Earlier quoted context omitted.
Does that happen a lot?
Does what happen a lot? People who might not know or trust each other needing to collaborate in updating and maintaining some kind of shared database? Yeah, it happens every day, everywhere, all the time. In fact, it is exactly what you and I are doing right now. In our case, though, we happen to trust Y Combinator to mediate our exchange. If our exchange were hosted on a blockchain, we wouldn't need to rely on Y Com…
Welcome to Web 3.0
271–280 of 309 posts
Re: Welcome to Web 3.0
#272Re: Welcome to Web 3.0
#273Earlier quoted context omitted.
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 a…
Yeah that's so irrational to get mad when something bad happens.
Re: Welcome to Web 3.0
#274Earlier quoted context omitted.
> 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. The word “equivalent” is doing a lot of work here; because if what you purchased was the nominal “rights” to a URL that may or may not 404 at any moment, you haven’t done anything worthy of jealousy. Also, at the risk of breaking the HN ru…
>> The word “equivalent” is doing a lot of work here; because if what you purchased was the nominal rights to a URL that may or may not 404 at any moment, you haven’t done anything worthy of jealousy. Maybe I'm not explaining it clearly enough. The jealousy isn't that you've been rich enough to buy a picture of a monkey. It's that you have so much 'money' that you can spend it on something so stupid and not even care…
Re: Welcome to Web 3.0
#275Earlier quoted context omitted.
Yeah, Arpanet was definitely a wide-area network, but the Internet Protocol was standardised in '82 and that was what created the Internet : a public network that was capable of spanning the globe. (I used the words "became publicly available" advisedly!) Aside from that, I very much agree with you. I think digital cash has great promise - I can't imagine Visa and Mastercard still being a thing in 20-30 years. Some i…
> I can't imagine Visa and Mastercard still being a thing in 20-30 years. You think the blockchain is going to give you a credit limit?
As for credit limits: first off, Visa and Mastercard are payment systems - they don’t give you credit limits. Your card has ‘Visa’ or ‘Mastercard’ written on it, but it’s your bank that lends you the money to spend via V/M. I’m not proposing that the bank be replaced - I’m proposing that the payment system be replaced. Your bank will lend you money, and you will spend it using [tbd].
(BTW, I developed the lending algorithms at a unicorn startup bank. Billions in credit was dispensed by my code [and that of my reports]. I’m intimately familiar with that ecosystem. It’s not my central point here, but I do believe there’s substantial room for modernisation in that respect at almost every point in the chain: the CRAs, the lenders, the collections agencies, etc. If you’re interested, I’d be happy to expand, but right here I don’t want to distract from my actual point above.)
Re: Welcome to Web 3.0
#276Earlier quoted context omitted.
> 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. The word “equivalent” is doing a lot of work here; because if what you purchased was the nominal “rights” to a URL that may or may not 404 at any moment, you haven’t done anything worthy of jealousy. Also, at the risk of breaking the HN ru…
>> The word “equivalent” is doing a lot of work here; because if what you purchased was the nominal rights to a URL that may or may not 404 at any moment, you haven’t done anything worthy of jealousy. Maybe I'm not explaining it clearly enough. The jealousy isn't that you've been rich enough to buy a picture of a monkey. It's that you have so much 'money' that you can spend it on something so stupid and not even care…
Re: Welcome to Web 3.0
#277Earlier quoted context omitted.
How does one discover these alternative UIs? How can average user trust that the data on these alternative UIs isn't being manipulated? How long you think it will take until big sites would routinely do small tweaks to their databases/structures to systemically break these alternative UIs? More so why would any of these for profit websites, like Youtube, even have a presence on web3?
> How does one discover these alternative UIs? Social trust networks -- they get recommended by friends or shared online by someone you trust. > How can average user trust that the data on these alternative UIs isn't being manipulated? Those same social trust networks -- someone realizes what's going on and shares it, people start telling other people to stop using it. There's no technological solution to prevent tec…
And that won't even fix things like Youtube hiding dislikes or Facebook reading your messages. Even if your TotalyFreeYoutubeWithNoAds.com delivers on what it advertises you still need to interact with Youtube's APIs and if those don't deliver out dislikes then there is nothing you can do about it apart from creating your own parallel database with dislikes, but then you can only show the ones that come from your instance of Youtube and not ones that come from actual Youtube or from FreeYoutubeNoAds.com.
I haven't yet seen a single reason why normal consumer would use web3 over web2. Why would I pay for the privilege of responding to you or for downvoting bad ideas? Only response is "magically overnight all web2 websites transfer over to web3", but you have to be really out of touch with reality if you think that will happen in the first place and if it happens actual enthusiast won't create replacements for free on web2.
Web3 is literally just another cryptobro scam like NFTs and it is sad that anyone falls for them.
Re: Welcome to Web 3.0
#278Earlier quoted context omitted.
Does that happen a lot?
Does what happen a lot? People who might not know or trust each other needing to collaborate in updating and maintaining some kind of shared database? Yeah, it happens every day, everywhere, all the time. In fact, it is exactly what you and I are doing right now. In our case, though, we happen to trust Y Combinator to mediate our exchange. If our exchange were hosted on a blockchain, we wouldn't need to rely on Y Com…
Can you provide examples where trustlessness is really necessary?
Re: Welcome to Web 3.0
#279Earlier quoted context omitted.
Can poor people also participate in the web 3.0? Or is it only for people with extra cash?
Gating using money inevitably means poor people cannot participate. It is quite simply a hard problem to solve (that I feel should not be solved this way). I've always been fond of how Korea does MMO accounts (supposedly): Government ID based, so if you get banned you are gone forever.
We already have a solution to this problem: It's the internet as it is right now.
Re: Welcome to Web 3.0
#280Earlier quoted context omitted.
Just with everything with potential revolutionary impact, it will be hated with harsh criticism. We're exactly at that period with web3: haters gonna hate and early adopters will be rewarded.
People don't just hate for the sake of hating. They see flaws and react to them... While some people just tell them not to worry about them because "they will be rewarded".
Yet I still think benefits and the potential impact (which is not theoretical, just needing a bit more mass adoption to take off) greatly outweigh the negative sides.