to the concept of publishing music?

Copies of music recordings aren't typically sold under the pretense that they're unique. If your favorite artist produced a record and sold you a copy, guaranteeing that it the only copy that'll ever be made, you might be inclined to pay more for it. Let's say you buy it, because you believe this might be the only opportunity to own this music. If your favorite artist then proceeded to sell other records with the same music but with an additional 100 ms of silence at the end of each track, you'd feel tricked.

It's a terrible analogy from the start, don't blame me.

Re: Why Web3?

#378

Post by FridgeSeal »

corobo wrote: post #233
numbsafari wrote: post #182

Earlier quoted context omitted.

With web3, there is no deplatforming, no moderation, no accountability. There is no responsibility. That’s what they really want. They want a system that, in their minds, won’t be subject to regulation or social pressure. They are still mad that Reddit blocked certain groups. That parler got banned from public clouds. Those are the things that made them “wake up” to the need for web3. Deleting data and social account…

> With web3, there is no deplatforming, no moderation, no accountability A collection of NFTs got deplatformed, moderated, and even accepted accountability yesterday https://news.ycombinator.com/item?id=29714296

From the article in that thread:

> “We were not aware of the likeness laws in NFTs as the market is not regulated,” the post reads.

Hahahahaha. This is the dumbest excuse, you are not immune to existing rules just “because crypto”. The likened laws don’t need to mention crypto specifically to apply, did they even stop to think for a single second before they did this?

If the crypto community wants to be taken seriously and not constantly regarded as a joke, they ought to do themselves a favour and at least try to be a bit competent.

Re: Why Web3?

#379

Post by opendomain »

faeyanpiraat wrote: post #91
opendomain wrote: post #87

I am looking for anyone interested in the domain Web3.net I am the founder of OpenDomain- we have contributed domains worth millions to open source and other causes. All for Free.

I do not understand who benefits and in what way from any of this? Could you help me out on this?

using a domain allows people to share information easier.

For example, if I wanted to tell a friend about the blockchain, I could share a link to a video I found helpful using email or Twitter.

By using the domain web3.net, we can create an wiki on everything about web3. We could all edit the wiki and learn from others.

I could build this site myself and slap some advertising on it, but I would rather follow the Wikipedia model. I want to work with lots of people that want to learn about Web 3

But we can do so much more than just a wiki.

Re: Why Web3?

#380

Post by robryan »

qaq wrote: post #3

One thing that is confusing most loud supporters of Web3 are VCs and yet: "It all comes down to the database that sits behind an application. If that database is controlled by a single entity (think company, think big tech), then enormous market power accrues to the owner/administrator of that database. If, on the other hand, the database is an open public database that is not controlled and administered by a single…

Yeah, from the perspective of someone joining a project rather than creating it, why wouldn’t you use ones that explicitly prevent any kind of outsized return for the creators?
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