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Web3 is centralized and inefficient

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Re: Web3 is centralized and inefficient

#141
post #97

People use centralized systems because they actually like the convenience that comes with it. And with that, comes the decentralized system changing in such a way that it changes to almost NEEDING centralization. The problem is that engineers and cybersecurity people all think that everyone else thinks like they do, when in actuality the complete opposite is true. The biggest example is the internet itself - the inte…

This is a false dichotomy.

Most people don't want to run their own mail servers. That isn't the same thing as saying we need a single entity to be in charge of email. There are thousands of independent email providers. Your emails get marked as spam if you have two users, not if you have two thousand. And small providers getting marked as spam isn't because it's necessary to prevent spam, it's because large providers would rather kill them on purpose and force more people to use them. Which we could fix it if we wanted to.

Everything could work this way, and should. You don't run your own social network instance, but you can, and thousands of independent entities do, and you can take your pick of them and move between them.

And we can learn lessons from the past. Major one from email: Addresses should be portable, or at least have zero-cost permanent forwarding built into the protocol.

Re: Web3 is centralized and inefficient

#142
post #103
post #97

People use centralized systems because they actually like the convenience that comes with it. And with that, comes the decentralized system changing in such a way that it changes to almost NEEDING centralization. The problem is that engineers and cybersecurity people all think that everyone else thinks like they do, when in actuality the complete opposite is true. The biggest example is the internet itself - the inte…

This. The sad thing is that people like the convenience of centralized systems. Humans are lazy. They'll go with the #1 option, even if it means building a centralized monopoly. I should've made this point clearer. Note: I am the article's author.

I think people have some big misunderstandings about power. You’re right, centralized systems can lead to monopolies. On the other hand, decentralized systems where no one has absolute power can make important changes difficult to implement. See: changes to Bitcoin and Ethereum’s protocols to address issues with mining.

Re: Web3 is centralized and inefficient

#143

Earlier quoted context omitted.

But I don't care about that the impractical enthusiast stuff, I care about the bloggers that make these flippant dismissals instead of talking about the impractical things that are possible. I simultaneously observe that the impractical things can be made more practical . For example, Metamask with a non-default RPC node is great compared to using crypto before Metamask. Phantom wallet on Solana is even further impro…

This sort of argument reminds me of the old doctrinaire Marxists, who insisted communism could work if only it could be done without authoritarianism. Turns out Web3, in theory, sounds fine, but the implementations and uses of it all fall back to centralised networks and nefarious purposes. I think it's time to recognise Web3 for what it is: a massive con fronted by people who sell a fantasy of open, decentralised co…

Okay.

The disconnect here is what you think that I think web3 to be.

I recognize the decentralized capabilities and find it marginally interesting and optional when convenient.

I don't think it is a sales pitch. And therefore I dont think the whole concept is a con. I empathize with people that come to the space and products within the space for an inaccurate sales pitch.

I like the platforms. I would be fine with an optional EVM that was not censorship resistant, where I could deploy my existing products on simply because the code was compatible. I want the other censorship resistant ones to exist too. You are assuming I care about the sales pitch and am trying to sell that fantasy. I think people should be aware of how to use that part of the technology.

Re: Web3 is centralized and inefficient

#144
post #97

People use centralized systems because they actually like the convenience that comes with it. And with that, comes the decentralized system changing in such a way that it changes to almost NEEDING centralization. The problem is that engineers and cybersecurity people all think that everyone else thinks like they do, when in actuality the complete opposite is true. The biggest example is the internet itself - the inte…

The problems you’re describing are problems of the internet, not decentralization. Few could’ve predicted what the initial rules of the internet would generate after a few decades. We can learn from the outcome and come up with new rules. The point about how “people want centralized systems” reminds me of the initial response to Apple’s privacy strategy. At the time, it was met with skepticism, to say the least. Priv…

The initial "rules" of the internet did not come from any legislation. They were not forced into existence, because the internet is a decentralized system. It's rational people finding out that trusted systems actually do work for most cases, and they work SIGNIFICANTLY better and with less problems than decentralized systems. So eventually, everyone used centralized systems because that was the rational thing to do, and it reached a critical mass where you assume anyone who is not part of the establish trusted system is malicious (which is true, 99% of the time).

