Web3 is centralized
blog.wesleyac.com
Web3 is centralized
1–10 of 497 posts
Re: Web3 is centralized
#2I think the author is confused about the goals of “web 3”.
Re: Web3 is centralized
#3My main concerns with Web3 are that it is "pay to play" in many aspects and it's less democratic than the existing Internet.
Re: Web3 is centralized
#4I don't know, seems kind of a stretch to say crypto is decentralized because everybody uses the same protocol. Is the IP protocol centralized too by that standard?
On the other side yeah, most of the goals of decentralization could be achieved by looking at things like the Bittorrent / Pirate / Scihub projects which have been delivering content consistently in a distributed way for decades.
A blockchain is only necessary if you need an immutable history for some reason for a specific part of a process that you want to implement, but every other part of the process can live apart and work without any blockchain tech.
Re: Web3 is centralized
#5Web3 is a marketing buzz word and nothing more. You can have a decentralized app but it is still probably going through at least one centralized gateway. Until everyone is running IPFS or something similar and people are going to want to host multiple copies like a torrent, then you'll be stuck paying for and hosting the only reliable copy. You're also going to have a lot of people building some censorship control to prevent users from distributing illegal content. Otherwise that first use for Web3 would be pirated content.
Re: Web3 is centralized
#6I think this is a pretty weak article regarding web3. The author wants to claim Ethereum or Bitcoin are more centralized than HTTP, but that isn't a valid comparison. Anyone can spin up their own blockchain exactly in the same fashion of spinning up their own webserver. It's more comparable to something like AWS or Discord or Twitter. Now, I would still say the majority of all things developed on the blockchain are very centralized, from DAOs to NFTs to dApps. And I definitely agree that it's because they're mostly all cash grabs. But the articles being published every day criticizing the web3 world recently have been pretty terrible imo.
Re: Web3 is centralized
#7I think the author is confused about the goals of “web 3”.
Please elaborate.
Re: Web3 is centralized
#8My main concerns with Web3 are that it is "pay to play" in many aspects and it's less democratic than the existing Internet.
Democracy isnt free. Pay to play is exactly what makes it democratic. Free is more like a benevolent dictatorship.
Re: Web3 is centralized
#9The main issue with "Web3" is that it moves records of transactions from many private places to one public place. Sure this one place may not be controlled by a single entity, but it facilitates tracking at an unprecedented level.
Cryptocurrencies are the ultimate example of this and are an absolute boon to tax collectors, forensic accountants and fraudsters. In our current economy financial transactions are recorded in millions of individual ledgers that are kept private, or in the case of cash transactions are often not recorded at all, or are not linked to an individual. There is no central ledger.
With crypto currencies however you can not only see all transactions but also trace them back to individual users as long as you can link a wallet to a person. This is a massive increase in centralisation yet discussion of whether this is a good idea seems to be entirely missing. The notion that centralising transactions in one place is somehow an example of decentralisation just seems mad.
Re: Web3 is centralized
#10My main concerns with Web3 are that it is "pay to play" in many aspects and it's less democratic than the existing Internet.
Agreed. The one dollar-one vote concept is fundamentally flawed, but has become the main model for crypto community governance. There aren’t a lot of viable alternatives, especially as there is no concept of a person, just free, infinite wallets and limited coins. As such, the interests of the wealthiest steer the entire community, and a bad actor could derail a project with malevolent use of voting powers. Democracy is messy at best, but where there are no ‘demos’ its nigh impossible.