131–140 of 1001 posts
If there would be a legal framework in place that can tie a DAO to basically be legally binding bylaws of an actual org. and the smart contract lang. is expressive enough for this to work this would be extremely valuable. Outside of this most of web3 looks like hype.
The central problem in this entire debate is two groups talking past each other. The skeptics say "what is it for?" expecting a detailed answer, and the response from crypto enthusiasts is vague and high level; most of what I hear is heavy on words like "revolutionize" and "decentralize" but very, very short on specifics. Or I get argument by analogy to other technologies. If I heard a single use case where blockchai…
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It's not, but blockchains don't magically fix that. And the "web3" stuff built so far is still pretty centralized and could include that same tracking if the incumbents so chose.
Of course a blockchain doesn't magically fix anything, it's a distributed log. But a decentralized distributed log is a great building block for something that isn't owned by FAANG.
A few months ago I agreed with her entirely. Tether is an unbacked fraud and NFTs are being front-run [1, 2]. The mid-level marketing Ponzi vibe is crazy. The latency of applications on the blockchain is atrocious. But more recently after learning from and interacting with people building in the space my assessment changed. There is an interesting intersection between tech, communities, and economics. There exists a…
Could you elaborate which gatekeepers it will disrupt?
The central problem in this entire debate is two groups talking past each other. The skeptics say "what is it for?" expecting a detailed answer, and the response from crypto enthusiasts is vague and high level; most of what I hear is heavy on words like "revolutionize" and "decentralize" but very, very short on specifics. Or I get argument by analogy to other technologies. If I heard a single use case where blockchai…
I'm increasingly seeing "web 3.0" as basically a two headed beast: 1) a way to part greater fools from their money until the hype has died out 2) a hot topic to drive clicks and discussions for nerds and, increasingly, the tech press, from other more pressing issues that exist in terms of tech and culture and finance In other words, its a bullshit scam, can we please move on already?
i suggest learning it properly before jumping to conclusions. everything has pros and cons. e.g. cars pollute but would you want to go back to riding horses? judge less, learn more
I've learned enough at this point to know a scam when I see one, and I definitely don't need to go thru my history w/ software and tech bubbles and cryptocurrencies to explain why web 3.0 is full-on bullshit.
If there would be a legal framework in place that can tie a DAO to basically be legally binding bylaws of an actual org. and the smart contract lang. is expressive enough for this to work this would be extremely valuable. Outside of this most of web3 looks like hype.
I believe Wyoming actually passed some laws along these lines, to where a DAO can be a legal entity.
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This is literally how research in the Universities makes it to the world. Spin-offs like Boston Dynamics are essential to building things that may not have immediate use but payoff can potentially be huge. We need to do more of this. Don’t throw the baby with the bathwater. I really don’t think generalizations of certain jaded experience and then seeing the entire world with the same broken lens does any good. Probab…
From my very (admittedly very inexperienced) perspective, both views here are valid: it's foolish to scour the world for nails, but it doesn't hurt to make a hammer. Build the technology, think of how it could help, and if you can't find a niche in the world that it fits, don't force the issue. Move onto new things: perhaps re-use some old ideas, of course, but actively get a wider experience, so that you increase yo…
May be and may be not. OP is saying more generally that we should stop looking at tech that has no uses. I am disagreeing with that stance and it is just silly to be so wound up about Blockchain zeitgeist to not see through the fog.
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> My wife recently suggested one: NFTs minted by your university as proof of your diploma. Or perhaps your academic transcript. No way to forge a fake diploma again. This is once again better served by a database. Diplomas are inherently centralized and issued by a trusted authority. Guess we gotta keep brainstorming for use cases -- that's how technology development works, right?
> Guess we gotta keep brainstorming for use cases -- that's how technology development works, right? Unironically, yes.
In general though, I believe solving real-world problems with whatever tech is available creates the most value. (And I mean real value, not some numbers on a ledger that don't mean anything at all.) That doesn't mean tech for tech's sake isn't interesting.