I think the author is confused about the goals of “web 3”.
Please elaborate.
Web2 = We make money more easily
Web3 = We print money more easily
Web3 is centralized
41–50 of 497 posts
Re: Web3 is centralized
#42peer to peer cryptocurrency networks are a weird corner case in open source software. they're open source and they're peer to peer... but they also form gigantic singletons that have applied cryptography level protocol strictness requirements.
i think the argument that many are trying to make is that perhaps you could see more openness built upon these singletons. whether or not that is true remains to be seen.
Re: Web3 is centralized
#43Does IPFS and blockchain domains mitigate BGP risk?
Re: Web3 is centralized
#44[This is not necessarily about web3]
I've said it before, and it needs repeating: we >needcan'tBut there will not be any progress to any decentralized internet unless we get solutions to the average joe, the consumer, to do this.Obviously this is not in the interest of corporations, governments, and other entities that have control, but in the case of a disaster or collapse of a society, a change of regime towards a totalitarian state, what other viable solutions are besides hoping those in power will "bide by their principles"[assuming they exist]?
That's why frankly any decentralization software-wise is good but quite useless at the same time, including web 3.0, including anything running on IP protocol or through an ISP that is governed by a state.You literally have to cut <=5 "internet cables" worldwide and you got rid of the internet to the vast majority of the planet.Yes Starlink exists but how many people use it and how resilient is it?
Re: Web3 is centralized
#45My main concerns with Web3 are that it is "pay to play" in many aspects and it's less democratic than the existing Internet.
The existing internet is dominated by trillion dollar monopolies. How do you reconcile that Web3 is less democratic than a megacorp oligopoly than can unperson people at will? Web3 has decentralization, freedom of speech, anti-gatekeeping, permissionlessness and inclusiveness, at its core.
The underpinnings of the web are effectively decentralized; I can host a blog for a nominal monthly fee and have a bunch of hosts competing for my business. It’s only become centralized because we’ve allowed our attention to become centralized, and given it all to twitter/facebook/etc.
We’re already seeing the same thing happen in web3. OpenSea can (and does) remove NFTs from its marketplace if it wants to. Like the web, there are other markets you can use, and you could even permissionlessly start your own, but you’d be giving up the attention that comes from using an established platform.
Re: Web3 is centralized
#46The 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…
So if I don't trust Big Tech, I'm somehow supposed to trust groups of sketchy people who do things like give up their US citizenship (as an immigrant to the USA - the privilege is real) to move to {insert sketchy country or a known haven for certain activities - its legal there!} so they can now facilitate millions of dollars moving each day outside of any government jurisdiction.
I mean, yeah. There is a privilege associated with that. The US is a great starting point, but you can outgrow it, especially when it comes to financial services if you aren't interested in the incumbents.
People with money in stable economies aren't clamoring for US citizenship, some are interested in it but its just an option. The whole continent is populated by people that lost consensus wherever they came from. Like 99% of the population has a heritage that was either deemed an extremist in their "motherland" or were simply just outside of the cool kids club and had to fight for scraps, or avoiding the impending reality of both. The other 1% are basically the 1% financially and just here for play while retaining their options to do the same anywhere.
Re: Web3 is centralized
#47I 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 v…
I recommend looking into BSV, as you can store data on-chain for cents, but it looks like any comment mentioning it will get automatically moderated for some reason.
Re: Web3 is centralized
#48I like to login web-apps using my wallet.
I like to see things that I own in my wallet.
I think we should give a chance to web3.
Re: Web3 is centralized
#49Web3 feels like the next grift after we caught on to ICO's.
From the article:
> The problem here is the profit motive: people who are working on web3 generally want to get paid for it, but it's fundamentally harder to extract rent from truly decentralized systems than it is from centralized ones. Because of that, people end up building systems that are centralized at their core, with some aesthetics of decentralization smeared on top, and call it web3.
I remain curious that there are practical applications for blockchain outside digital gold style securities. But web3 feels like a land grab for the mindshare of the future. Trading off the philosophies that got us here, while subverting them with the very things the web fought against (centralisation, pay-to-play and so on).
A big red flag is the level of complexity of web3 compared to say HTTP. I rarely see practitioners of web3 talking with clarity, instead hand waving and double-speak is far more common.
Yes, sometimes the most exciting things are emergent, but it's been over a decade of the blockchain field of dreams and we're still talking in hypotheticals are what it will be good for.
Gall's law seems more prescient than ever:
> A complex system that works is invariably found to have evolved from a simple system that worked. A complex system designed from scratch never works and cannot be patched up to make it work. You have to start over with a working simple system.
At the network layer tcp/ip/http are relatively simple compared to blockchain. At the application layer a web server/cloud is still simpler than a dApp. At the user layer a credit/debit card is still simpler than paying with crypto.
To say nothing of the ecological impacts. You may think web3 is the future, but we cannot ignore the fact that http is greener. Yes, I know proof of stake will make crypto green but I'm not convinced it's possible [0].
[0] https://yanmaani.github.io/proof-of-stake-is-a-scam-and-the-...
Re: Web3 is centralized
#50I 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 neces…
There are a lot of bullshit blockchain projects. That said, the reason tokens are tied to so many of these projects is to act as incentive and to quantify participation. There is no reason for people to, say, seed torrents aside from feeling good about sharing with other people. Financializing this process brings an incentive to participate in decentralized projects that otherwise would have no way to exist. Sure, mo…
Funny that one of the most successful decentralised technologies (torrents) has no token for incentives.