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My First Impressions of Web3

moxie.org

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Re: My First Impressions of Web3

#861

Post by neuronic »

schoen wrote: post #727
Joeri wrote: post #703

Earlier quoted context omitted.

The problem with traditional authority models is that the authority may disappear or be subverted. In regions with unstable governments you cannot rely on the government to keep saying that your house is your house. This is why I think the really valuable and underserved use case of the blockchain is decentralized identity. You can prove you are who you say, you’ve studied where you claim, you’ve worked at the places…

> This is why I think the really valuable and underserved use case of the blockchain is decentralized identity. You can prove you are who you say, you’ve studied where you claim, you’ve worked at the places on your resume, and do this in ways that cannot be subverted or lost. This would be invaluable for refugees who often struggle for months or years with proving they are who they are. That's a very interesting use…

I have an idea! Why not create a _second_ blockchain which verifies the identity of NUU? :)

Re: My First Impressions of Web3

#862

Post by neuronic »

pkcsecurity wrote: post #754

Moxie makes so many good critiques (some are so subtle, it might be worth a second read). I got the sense he’s trying very hard to be even handed and constructive about a situation he feels pretty badly about, but his true feelings are bleeding through in some of the side points / parentheticals. One point that I disagree with is his almost axiomatic premise that decentralization is an inherent good and the implicati…

Isn't the fundamental discussion we should be having if decentralization embodies trust? Is something decentralized automatically trustful? Or can trust only be established in a decentralized way? Which way is it?

The only thing I see people agreeing on is that centralized setups are never (infinitely) trustworthy.

Re: My First Impressions of Web3

#863

Post by neysofu »

mjfl wrote: post #688

> Even nerds do not want to run their own servers at this point. Even organizations building software full time do not want to run their own servers at this point. If there’s one thing I hope we’ve learned about the world, it’s that people do not want to run their own servers. Why is this true? At this point it's never been easier to make your own static website, deploy nginx, and get online. Maybe not everyone wants…

Could you? Yes. Could you do it with 99.99% uptime and without spending any money and time for system maintaince? No.

Re: My First Impressions of Web3

#864

Post by CryptoPunk »

tsimionescu wrote: post #760
CryptoPunk wrote: post #498

Earlier quoted context omitted.

>>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? This doesn't enable real-time transfers of NFTs. Ideally, the blockchain allows the NFTs to be traded without Rolex relying on another company acting as a trusted third party platform keeping track of ownership, or Rolex itself runn…

The NFTs are useless. The watches - the thing people care about - can still be traded without relying on Rolex or any other company.

That's a different topic. I was addressing why Rolex might prefer a blockchain ledger over their own internal one.

Re: My First Impressions of Web3

#865

Post by IanCal »

_heimdall wrote: post #691
hanniabu wrote: post #590

Earlier quoted context omitted.

Metamask lets you enter your own RPC endpoints

Don't get me wrong its good that the option is there, but short of coding and operating your own full node Metamask will still be trusting a centralized third party

I'm not sure I understand, running a full node requires some consumer hardware and a few days. And most infura usage doesn't even need a full node, so it's easier to run.

The API is the same, swapping out for another node is just a config change

Re: My First Impressions of Web3

#866

Post by IanCal »

_heimdall wrote: post #835
menzoic wrote: post #791

Earlier quoted context omitted.

You don't need to code a full node. It's software than you run via a cli interface

If the goal is to remove trust in a third party you would either need to code or verify the software before running it. Short of that and you still have to trust whoever coded it and all the distribution infrastructure that let you download it.

There's more than one codebase though, and having more is something commonly talked about.

Re: My First Impressions of Web3

#867

Post by foxfluff »

bblb wrote: post #828
not2b wrote: post #166

Earlier quoted context omitted.

As the article points out, many NFTs are implemented by storing a URL in the blockchain; the digital artwork sits on some server and is reachable by that link. Fine, you can prove that you own the URL. But what that URL points to can change out from under you, so there's no way to make that trustless. If you own the domain and the server that it points to, the registrar can take the domain away from you and give it t…

We need a version of Freenet, where the network _guarantees_ that your content is always highly available. Well, at least as long as the tech/network itself is still alive. Every user of the network has to provide some storage for the network itself. If there's not enough storage to safely store your new content on the network as highly available, the network would just say sorry, can't do right now, please wait on t…

> Sure, it would need some massive network effect to work at scale

And nobody wants to participate. These projects are doomed to be extremely niche. As TFA points out, even nerds do not want to run their own servers at this point.

It could have worked in the days of casual piracy (kazaa, napster, certain private torrent sites etc had a shitton of users) if you managed to sell it as a way to do exactly that..

But getting people to install apps today to donate their bandwidth and disk space for.. what cause? Let alone when they figure out that gasp your storage may then be used for illegal material. Nah, it just doesn't work.

Re: My First Impressions of Web3

#868

Post by nootropicat »

bblb wrote: post #828
not2b wrote: post #166

Earlier quoted context omitted.

As the article points out, many NFTs are implemented by storing a URL in the blockchain; the digital artwork sits on some server and is reachable by that link. Fine, you can prove that you own the URL. But what that URL points to can change out from under you, so there's no way to make that trustless. If you own the domain and the server that it points to, the registrar can take the domain away from you and give it t…

We need a version of Freenet, where the network _guarantees_ that your content is always highly available. Well, at least as long as the tech/network itself is still alive. Every user of the network has to provide some storage for the network itself. If there's not enough storage to safely store your new content on the network as highly available, the network would just say sorry, can't do right now, please wait on t…

No, we don't. IPFS guarantees that the owner can host their own NFT forever (there are multiple pinning services if they don't want to run a server). This is the best possible model. If even the owner doesn't give a shit, why should anybody else?

It's true that most NFT buyers have zero idea how this works. In 2 years multiple shitty NFTs are going to turn into 404. This is fine - people will learn to only buy images that use ipfs.

Re: My First Impressions of Web3

#869

Post by doublerabbit »

playpause wrote: post #849
pkcsecurity wrote: post #754

Moxie makes so many good critiques (some are so subtle, it might be worth a second read). I got the sense he’s trying very hard to be even handed and constructive about a situation he feels pretty badly about, but his true feelings are bleeding through in some of the side points / parentheticals. One point that I disagree with is his almost axiomatic premise that decentralization is an inherent good and the implicati…

> it cannot bring us back to some golden Internet age Why? Because trust is a human problem not a technological one? What does that actually mean?

The golden internet age was innovation and community. You wanted your own X? Code it yourself. You looking for a certain subject? You may find a forum.

Web2 has been polluted by frameworks, modules, libraries and that the generic website now looks like the next. It hasn't gotten any easier its gotten harder. Where do you actually start if you want to create a new website or "app"?

My mother knows html, she has her own website. When it comes down to wanting a gallery to display her portfolio the easiest answer is to say "install wordpress". Which isn't easy in any shape or form.

And then if you wish to be part of Googles Search Engine you have to pay sponsorship.

The golden age was the innovation, the new, creativity, surprisingly freedom. Folk putting work in to developing a new platform. Sadly we are now surrounded by walled gardens and one of the caveats are that if you want it on display, you have to pay.

Re: My First Impressions of Web3

#870

Post by wahnfrieden »

wahnfrieden wrote: post #816
hk__2 wrote: post #755

Earlier quoted context omitted.

> This is trivially solved by including a hash of the object in the ownership certificate. This doesn’t fix any issue. If the URL changes, your NFT is worth nothing and you have no way to get the object back.

Wrapped NFTs

I was downvoted but it’s literally happening, see https://twitter.com/asvanevik/status/1479569507739856897?s=2...
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