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Why Web3?

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Re: Why Web3?

#501

Post by mattwilsonn888 »

moritonal wrote: post #116
Kiro wrote: post #106

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.

Because the only reason I can imagine someone wanting a open database without gate keepers is for something the society I've aligned with has decided is illegal. At the end of the day, I guess I trust the goverment I vote for and the banks I decide on more than a distributed group of strangers. Do you have an example of a DB that was unfairly limited by a gate keeper?

> At the end of the day, I guess I trust the goverment I vote for and the banks I decide on more than a distributed group of strangers.

This is a pretty ignorant take on how blockchains work. Feel free to have your opinions, but if you really think that billions of dollars is secured in Bitcoin simply because "a distributed group of strangers" are trustworthy, you've missed the entire point and you don't actually understand how it works. "Trustless" is a 'buzz word' you might want to put a lot more respect on - and maybe first learn what it actually means.

Re: Why Web3?

#502

Post by everfree »

hestefisk wrote: post #499
everfree wrote: post #366

Earlier quoted context omitted.

> "layer 2" is just a diplomatic way of saying "offchain centralization" Some popular types of Layer 2s, namely zk rollups, have on-chain data and on-chain transaction verification, so I believe you are wrong on this count.

Are you referring to the likes of Polygon / MATIC?

Polygon has several products. Usually when people say "Polygon" they are referring to Polygon's popular sidechain product, but Polygon's Hermez product is a zk rollup like I was talking about.

Re: Why Web3?

#503

Post by mattwilsonn888 »

cam0 wrote: post #324
Kiro wrote: post #206

Earlier quoted context omitted.

Facebook, Twitter or any walled garden. I can't build any app I want on top of those without risking it being limited, restricted or shut down... If they even provide an API at all.

So don't build on FB and Twitter? You do realize you can build an application and very easily host it for the world to access on AWS/GCP/Azure - unless you're doing something illegal or highly unethical the cloud services aren't going to kick you off. It sounds like you're saying you want to build a social media app but you don't like the fact that social media is dominated by a handful of companies (because the majo…

> Get censored off Twitter without breaking the law.

"Just build your own Twitter!"

> Conservative Twitter gets kicked off hosting services.

"Just build your own hosting services!"

> People talk about the importance of Web3 for openness and censorship resistance.

"Web3 is a grift, and if its not its for illegal things then you're only getting marginal value as compared to using FB or Twitter! So just build your own Twitter!"

I'm getting dizzy.

Re: Why Web3?

#504

Post by mattwilsonn888 »

jandrese wrote: post #221
Kiro wrote: post #213

Earlier quoted context omitted.

Moderation and filtering can happen on the user application layer with the underlying data still being open and accessible. Right now the gate keepers are Big Tech deciding who and when someone or something can access the data.

Personal spam control has its own issues. Managing the filter can end up consuming all of your time on the platform and that effort has to be replicated for every user. Worse, public perception will be that your platform is unusable because the horrendous first impression it makes. So maybe you decided to make public filter lists, but then the people making the filters end up being the defacto operators of the platfo…

No. The base layer remains open and decentralized, and the user layers dictate their own rules on what's allowed. It's not personal spam control, that term doesn't even make sense - that would be akin to each user viewing everything and deciding if its kosher or not, except they've just viewed everything, so its not a filter at all.

Its quite obvious that user services would form their own communities around their moderation styles, and its not like all data needs to be posted on chain anyways.

Re: Why Web3?

#505

Post by root_axis »

tshaddox wrote: post #354
root_axis wrote: post #212

Earlier quoted context omitted.

The author could use a unique private key for each blockchain NFT if they wanted to avoid that.

Huh? If you can’t verify that the public key is the author’s then you wouldn’t consider the message to be signed by the author.

Why wouldn't you be able to verify the public key?

Re: Why Web3?

#506

Post by [deleted] »

jrsj wrote: post #360
inopinatus wrote: post #277

Earlier quoted context omitted.

Maybe so, but they’re not in this thread. Criticising the whole shebang as a bunch of charletans pitching snake oil to the gullible isn’t “progressive”, it’s common sense.

Everyone loves to say their politics are just common sense but characterizing all of crypto as “rich libertarians who see crypto as a way to protect their assets from the government” is an inherently political narrative and it simply isn’t true. There’s also a big difference between valuable emerging technologies that have a lot of speculative investments & charlatans selling snake oil vs “the whole shebang”.

[deleted]

Re: Why Web3?

#508

Post by inopinatus »

jrsj wrote: post #360
inopinatus wrote: post #277

Earlier quoted context omitted.

Maybe so, but they’re not in this thread. Criticising the whole shebang as a bunch of charletans pitching snake oil to the gullible isn’t “progressive”, it’s common sense.

Everyone loves to say their politics are just common sense but characterizing all of crypto as “rich libertarians who see crypto as a way to protect their assets from the government” is an inherently political narrative and it simply isn’t true. There’s also a big difference between valuable emerging technologies that have a lot of speculative investments & charlatans selling snake oil vs “the whole shebang”.

This rather parochially presupposes the whole world operates on the same basis as the two-bit low-grade binary oppositional shit-flinging that passes for political discourse in the USA, or even cares much about it.

Fortunately, that isn’t how this works. Since I don’t live in the US or read its tattered, overwrought media except by accident, I can comfortably say “what political narrative are you on about mate”, and make my analysis free of whatever baggage that entails.

Which leads me back to saying, no thanks. What’s being peddled here creates no fundamental value, so the only beneficiaries are middlemen, their equivalents, and their proxies.

Re: Why Web3?

#509

Post by vernie »

riffic wrote: post #53
altdataseller wrote: post #10

This article is filled with absolutely 0 reasons why Web 3.0 should be taken seriously. All it says is: Web 3.0 matters because I say so. And we will prove it, Yes.. and?

the hn crowd really needs to stop amplifying these authors with buzzwords in the title sort of things.

Yea and whoever owns this domain needs to hand it over to someone who produces H.264-compressed videos.

Re: Why Web3?

#510

Post by SgtBastard »

jboy55 wrote: post #487
everfree wrote: post #381

Earlier quoted context omitted.

Spending a few dollars on NFT "ownership" is worth it to me to have my name next to something, just like spending $10 on a League of Legends skin is worth it to some people to have their name next to a piece of artwork in a video game. I am literally interested in looking at a hash for fun, since it shows up online in NFT viewers with a little picture of it in my account. $10 is such a small amount of money to me, if…

You can also spend money and get a star named after you. I suppose you could assign an NFT to the stellar coordinates and sell the stars as well.

Not only could you sell stars as well, you could sell the same star on multiple chains!
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