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Why Web3?

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Re: Why Web3?

#391

Post by Nav_Panel »

corobo wrote: post #187
Nav_Panel wrote: post #176

Earlier quoted context omitted.

As someone who's out here building a web3 site (and is a heavy twitter user), I agree completely. Most of the twitter talking heads also have no clue what they're talking about, waxing on about grand visions when the first set of pragmatic implications are already here, basically (metamask/web wallet login).

Do you have a tech blog or anything folks could keep up with? Preferably RSS based but I'd sign up to a mail list

Unfortunately not, I only really blog about philosophy and psychoanalytic theory. I have very little I consider "blogworthy" to say about the web3 space, other than technical documentation; I build it and leave exploration and design to the product guys.

Re: Why Web3?

#392

Post by bl4ckcontact »

gameswithgo wrote: post #376
andybak wrote: post #337

Earlier quoted context omitted.

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

But at what point do we qualify something/someone as “smart”? I’d argue that someone that’s getting lucky over and over again are clearly on to something. As the saying goes: “You create your own luck”.

Re: Why Web3?

#393

Post by stale2002 »

kkjjkgjjgg wrote: post #349
root_axis wrote: post #228

Earlier quoted context omitted.

> Every sale is on the blockchain, so if somebody creates multiple sales of the same item, it would immediately be visible Just use a different private key for each sale.

The private key identifies the artist, so that is not a solution.

No, the private key does not identify the artist.

Instead, what identifies the artist, is the artist saying "hey, this thing over here is the real one!".

None of which involves a Blockchain.

Re: Why Web3?

#394

Post by corobo »

Zaskoda wrote: post #355
corobo wrote: post #289

Earlier quoted context omitted.

Excluding people without money sounds like the opposite direction the internet should be headed :(

You're forgetting about the part where the same system can provide those people with an income. Excluding people from the global financial system, imo, is the opposite of where we should be headed. The notion of paying people for their contribution to the network, no matter how small, is discussed in "Who Owns The Future"

How do you make money on web3 without the upfront loading of cash into a crypto wallet?

Re: Why Web3?

#395

Post by Liron »

My beef with posts like this is that they think it’s sufficient to make an abstract claim without offering specific supporting examples of the differentiation they’re claiming exists.

I wrote a post trying to unpack the abstract claim using specific hypothetical scenarios [1]. I’ve never seen a single pro-Web3 post engaging at the same level of specificity.

[1] https://medium.com/bloated-mvp/why-web3s-shared-data-across-...

Re: Why Web3?

#396

Post by ShamelessC »

gameswithgo wrote: post #375
scyclow wrote: post #342

Earlier quoted context omitted.

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.

This shit is so pervasive. Honestly seems more like they're trying to get up-votes from fellow crypto enthusiasts than trying to convince anyone; except perhaps themselves.

Re: Why Web3?

#397

Post by heavyset_go »

jakear wrote: post #345
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 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?

Cool project.

Re: Why Web3?

#398

Post by ShamelessC »

mediocregopher wrote: post #170
dathinab wrote: post #153

Earlier quoted context omitted.

I read an article recently which claimed that the majority of transaction volume is not speculation, but scams, fraud and similar. Like e.g. pyramid schemes. And that is where an average football fan needs crypto, to provide more monetary volume for scams and speculators manipulating the marked to siphon of. Or at least that was the take of the article, I'm not completely sure in either direction.

The difference between "speculation" and "scams, fraud, and similar" is in the eye of the beholder. Lots of people find all crypto to be a giant scam, others find all of it to be a potential investment (hopefully with the understanding that the long-tail of individual investments in the space will go to zero).

Just FYI - that is a _deeply_ unconvincing argument where you are effectively saying "sure it's a scam (the one you know), but I have since updated _my_ definition of scam; and let me tell you - it sure did make me some money and avoid a lot of cognitive dissonance!"

Like calling a pyramid scheme a reverse funnel system.

Re: Why Web3?

#399

Post by SV_BubbleTime »

quickthrower2 wrote: post #124
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…

It is worse than that, there are no pixels! The NFT is a short string, usually a URL. It’s effectively a QR code! You can create as many copies as you like. The “value” of an NFT comes in somehow convincing people you are the official one. This needs a lot of clout: e.g. a sale by Sotherbys that is well known that people can trace back the NFT to. In a sense its like a digital antique when there are easy fakes. My wa…

> My way of thinking is an NFT is a shitcoin with supply 1 and smallest denomination 1.

Ah, see, I ususually skip over NFT nonsense because of the sheer number of WHY and WHO it brings up… but now and then it’s summed up nicely.

Re: Why Web3?

#400

Post by ShamelessC »

everfree wrote: post #177
zzzeek wrote: post #34

perspective of a not terribly interested party: * two years ago: "bitcoin! bitcoin! bitcoin!" - tech community: "bitcoin is a pyramid scheme and also bad for the environment." * a year ago: "crypto! crypto! not bitcoin, there's others and also fintech loves blockchain!" - tech community: "nope, still a pyramid scheme, financial community goes whereever there's hype and $$$, they couldnt care less about 'tech'" * 6 mo…

It feels like something or other cryptocurrency related floats on the front page of Hacker News every other day, and discussion about it is welcomed. I would call that the opposite of "please leave".

edit: whoops - misread.

[original] That simply isn't true. There has been consistent and widespread criticism of crypto enthusiasm on the majority of stories posted here recently.

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