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My First Impressions of Web3

moxie.org

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Re: My First Impressions of Web3

#241

Post by wmf »

threeseed wrote: post #140
jeroenhd wrote: post #81

Earlier quoted context omitted.

Bit that it'd be very practical, but the data itself is shared so in theory every company could set up their own API to render the blockchain into a readable, quick to access format. Even the vanished poop emoji NFT would reappear once someone else renders their view on the blockchain in the right way. The problem with this is that running servers that store and process one or even multiple blockchains in a searchabl…

Problem is who cares if you run your own servers when everyone you know is viewing NFTs through servers which are manipulating the data like Opensea is.

In theory you should be able to build a new NFT marketplace and airdrop the shit out of it to replace OpenSea.

Re: My First Impressions of Web3

#243

Post by homarp »

BrissyCoder wrote: post #211
homarp wrote: post #148

Earlier quoted context omitted.

yes, now I use "C-Suite manager" instead. "So simple, a C-Suite manager could do it"

What's is C-Suite?

https://www.investopedia.com/terms/c/c-suite.asp

"C-suite, or C-level, is widely-used vernacular describing a cluster of a corporation's most important senior executives. C-suite gets its name from the titles of top senior executives, which tend to start with the letter C, for "chief," as in chief executive officer (CEO), chief financial officer (CFO), chief operating officer (COO), and chief information officer (CIO). "

Re: My First Impressions of Web3

#244

Post by miracle2k »

Animats wrote: post #162
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."

Me either. I had no idea that accessing a link to NFT-described content went through OpenSea for content that isn't even hosted by OpenSea. That's apparently a MetaMask thing. Supposedly a MetaMask wallet can connect to any willing node, but in practice they use the Infuria->OpenSea server. Yes, you can run your own Etherium node and server, and connect a MetaMask wallet to it.[1] As Moxie points out, nobody wants to…

> Worse, the blockchain does not, apparently, contain the hash of the data.

It very often does, and it is certainly the case for most high-value NFTs. It is indeed not the case if you create your NFT on OpenSea and do not take the additional step of freezing the metadata.

Also, there are many artworks that change, so a hash to a single file is not necessarily the right solution.

Re: My First Impressions of Web3

#245

Post by phire »

justinator wrote: post #204
wyck wrote: post #189

Earlier quoted context omitted.

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.

So you're saying the SEC is, "highly ignorant"? https://www.sec.gov/files/ia_virtualcurrencies.pdf

Did you even read what you linked?

The SEC are saying that some operators of proper Ponzi schemes are taking crypto as investment and using crypto hype to justify their insane profits.

Not that crypto in general is a Pyramid or Ponzi scheme.

Re: My First Impressions of Web3

#246

Post by oconnor663 »

> I think changing our relationship to technology will probably require making software easier to create, but in my lifetime I’ve seen the opposite come to pass.

I don't think I'm disagreeing with Moxie here, but I do like to emphasize that it's less that creating software has gotten harder (which is true in some ways but false in other ways), and more that our standards and expectations for what software should do have gotten higher. If I wanted to make a chat app today, for example, it would obviously need to:

1. run on iOS, Android, and probably also Windows/macOS/Linux or at least desktop browsers

2. have some notion of persistent user identity and message history, including something like passwords and something like an account recovery flow

3. support group communication among these persistent users, hopefully allowing for multiple devices per user

4. be internationalized into many languages

5. with some sort of abuse reporting/detection/response mechanisms and some posture towards law enforcement requests

It doesn't need all those things on day one, but it will need them if and when it gets popular. And of course this is without even beginning to think about discretionary features like

6. searching, sending, and displaying animated GIFs

If my goal is to build an app that me and my friends can use for fun, of course I don't need to do most of this. But if my goal is to compete for market share with apps that do these things, I 100% have to do all this and more.

Re: My First Impressions of Web3

#247

Post by wyck »

wizzwizz4 wrote: post #224
wyck wrote: post #189

Earlier quoted context omitted.

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.

Poorly worded on my part, I meant > as long as new investors contribute new funds, and as long as most of the investors do not demand full repayment and still believe in the non-existent assets they are purported to own.

As mentioned this happens a lot with shitcoins and yield farmers, its rather easy to setup, but is not indicative of the industry, and the main source to blame for this misconception is the media, because you certainly cannot justify it if you understood the technology.

Re: My First Impressions of Web3

#248

Post by input_sh »

justinator wrote: post #74

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

I mean, yeah, nobody that buys cryptocurrencies expects to buy goods with it, only to sell it to someone else for more money down the road.

A decade ago there was at least Silk Road and similar, offering something tangible in exchange for cryptocurrencies, now the best you can get is a half-assed El Salvador experiment with too many issues to list (but to give two examples, imagine not being able to pay for stuff because AWS's US-East-1 went down, or waking up as a "millionaire" because the app had an integer overflow).

Re: My First Impressions of Web3

#249

Post by mediocregopher »

I view the final two conclusions points, that people do not want to run their own servers and that we need to make software easier to build/run, to be one and the same. Is the reason people don't want to run a server because it's just so difficult and expensive to keep a computer online in your living room (remembering that a smaller deployment doesn't need 20 nines of uptime), or is it because the UX of running server software has always been terrible? Could an OS be made which makes running a server actually a friendly process? We managed to design OSs which made running apps on a _mobile device_ a friendly process, surely the same could be done here.

Re: My First Impressions of Web3

#250

Post by password1 »

exdsq wrote: post #107
spenczar5 wrote: post #85

Earlier quoted context omitted.

New products? Would those be more centralized platforms, or is it feasible for me to connect to the blockchain, verify stuff, and so on if I am running my own server? It still seems that my users on phones and browsers would need to trust me in that case, right?

Oh it’s totally doable to run your own node on your own server! And thanks to the protocols consensus rules your users can trust that for a transaction to go through your node and be accepted onto main net your node is a good actor. So one example I’d give - every team I’ve worked on has had to build a local development environment with several nodes to easily spin up with a clean slate for deterministic testing. Tea…

> Blockchain-as-a-Service tools

You mean something like AWS, but that allows me to quickly setup an server containing a node?

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