>surveillance scandals, security incidents, and technological innovations have turned data retention into more of a liability than an asset

LOL! I actually cannot believe that you seriously think this. Yes, Apple is very big on privacy. It is not the reason that people buy Apple products outside of a very small portion of users. And data retention, collection, tracking, etc. is such a gigantic business and is so central to the very function of tech giants that you are actually completely deluded if you think that "data collection is a liability". Almost nobody cares about their data. They are happy to give it up for free in exchange for being able to use websites and services. And why wouldn't they? I don't care how much you think that you are private, how much you think you've bested the giant tech companies with entire teams of the smartest engineers on the planet figuring out how to optimally harvest more data, how much you think you've been able to seclude yourself from the 99% of rational people. You have lost. You have no privacy, period. Privacy as a concept has been dead for years, so the only people who even value it anymore are people like you who think they can somehow best this system.

Re: Web3 is centralized and inefficient

#145
post #55

Earlier quoted context omitted.

What's more decentralized than being able to fork an open source blockchain solely on the basis of majority consensus? The hullabaloo over the DAO fork arises because decentralization is conflated with fairness. Was the fork fair? Maybe, maybe not. It's irrelevant to the question of whether Ethereum is decentralized. Ethereum prevailed over Ethereum Classic precisely because the majority of users switched to the fork…

The whole idea of the blockchain is to prevent the double spending problem. You realize that hacker sends funds to his own wallet -> ETH Foundation decides to roll back and contacts their miner bros, who had ZERO problems performing a 51% attack -> ETH Foundation can send the same funds again is essentially a double spend? And that the network is centralized and tightly controlled by $CEO_OF_BLOCKCHAIN_ENTITY? Also,…

The DAO fork only directly rolled back that single transaction, right?

Re: Web3 is centralized and inefficient

#146
post #31

Agree 100%. Web3 is useless. The whole web3 thing is an extension to get more people and more real money to get into the crypto ecosystem and provide liquidity to the early adopters and insiders. I haven't found one legitimate use case for blockchain. The only thing it is useful for it speculative gambling. I wrote about it some time ago and and shared here on HN https://yash.info/blog/what-is-web3/

There are some use cases for blockhains, namely cryptocurrencies and their unregulated nature. There have been plenty of times that I didn't want to hand over my name and address for an online purchase, but the traditional payment systems aren't set up for privacy.

Payment providers also discriminate against certain aspects of society, such as sex work. The fees an adult content provider needs to pay are astronomical if they can even get a contract with any payment provider at all. Furthermore, the USA has a severe problem that stems from companies like Equifax deciding what you can and cannot afford with no way to protest their decisions.

I suppose the only useful use case for blockchain is close to money laundering, but there are definitely legitimate use cases for it. It's the closest thing we have to cash in the online world.

While I'm all for regulating shitcoins and the gambling ("speculation") that accompanies them, it's an alternative that will need to exist as long as the normal payment system continues to force their own arbitrary, corrupt ideologies on everyone.

Re: Web3 is centralized and inefficient

#147
post #97

People use centralized systems because they actually like the convenience that comes with it. And with that, comes the decentralized system changing in such a way that it changes to almost NEEDING centralization. The problem is that engineers and cybersecurity people all think that everyone else thinks like they do, when in actuality the complete opposite is true. The biggest example is the internet itself - the inte…

The problems you’re describing are problems of the internet, not decentralization. Few could’ve predicted what the initial rules of the internet would generate after a few decades. We can learn from the outcome and come up with new rules. The point about how “people want centralized systems” reminds me of the initial response to Apple’s privacy strategy. At the time, it was met with skepticism, to say the least. Priv…

Apple suggested that people would care about privacy, and there was skepticism. Of course, privacy had been the status quo in an earlier era of the internet, and the lack of privacy didn't enable much in terms of novel user experience (turns out all the crap about "people would rather have personalized ads" was crap).

