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Welcome to Web 3.0

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51–60 of 309 posts

Re: Welcome to Web 3.0

#51

Maybe blockchains immutability is going to actually make people think twice before putting something online. "Web2" makes us think that we can delete whatever we post, or what we send is not going to be stored. And we believe it because it is technically possible, even though we don't have any way to double check. If a service claims that you can delete/hide whatever data you uploaded on the blockchain, you'd be able…

>If a service claims that you can delete/hide whatever data you uploaded on the blockchain, you'd be able to verify it and not only trust them

Given that the the two most important features of a blockchain are decentralization and immutability how would any service ever be able to guarantee me that? That implies they own the blockchain, in which case it's just a slow database.

Re: Welcome to Web 3.0

#52
post #38

Never 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…

It hasn't been overcome in 15 years but they will fix it soon. Sure... Software isn't some magic that can wish away its shorcomings. Also, do you think the next instagram that will most like support its own crypto will allow you to switch to a different crypto? ETA: the transaction cost is based on the cryptocurrency, so if now the cost per transaction is 1 cent then in 10 years it might cost 10 dollars if the value…

Because cryptocurrencies are dependent on the reliability of distributed systems and cryptography. Both concepts are extremely tricky, the only true way of validating them is by trying to break them and failing, this takes time. But the floodgates have been opened.

Also, who cares if there are several cryptocurrencies? If they have good properties (fundamentals) and people find them valuable, why not?

Re: Welcome to Web 3.0

#53
post #42

For 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…

If I have an IP address I can host anything and anyone anywhere on the internet can access it right now. There's no company controlled centralized database I have to get permission from to host an apache server with cat photos for example. Isn't this problem already solved?

Re: Welcome to Web 3.0

#54

This 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…

Not only that but they're unaware that "Web 3.0" was the semantic web, envisioned by Tim Berners-Lee over a decade ago. The blockchain web is "web3", named after the library in Ethereum.

Web 3.0 and web3 are very different ideas.

Re: Welcome to Web 3.0

#55

Maybe blockchains immutability is going to actually make people think twice before putting something online. "Web2" makes us think that we can delete whatever we post, or what we send is not going to be stored. And we believe it because it is technically possible, even though we don't have any way to double check. If a service claims that you can delete/hide whatever data you uploaded on the blockchain, you'd be able…

>If a service claims that you can delete/hide whatever data you uploaded on the blockchain, you'd be able to verify it and not only trust them Given that the the two most important features of a blockchain are decentralization and immutability how would any service ever be able to guarantee me that? That implies they own the blockchain, in which case it's just a slow database.

Definitely, yes! That was just a theoretical example to say that this kind of claim can be proven wrong very easily and publicly (probably not worded the best way though :))

Re: Welcome to Web 3.0

#56
post #50
post #42

For 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.

I'd be curious to hear about any solutions to enforcing invariants on state transitions in a decentralized manner pre 2008.

Re: Welcome to Web 3.0

#57

This 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…

Not only that but they're unaware that "Web 3.0" was the semantic web, envisioned by Tim Berners-Lee over a decade ago. The blockchain web is "web3", named after the library in Ethereum. Web 3.0 and web3 are very different ideas.

Tim Berners-Lee ?

Re: Welcome to Web 3.0

#59

Maybe blockchains immutability is going to actually make people think twice before putting something online. "Web2" makes us think that we can delete whatever we post, or what we send is not going to be stored. And we believe it because it is technically possible, even though we don't have any way to double check. If a service claims that you can delete/hide whatever data you uploaded on the blockchain, you'd be able…

It's all fun and games until a judge orders you to remove the content, like a revenge porn photo for example. You'll have plenty of time to think about how best to explain immutability, blockchains, etc. as you're sitting in jail in contempt of court.

The web3 dream of nothing is ever deleted is going to have to hit the brick wall of reality that we as a society agree to follow laws that explicitly allow deleting and removing content. You need a judicial solution to change that, not just a technology one.

Re: Welcome to Web 3.0

#60

I don’t know how web3 will be built but I know that web4 will involve donkeys and smoke signals.

Carrier pigeons too, there's already a RFC for it: https://datatracker.ietf.org/doc/html/rfc2549

TCP/IP over smoke signals would make a great RFC in a couple weeks. ;)

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