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Welcome to Web 3.0

welcome2web3.com

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Re: Welcome to Web 3.0

#111

Post by andrewingram »

JamesMcMinn wrote: post #95

So far I've yet to see a convincing argument for what "Web 3" is and can offer that we can't currently do without the use of a Blockchain. It all seems to boil down to "it'll cost something to do something", which isn't exactly a convincing argument on its own. The responses to this story read rather like Facebook comments on controversial news articles - there's a bunch of comments claiming the website is a bunch of…

I haven't bought into crypto/web3, so take this with a pinch of salt.

I currently think of the role of crypto in "web3" as a bit like dark matter in the universe, something that causes the web (universe) as a whole to resist centralisation -- by means of financial incentives. It doesn't have to be everywhere, but it has to be in enough places to resist the pull towards building megaservices like Facebook.

I'm very skeptical as to whether it's actually going to play out that way though.

Re: Welcome to Web 3.0

#112

Post by [deleted] »

5350-uiop-1130 wrote: post #89
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…

well if you know about proof-of-stake, then you know that he who has the gold makes the rules. it's nothing new. wealth begets wealth.

[deleted]

Re: Welcome to Web 3.0

#113

Post by goosedragons »

MaxKK wrote: post #98
JamesMcMinn wrote: post #95

So far I've yet to see a convincing argument for what "Web 3" is and can offer that we can't currently do without the use of a Blockchain. It all seems to boil down to "it'll cost something to do something", which isn't exactly a convincing argument on its own. The responses to this story read rather like Facebook comments on controversial news articles - there's a bunch of comments claiming the website is a bunch of…

Crypto makes it possible to own something digitally. Web3 incorporates this ownership. While Web 2.0 was about writing something to the internet and the World Wide Web was about reading something on the internet. It's a further iteration which just makes sense.

You could own something digitally before crypto. I've got some pretty sweet digital 7th Edition Magic cards I've had for about 2 decades. I traded away some of them and sold others.

Re: Welcome to Web 3.0

#114

Post by jdrc »

> This hype of a new internet (which is a false narrative) is driven by over a billion dollars of venture capital of investment by people who can only see dollars (for them).

I am fine with VCs dispensing with some of their exorbitant profits to random people who are making "web3" technologies. Actually 1B is too little, i was hoping at least 200B of wealth would be redistributed randomly in this manner. Capitalism needs exploration , not just exploitation

I 've stopped believing all the hype after people started buying decentraland plots for real. Now this is a model that is very well researched and exploited by second life for 20 years, (sorry kiddos it's happening again[1]). People who really care about metaverse living should go ask Philip Rosedale, not the random assortment of wannabes on twitter.

[1] https://pbs.twimg.com/media/EXTPp7SXYBIYYrb.jpg

Re: Welcome to Web 3.0

#116

Post by jdrc »

andrewingram wrote: post #111
JamesMcMinn wrote: post #95

So far I've yet to see a convincing argument for what "Web 3" is and can offer that we can't currently do without the use of a Blockchain. It all seems to boil down to "it'll cost something to do something", which isn't exactly a convincing argument on its own. The responses to this story read rather like Facebook comments on controversial news articles - there's a bunch of comments claiming the website is a bunch of…

I haven't bought into crypto/web3, so take this with a pinch of salt. I currently think of the role of crypto in "web3" as a bit like dark matter in the universe, something that causes the web (universe) as a whole to resist centralisation -- by means of financial incentives. It doesn't have to be everywhere, but it has to be in enough places to resist the pull towards building megaservices like Facebook. I'm very sk…

i think cryptochains and web3 should not be confused. one of them will survive

Re: Welcome to Web 3.0

#117

Post by foxes »

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…

>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).

Lol, this has to be ironic.

Re: Welcome to Web 3.0

#118

Post by basisword »

bibabaloo wrote: post #35
AlchemistCamp wrote: post #11

This link is inflammatory and does nothing to spark curiosity or useful discussion. It's essentially the opposite of what HN is for.

The vehement shilling against anything blockchain related is something I still don't really get. Sure, I get it, you don't like blockchain. But this website would've taken a bit of effort to put together, and for what? To shit on something the author doesn't like? What's the author trying to get out of making something like this?

There seem to be two reasons:

- Crypto is destroying the planet (it's not). A lot of people get irrationally mad about anything that causes any damage to the environment these days. Climate change is an incredibly important issue but the activism side of it is filled with a lot of crazy people and they've latched on to 'crypto' as bad when most don't know a thing about it.

- Jealousy. A lot of people got very lucky and very rich through crypto. They have so much ETH that can spend the equivalent of a persons expected lifetime earnings on a picture of a monkey. That's infuriating to a lot of people so much so they'll create websites that lack truth and nuance just to feel better about themselves.

It's understandable, but it's sad. Instead of HN being full of posts with people trying out new tech for the fun of it, we get endless miserable tirades from people trying to suck the joy out of life.

Re: Welcome to Web 3.0

#119

Post by kreeben »

WinstonSmith84 wrote: post #88
chmod775 wrote: post #76

Earlier quoted context omitted.

Would you have paid to write this comment? Would someone who has a monetary incentive to comment pay to do so?

Depends on the price. $10-$50 for a standard eth tx surely not. But say the equivalent of ~$0.01, probably yes. This might be enough to disincentive _some_ (a lot of?) spamming (unfortunately it's all theory as no network works like this yet)

Can poor people also participate in the web 3.0? Or is it only for people with extra cash?

Re: Welcome to Web 3.0

#120

Post by legutierr »

ohgodplsno wrote: post #77
abiro wrote: post #61

Earlier quoted context omitted.

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?

This is not a problem anyone has ever had. The entire world is running on either no coordinated mutations, or batched mutations that are spreading over time. If you're found not respecting the mutations that my Apache server has done, the only thing that happens is that you get banned or fined. Cryptobros see the world as absolutely unable of trust, when it's ran for millenia on it.

> The entire world is running on either no coordinated mutations, or batched mutations that are spreading over time.

Every financial transaction that requires settlement between institutions is a “coordinated mutation.”

And while it is true that financial transactions are often synced between institutions via a “batched mutation” approach (especially when coordinating settlement), the delay that batched settlement represents, and the complexity that it introduces to the overall system, is extremely costly.

This is one reason why blockchains have the potential to be extremely valuable—both from a utilitarian point of view as well as from a financial point of view.

Imagine if you could get rid of batched settlement between institutions, because you just didn’t need to do it anymore. What would that be worth?

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