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Web3 is centralized

blog.wesleyac.com

441–450 of 497 posts

Re: Web3 is centralized

#441
post #333

Earlier quoted context omitted.

I completely agree with you, but the dotcom ideas you used as examples were ironically great ideas. Grocery delivery is the future (or at least a huge, lucrative chunk of it) and a lot of people do buy pet products online and sometimes even in a subscription model. Chewy.com is a huge business.

Right, and public ledgers, digital money, smart contracts will be used by the people in the future, but BTC and ETH prices are as important as WebVan/Pets.com stock prices for that to happen.

Smart contracts are just software, so I agree. Software will be used in the future.

I still don't know the value of public, distributed, cryptographic ledgers. They don't seem to solve real-world problems because there is no way to tie them to the real world. They preserve lies just as well as they preserve truths.

Digital money is useful, but fiar is already digital.

Re: Web3 is centralized

#442
post #427

Earlier quoted context omitted.

> There are literally "central banks", and if banks don't want to give somebody a bank account, there is nothing these people can do about it. That is the result of centralized control. You can not prevent somebody from having a Bitcoin address. Banks follow laws, which is also a hard requirement for cryptocurrency businesses. Very, very few people are banned from having an account and those bans are of categories wh…

"Banks follow laws, which is also a hard requirement for cryptocurrency businesses" Laws are not always just, and not everybody who is prosecuted by some government is a criminal. Governments can seize bank accounts. You can be labeled a nazi for nothing these days, and then businesses (including banks) who do business with you will receive threats and shitstorms to make them stop doing business with you. It can happ…

> Laws are not always just, and not everybody who is prosecuted by some government is a criminal. Governments can seize bank accounts.

Yes, but that doesn't change the fact that there isn't a magical technological fix for that problem. Wanting something to be useful for dissidents doesn't make it so and it's irresponsible to tell them otherwise just because adoption would be personally profitable for you.

> You can be labeled a nazi for nothing these days

Do you have citations on “nothing”? The examples I've seen are all of people who were doing things most people find objectionable and they didn't get a blanket ban on banking or being online but rather a specific company chose not to associate with them. Even actual Nazis like Stormfront don't seem to stay offline for that long.

> Should dissidents in authoritarian regimes just give up, and not use Encryption or Tor? It certainly seems dangerous, but what is the alternative? Also I suppose you could try using Monero without anybody knowing that you used it.

Think about what trying Monero would mean: you'd have to be able to use a search engine to find a client, download it without triggering monitoring, hope that it's not actually a trojan left by the secret police, hope that it doesn't make identifying network traffic (always-on blockchain networks are easy to profile that way), figure out how to convert local currency into Monero and vice versa, etc. — and either do so perfectly forever or very carefully purge your history without leaving a trace.

It seems a lot less risky to avoid things with massive electronic footprints and focus on using cash and offline communications as much as possible, but really the key part is not overpromising. When sales people go around saying things which are not true about cryptocurrency, they're giving advice which is actively unsafe to follow — it'd be much better not to say anything at all rather than give a false sense of security.

Re: Web3 is centralized

#443

Earlier quoted context omitted.

From what I've read web3 creates a new stack in the sense that ENS is used instead of traditional domain names, public key cryptography replaces traditional auth, smart contracts replace application backends and the blockchain acts as the database storing assets, user generated content and profiles (with large or volatile data stored on IPFS).

I find it so strange that connecting the dots you described here is so hard for so many people.

I feel like a lot of people are somehow angry that this new tech stack’s slug seems to have settled on the “web3” keyword, which they don’t like. I don’t know a single person in the space that cares enough for how its named.

There’s also the armchair argument that this doesn’t work for ‘reasons’ which is what you also find in posts with research papers where a random commenter is lecturing on how they should have done it without actual involvement in the space.

Most of us work on things we find interesting and feel like it could work (those lucky enough at least), which as some pointed out could just be us being dumb, but at the end of the day, if anything comes out of it, and it’s useful, no one is going to care how its named except the people that don’t like it.

Re: Web3 is centralized

#444

Earlier quoted context omitted.

So if the platform is doing all the heavy lifting, why do you need the blockchain again? i.e. what is the difference between this and YouTube? Blockchain is superfluous to this scheme

Blockchain is the immutable ledger, a place where if someone writes something down, it is guaranteed to not change, the immutable part. The difference between Blockchain/crypto/bitcoin and YouTube, is that the latter puts no guarantees about the content of a link, we trust Google. If you go further, the content doesn't need to be a simple url, it could be data of any type. People get stuck on "who needs to pay for ur…

>multidimensional point in the current manifestation of what we think as web3/metaverse

But this is useless. The video is available with or without the blockchain. If you have DRM on the video, then you don't even need the blockchain. The blockchain can't actually do anything outside itself, and if you are trusting Metaverse.inc to enforce ownership, why can't you trust them to store it too?

