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My First Impressions of Web3

moxie.org

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Re: My First Impressions of Web3

#221

Post by quickthrower2 »

superfrank wrote: post #47

> People don’t want to run their own servers, and never will This kind of gets at the reason why I think a lot of tech articles/blogs about what the future will be like are just terrible. The wants of someone who is driven enough read and write about the bleeding edge of technology are very, very different from the general population. Like this author says, most people don't want to run their own web server, but I'd…

It like getting a kid to compost, sew seeds, tend to the veggie patch, pull weeds and 10 weeks later cook and eat the vegetables.

Im the sort of person who should be interested in web3 (i dreamt of this kind of stuff years ago although had no technical idea how it might work) but now I’ve seen the culture of the space I have no interest.

Re: My First Impressions of Web3

#222

Post by simias »

pshc wrote: post #72
simias wrote: post #29

>When you think about it, OpenSea would actually be much “better” in the immediate sense if all the web3 parts were gone. It would be faster, cheaper for everyone, and easier to use. That sums up the situation for me. Having a marketplace for purely digital goods might be a concept with a future. Having standard ways to interoperate between different platforms and query and update these goods might make sense (althou…

> Couldn't Rolex issue a PGP signed CSV of all valid Rolex serial numbers once a month on IPFS and you'd get the exact same security and trust profile without having to involve any "web3" feature? A serial number can be copied and engraved onto a forged watch, so not really. A more analogous scenario would be if Rolex embedded an NFC hardware chip with a private key inside the watch, such that anyone could wave their…

Well sure but that's the "analog gap" problem. NFTs don't fix that, do they? In the end there'll have to be something that will tie a given NFT to a given watch, and one way or the other it'll be the same issue as tying my CSV to a given watch.

Re: My First Impressions of Web3

#223

Post by bidder33 »

baash05 wrote: post #186

I found it interesting that the content of the NFT is held by a company that can remove it at will. To me this flies in the face of freedom and will land us in the Youtube paradigm. Where walking past a restaurant playing music gets your video ownership ripped from you.

imo these nfts that are "host it on an endpoint on our apache server" will die away as their fragility fails them. its mostly quick-buck thinking.

yes you can do a bad job with your nft contract and not think about metadata location etc. but you could also do a good job (ipfs/arweave). There are plenty that will last as long as the chain they are on with no problems.

Opensea shooting themselves in the foot. But its ok Zora and Foundation and others are stepping up and leading the way.

Re: My First Impressions of Web3

#224

Post by wizzwizz4 »

wyck wrote: post #189
justinator wrote: post #74

I was under the impression that crypto currency was thought of as nothing but yet another pyramid scheme.

By definition something with a finite supply cannot be a pyramid scheme, in fact in most cases there are no parallels whatsoever to crypto and pyramid schemes. There are some pyramid schemes within the shitcoin scam and yield farmer communities, but to think that's represents the industry is highly ignorant.

By your definition, the original Ponzi scheme isn't a pyramid scheme. https://en.wikipedia.org/wiki/Ponzi_scheme

That scheme was based on arbitrage of international reply coupons, of which there were a finite number in circulation.

Re: My First Impressions of Web3

#225

Post by bidder33 »

arcticbull wrote: post #39

I'll be honest I had no idea that access to Ethereum is effectively gate-kept by two centralized entities (Infura, Alchemy). I knew there were only one or two true Ethereum full-nodes, but the impact of that never quite clicked. [edit] By "full node" I meant "archival node."

full nodes have access to all the data in an archive node.

Re: My First Impressions of Web3

#226

Post by arcticbull »

intrasight wrote: post #176
SubiculumCode wrote: post #116

Earlier quoted context omitted.

I think you are over-simplifying the conclusions of the article. The article presents a much more nuanced view, and while it points to certain limitations and deficiencies of Web 3.0 (and that only on the Eth part of it; we are in a multi-blockchain world now), it also points to several strengths of the growing ecosystems, and mostly comes across as humble; not knowing how its all going to turn out.

Yes - a bit over-simplifying I admit. And Moxie said that it's "early days". However it turns out, it'll be fun to watch.

To be fair Moxie says it's only "early days" in the sense that the technology has failed to advance, since of course a significant quantity of time has passed since inception.

   In some ways, cryptocurrency’s failure to scale beyond relatively nascent engineering is what makes it possible to consider the days “early,” *since objectively it has already been a decade or more*.

Re: My First Impressions of Web3

#228

Post by simias »

nefitty wrote: post #121
pshc wrote: post #72

Earlier quoted context omitted.

> Couldn't Rolex issue a PGP signed CSV of all valid Rolex serial numbers once a month on IPFS and you'd get the exact same security and trust profile without having to involve any "web3" feature? A serial number can be copied and engraved onto a forged watch, so not really. A more analogous scenario would be if Rolex embedded an NFC hardware chip with a private key inside the watch, such that anyone could wave their…

This is one of the few usecases of crypto that kinda make sense. If those certs were on a blockchain, Rolex could fold and people in the future might still be able to check for authenticity. There's more steps involved that I'm not sure could be solved, like, who controls the authenticity Oracle? Is it an API that gets pinged? Do you have to pay a gas or network fee to check authenticity? Could a smart contract be ma…

>Rolex could fold and people in the future might still be able to check for authenticity.

That's why I mentioned distributing the file over IPFS so that it could be easily backuped by anybody forever. If eventually there's no longer any interest in this database it could be lost to bitrot of course, but this is also true of blockchains.

Re: My First Impressions of Web3

#229

Post by wyck »

not2b wrote: post #178
fabian2k wrote: post #80

At the risk of displaying my ignorance and lack of knowledge about this area, one part I found very familiar in this article is that the action interactions in his apps didn't actually interact with the blockchain, but essentially with two centralized services. My very limited understanding is that for blockchains essentially the way to distribute them is that every node has a full copy. This sounds awfully expensive…

Except that as you say, it's too expensive for every node to have a full copy, so there will only be a few dominant players. If that's the case, web3 will be like what we have now, where instead of the dominant players being Google, Meta, and Amazon they will be the two or three dominant web3 companies, with a few smaller people trying to keep up. So I would agree with your last sentence.

That's not how decentralized blockchains work, you participate in staking or as a validator, there are no "companies", it's open source and decisions ar3 made from the ground up, meaning your are a participant. Also to say every node needs a full copy is about 5 years behind what's currently happening in the space.

Re: My First Impressions of Web3

#230

Post by phire »

everfree wrote: post #159
arcticbull wrote: post #87

Earlier quoted context omitted.

I should have said archival nodes, the ones that keep state back to the genesis block. I don't know if that number is even tracked anywhere. I've read estimates ranging from 2 to 5. I'm trying to find where I read that, happy to be wrong - or right, if anyone has data. [edit] Here. [1] And here. [2] After examining every which way we could think of to add the Trie state to our Ethereum state, we asked Vitalik for ass…

Archival nodes also keep state back to the genesis block, it's just stored in delta format so you could say that it's not "unpacked" out to the disk. It's a common misconception that "full nodes" don't have all this data. > Every now and then someone will argue on CT that Ethereum full nodes are not complete nodes because archive nodes exist. I decided to run a little experiment to disprove a few things > The goal wa…

The fact that all the data is there is kind of irrelevant if you can't query it.
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