As they always say, pessimism and cynicism is the mother of all innovation.
Seriously though, this is just a cheap shot at the web3/cryptography/cryptocurrency/de* space.
Welcome to Web 3.0
41–50 of 309 posts
Re: Welcome to Web 3.0
#42For those genuinely curious about Web3:
The new thing is that we can now enforce invariants on state transitions in a decentralized manner for a limited set of applications (mostly financial).
With all the capital inflow thanks to the various crypto bubbles there is an insane amount of cryptography and distributed systems research going on to let us build general purpose decentralized databases in the future.
Once we get there, it’ll obviously change all of our assumptions about the internet which are based on companies controlling centralized databases.
Re: Welcome to Web 3.0
#43Such bs. People like to be the inventor of new terms... "web3" has * NOTHING* to do with 'web'. But hey, web2.0 was a blast in VC world. If anything, web3 is more like the old internet without the web.. Distributed as in, everybody has a server in their pocket. It's your data, and you decide who has access to it.
> "It's your data, and you decide who has access to it. "
Sure, except everybody has access to read the blockchain.
Re: Welcome to Web 3.0
#44This link is inflammatory and does nothing to spark curiosity or useful discussion. It's essentially the opposite of what HN is for.
It is the same repeated boring non-arguments that critics make to feel smart.
Re: Welcome to Web 3.0
#45This link is inflammatory and does nothing to spark curiosity or useful discussion. It's essentially the opposite of what HN is for.
Oh geeze, this submission is on the blockchain so you can't delete it. What are you gonna do, ya know? Welcome to web 3. ¯\_(ツ)_/¯
Re: Welcome to Web 3.0
#46After 1 like and 1 comment, can't like anymore:
> Looks like you have run out of imaginary crypto coins. I guess that means you won't be able to participate on the internet until your next payday. Sucks to be you!
roflmao
Re: Welcome to Web 3.0
#47Never forget that cryptocurrencies are essentially software, therefore it can most likely change to overcome its present pitfalls. You don’t like the negative environmental impact that PoW has? There are many eco-friendly cryptocurrencies that don’t use PoW. Don’t like that the fees are too high? There are feeless cryptocurrencies. Don’t like that many cryptos are VC money schemes? There are many with fair distributi…
You don't get these tradeoffs for free though. Anyone can make a "crypto currency" that is entirely centralised and has no fees and minimal environmental impact. Nobody would use it. I think much of the desire of crypto comes from being decentralised, and I am yet to see a crypto that doesn't use PoW that doesn't just favor those who are already rich.
Well, I can honestly tell you such a cryptocurrency exists. Cryptocurrencies are byzantine-fault-tolerant consensus algorithms. These are tricky algorithms to get right, but I can assure you that Bitcoin is not the only viable solution. In fact, I don't understand people's pessimism. In the universe of all possible algorithms of this kind, known and unknown, I find extremely unlikely that Bitcoin-like ones would be the best and only possibility!
Re: Welcome to Web 3.0
#48Earlier quoted context omitted.
But... the old internet didn't have any cost-per-interaction associated to it. Not to the consumers anyway. Why fix something that isn't broken? Oh right, to make money.
And that's the reason we have paywalls and ads crammed into every single square inch of screen estate and websites treating users as the product. And you tell me that isn't broken? I'd be glad to pay a penny (or a fraction of it) for each comment on HN or whatever and have it fund the network (server hosting, staff, etc). Much better than the current alternative.
>I'd be glad to pay a penny (or a fraction of it) for each comment on HN or whatever and have it fund the network (server hosting, staff, etc). Much better than the current alternative.
Really? You'd prefer to pay for every single interaction on the web rather than be served an ad that you can block by the way anytime?
What about people that don't have the luxury to throw away their money like that, should the internet exclude poor people from participating?
Re: Welcome to Web 3.0
#49This is just a hater hatin, coming up with the worst ways to make web 3.0 look bad.
An example of a real value proposition of web 3.0 is spam protection and reduction of fake reviews. Much like how bitcoin itself cannot be counterfeited, utilization of the blockchain enables some guarantees in a digital world of endless copying.
The only thing I got from it was that the creator hates crypto bros so much he's willing to spend hours on end making an app to demonstrate why he's right.
Re: Welcome to Web 3.0
#50For those genuinely curious about Web3: The new thing is that we can now enforce invariants on state transitions in a decentralized manner for a limited set of applications (mostly financial). With all the capital inflow thanks to the various crypto bubbles there is an insane amount of cryptography and distributed systems research going on to let us build general purpose decentralized databases in the future. Once we…
Except, we already have decades of research into general purpose decentralized databases that aren't tied to shitcoins.