Now a crowd of people are suggesting something very different: that people wouldn't care about giving up the conveniences of today's centralized systems. But we do have experience with a less centralized web, and it wasn't a lack of "web3" tech that resulted in the centralized systems gaining their current position. It was open competition with the less-centralized old status quo. The centralized systems that won are very different than the older centralized systems that had lost - AOL tried to force everything inside of its wall; Facebook and Twitter merely extend their reach so that they can touch everything, and won out as aggregators vs doing in-house content production.

So why would the desire to have such convenient, one-stop-shop, minimal-setup centralized aggregator services go away?

Re: Web3 is centralized and inefficient

#148

> A lot of Web3 platforms are in fact centralized. Your wallet (MetaMask), marketplaces (OpenSea), APIs (Alchemy) are all central platforms. Sure, they use a distributed database (blockchain), but before that it’s still a Go app on AWS, meaning its centralized. > Your wallet (MetaMask) Run your own node. This is lazy reporting to reach the end point about fawning over FreeBSD (its in the article, literally an article…

> literally an article about having fun staying poor And here it is. When the technical merits of “web3” fail to illicit genuine change (networks effects are powerful and matter [0]), its advocates fall back on the “get in or stay out” mentality, which is frankly a red flag for a supposedly technical project. > could just as easily be steered into "how to improve the concept of Web3" If web3 cannot sustain itself due…

> And here it is. When the technical merits of “web3” fail to illicit genuine change (networks effects are powerful and matter [0]), its advocates fall back on the “get in or stay out” mentality, which is frankly a red flag for a supposedly technical project.

Interesting thing to focus on over and over, OPs article had the non sequiturs about having fun not getting rich. The irony being that it’s a meme in crypto and they chose to be a caricature of that meme, personified. I feel like you didn't read the article. What you responded to is for people that read the article.

Opensea is 2 products. One is a storefront for technophobes to try and configure their art on the opensea platform before turning it into an NFT. The other is an NFT reader for NFTs made by people that know what theyre doing. Only the latter is relevant because thats the whole NFT economy, but the former is the thing more people try their hand at so I can see how that is distracting to conversation. The latter NFTs cannot be taken down by OpenSea they can be hidden from their GUI. They would not be hidden by your GUI.

Re: Web3 is centralized and inefficient

#149
post #103
post #97

People use centralized systems because they actually like the convenience that comes with it. And with that, comes the decentralized system changing in such a way that it changes to almost NEEDING centralization. The problem is that engineers and cybersecurity people all think that everyone else thinks like they do, when in actuality the complete opposite is true. The biggest example is the internet itself - the inte…

This. The sad thing is that people like the convenience of centralized systems. Humans are lazy. They'll go with the #1 option, even if it means building a centralized monopoly. I should've made this point clearer. Note: I am the article's author.

Why is this sad? We live in a world of Ikea furniture and cabinetry, of fast food and passionate gourmet, there's room in the world for the convenient and the passionate tinkerers. Everyone is different and likes to allocate their time in different places. My partner will not put a sticker on her laptop that she hasn't designed and drawn herself, while I type on a handmade desk. That there are easy and hard ways to do things is fantastic; it means I can pick the lazy choice for things I don't care for and the passionate things for those I do. Do you really want a world where everyone cares about the same things you do? I feel the world is better for its diversity.

Re: Web3 is centralized and inefficient

#150
post #31

Agree 100%. Web3 is useless. The whole web3 thing is an extension to get more people and more real money to get into the crypto ecosystem and provide liquidity to the early adopters and insiders. I haven't found one legitimate use case for blockchain. The only thing it is useful for it speculative gambling. I wrote about it some time ago and and shared here on HN https://yash.info/blog/what-is-web3/

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