Why Web3?

Post by arcticbull » Sat, Jan 01, 2022, 7:42 AM UTC

hestefisk wrote: post #637

arcticbull wrote: post #560

Earlier quoted context omitted.

> Largely agree with this. The big promise of defi was to “bank the unbanked” The un-banked aren't un-banked because there are no banks, or even because banks are inaccessible. They are un-banked because they do not have money. This is a social problem characterized by folks falling through the cracks. It's a lack of social safety net, a lack of unionization, a lack of inflation-adjusted minimum wage, a lack of healt…

I agree with your views in a country like the US where banks are widespread and people have Internet access. However in a country like Indonesia it’s quite different. Only 50% of the population have a bank account, and even if they have a bank account they might not have sufficient credit history to apply for a loan for their business or a home. Banking is much more than just a checking or savings account with a debi…

Post by galaxyLogic » Sun, Jan 02, 2022, 12:09 AM UTC

shagie wrote: post #687

miracle2k wrote: post #674

Earlier quoted context omitted.

The NFT is just an entry in a ledger. What rights the buyer has to the intellectual property that is your photo is decided by your respective jurisdictions. In general, I would think this is largely up to you - i.e. only the rights you explicitly granted. However, I believe in the US, there is no right to even download a copy of a file on the internet for purely personal reasons. I could see an NFT buyer successfully…

> In general, I would think this is largely up to you - i.e. only the rights you explicitly granted. Do you have any examples of an NFT that grant rights accompanied by TOS terms for minting the NFT that affirm that it is the original artist or someone who is authorized to do so who is creating it? > However, I believe in the US, there is no right to even download a copy of a file on the internet for purely personal…

Post by kinship7 » Sun, Jan 02, 2022, 4:21 AM UTC

adventured wrote: post #73

> If, on the other hand, the database is an open public database that is not controlled and administered by a single company, but instead is a truly open system available to all, then that kind of market power cannot be built up around a data asset That's just so blatantly and obviously false it's rather remarkable that he wrote it. Absolutely nothing stops companies from becoming the dominant providers - aka big tec…

Post by darawk » Sun, Jan 02, 2022, 9:32 AM UTC

say_it_as_it_is wrote: post #600

darawk wrote: post #83

Earlier quoted context omitted.

Except all these things can be trivially forked. If you don't like how the VC one is doing things, just fork it. There are a billion forks of everything in the crypto space, for exactly this reason.

There are a "billion" forks in the crypto space, but have any surpassed the original project in quality or adoption?

Post by wslh » Sun, Jan 02, 2022, 11:56 AM UTC

kinship7 wrote: post #694

wslh wrote: post #17

The crux of web3 is the UX, last mile, and/or listing problem: even if you, hypothetically, could find a decentralized solution for every centralized one, the last interface to this mechanism will be centralized. Your UI (e.g. mobile app) is centralized so the best UI will eventually win because most end users care about UX or will enter this interface because they see a well paid ad. If this UI (e.g. a decentralized…

You're right that the UX layer could be centralized. However, the data that the UX is built on would not be centralized. In the Uber example, it's as if the ride-hailing backend were available to anyone. The centralized UX could censor transactions like you say, but the barrier to entry is low for another UX, built on the same decentralized data, to emerge and challenge the centralized UX. That's because the data is…