Re: Web3 is centralized

#445

Earlier quoted context omitted.

if it's opaque to analysis, what's the point in using a blockchain? why not just a central database?

> why not just a central database? I would have thought this to be obvious, but these chains, while anonymous still have the following attributes: - decentralized - permissionless - does not rely on third-party trust A central database has none of these attributes.

if you can't see the transactions, aren't you trusting a 3rd party that can?

further, none of this is "obvious"

Re: Web3 is centralized

#446

Earlier quoted context omitted.

From what I've read web3 creates a new stack in the sense that ENS is used instead of traditional domain names, public key cryptography replaces traditional auth, smart contracts replace application backends and the blockchain acts as the database storing assets, user generated content and profiles (with large or volatile data stored on IPFS).

I find it so strange that connecting the dots you described here is so hard for so many people.

I chuckled and was convinced you left out the "/s" but looking at your profile you probably do find it strange.

Re: Web3 is centralized

#447
post #441

Earlier quoted context omitted.

Right, and public ledgers, digital money, smart contracts will be used by the people in the future, but BTC and ETH prices are as important as WebVan/Pets.com stock prices for that to happen.

Smart contracts are just software, so I agree. Software will be used in the future. I still don't know the value of public, distributed, cryptographic ledgers. They don't seem to solve real-world problems because there is no way to tie them to the real world. They preserve lies just as well as they preserve truths. Digital money is useful, but fiar is already digital.

BTC is used for bypassing government controls (drugs, money laundering, currency export controls, remittance) There will most likely be demand for that in the future. I'm not saying anyone should invest in crypto, I'm just saying those use cases exist.

Re: Web3 is centralized

#448

Earlier quoted context omitted.

So if I just stop using web3 as a catch-all for the things I work on (i.e. IPFS, Crypto Wallets, Merkle Trees) and just start naming them one by one everything will be OK and it's not a marketing buzzword anymore? Or should I be aware that I am in fact only building marketing funnels even though I find value in the technology being built?

Yes, you should stop using it. Here's Wikipedia's definition of the web: > The World Wide Web (WWW), commonly known as the Web, is an information system where documents and other web resources are identified by Uniform Resource Locators (URLs, such as https://example.com/ ), which may be interlinked by hyperlinks, and are accessible over the Internet. The only one of the three you referenced that has anything like th…

Would it be better if we (the shill council for naming things) just renamed it to ‘net’? You seem to imply that ‘web’ is taken by our current stack

Would the fact that ‘net’ is aiming to make content-addressing a first hand citizen give any weight into being some sort of web? (this seems to be what the paragraph you quoted seems to be mostly concerned with)

Would being able to authenticate to websites with your crypto wallet in a frictionless way give any weight into being some sort of web?

Would a data structure that allows us to content-address files and ensure content resilience give any weight into being some sort of web?

I guess the answer to all my three questions is no because these are not covered in the narrow definition of the web that you provided.

I’m not sure what people loving the web has anything to do with the fact that ‘web3’ seems to be the slug for this new stack shuffle. Do people love web1? web2? This is a non issue. People love being connected as simple as possible, they don’t love the web for using HTTP instead of IPFS…

Re: Web3 is centralized

#449
post #377

Earlier quoted context omitted.

...Or you can use a cryptocurrency like NANO (I'm sure there are others very similar), which is feeless and has nearly no delay to transfer. If there is a scam hiding in there, I've yet to find it. Honestly I've stepped back from the entire crypto space for a while now, the whole space pisses me off, it's all hype and no progress. Or rather, the work that was needed to be done has now been done (feeless, near instant…

> which is feeless and has nearly no delay to transfer You clearly misunderstood the OP. They’re talking about the fees to convert fiat to XYZ crypto. Where can you buy NANO with fiat & zero overhead?

> they’re talking about the fees to convert fiat to XYZ crypto.

rather the transaction fees.

Re: Web3 is centralized

#450

Earlier quoted context omitted.

I find it so strange that connecting the dots you described here is so hard for so many people.

I chuckled and was convinced you left out the "/s" but looking at your profile you probably do find it strange.

You made me check out his profile. Do you even know what Truffle does before discrediting one of its developers?
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