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Welcome to Web 3.0

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Re: Welcome to Web 3.0

#61

Post by abiro »

qbasic_forever wrote: post #53
abiro wrote: 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?

The interesting part is state transitions (mutations). How would your Apache server coordinate mutations to your cat database with other servers when you need to enforce invariants like the maximum number of kittens a cat can have per year?

Re: Welcome to Web 3.0

#62

Post by cormacrelf »

qbasic_forever wrote: post #29
onion2k wrote: post #16

This parody is quite funny, but it's actually a take on the micro-transaction model more than web3. Web3 sites could work exactly the same as web2 sites except for the bits people want to own themselves. I don't imagine many people care about owning a Like or a comment. What's perhaps even more fun to think about is that somewhere in a lofty corner office at Instagram there's someone with a math or compsci PhD doing…

The cost to post (just an upload) is going to be a lot smaller in the long run than the cost for people to view popular content (tons and tons of bandwidth, some db access, etc.). So it's kind of a weird model to charge for posting or contributing. Really you'd want to charge for time spent viewing... and then you've basically invented AOL again.

If only there were a way to subscribe to curated collections of content for a flat fee using some kind of revolutionary new internet

Re: Welcome to Web 3.0

#63

Post by DixieDev »

JellyYelly wrote: post #39
MadSudaca wrote: post #32

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…

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.

PoW also favors those who are already rich it's just abstracted by one layer of them having to buy rigs for mining farms, instead of being hard-coded in the same way as PoS.

Re: Welcome to Web 3.0

#64

Post by teekert »

I put some money on a BTC Lightning wallet, now when I stream a podcast (creator to me), I stream satoshis/minute back. Literally value for value (I use Castamatic [0]). This was always the promise of defi for me. I'm glad it wasn't made illegal, it's starting to move into a useful domain where you can pay creators without friction and perhaps we can then finally get rid of ads (where we want) as the only viable model. I hope this can help indie podcasts from being gobbled up by Spotify, YouTube, etc.

And if you are afraid stuff will be unreachable for some people, the default for the podcasts are 40 sats/min (0.02 cents/min) atm. An yes, it is still difficult to get money into a Lightning wallet, I hope that will change.

These inventions only add to the freedom of creators to make their creations available under their own terms.

[0]: https://apps.apple.com/us/app/castamatic-podcast-player/id96...

Re: Welcome to Web 3.0

#65

Post by Netcob »

AlchemistCamp wrote: post #54
RedBeetDeadpool wrote: post #49

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.

I'm looking forward to reading this exact text a million times.

Re: Welcome to Web 3.0

#67

Post by vgel »

nextlevelwizard wrote: post #24
birracerveza wrote: post #20

Earlier quoted context omitted.

The data is not held hostage by the centralized entities who serve you the UI. If a website turns their UX user-hostile for whatever reason, one can simply build an alternative UI that interacts directly with the distributed data.

>one can simply build an alternative UI Oh, so web3 is for niche hobbyists?

That's a little unfair. Niche hobbyists will build the alternative UI, and regular people can choose to use it. Like Youtube Vanced or all the Wordle clones (yes those are both normal web. open / accessible data is orthogonal to blockchain, IMO)

Re: Welcome to Web 3.0

#68

Post by qbasic_forever »

abiro wrote: post #61
qbasic_forever wrote: post #53

Earlier quoted context omitted.

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?

The interesting part is state transitions (mutations). How would your Apache server coordinate mutations to your cat database with other servers when you need to enforce invariants like the maximum number of kittens a cat can have per year?

I... don't?

I'm hosting cat photos for friends to view. There are no invariants. There are no rules. It's purely content I'm posting for other people to consume. It's no different than if I printed photos and mailed them to all the people.

Re: Welcome to Web 3.0

#69

Post by usrbinbash »

RedBeetDeadpool wrote: post #49

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…

> An example of a real value proposition of web 3.0 is spam protection and reduction of fake reviews.

How? It just costs money now.

Entities that want to spam and fake reviews, usually have money.

In fact, the more money someone is willing to throw at it, the more reviews they get to post. In fact, with enough resources, genuine reviews (which I would be reluctant to give as a user, as they cost additional money) can be comlpetely drowned out in this scenario.

Re: Welcome to Web 3.0

#70

Post by luaybs »

teekert wrote: post #64

I put some money on a BTC Lightning wallet, now when I stream a podcast (creator to me), I stream satoshis/minute back. Literally value for value (I use Castamatic [0]). This was always the promise of defi for me. I'm glad it wasn't made illegal, it's starting to move into a useful domain where you can pay creators without friction and perhaps we can then finally get rid of ads (where we want) as the only viable mode…

I'm curious as to how this is different from Patreon, et al.

Edited: Typo

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