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Are we wrong about Web3?

terminusdb.com

21–30 of 75 posts

Re: Are we wrong about Web3?

#21

I like how the author repeatedly pointed out how much HN hates web3, and the postings herein reinforce that with hilarious intensity. I mean, hey, guys, I think everybody knows you hate web3. But thanks for the reminder anyhow. ps For the record I also hate web3 pss Feel free to remind me you hate web3 too

No post body was provided.

Re: Are we wrong about Web3?

#22

I like how the author repeatedly pointed out how much HN hates web3, and the postings herein reinforce that with hilarious intensity. I mean, hey, guys, I think everybody knows you hate web3. But thanks for the reminder anyhow. ps For the record I also hate web3 pss Feel free to remind me you hate web3 too

Posting about Web3 on HN is like driving around with a tank with a ‘Z’ painted on it in Ukraine.

Re: Are we wrong about Web3?

#23
post #14

web3 definitely could be as successful as git if you remove the payments side of it. Without payments web3 starts to look like an interesting and useful idea. Ownership of content, federation between platforms, trustless publishing, etc are concepts the web lacks, and that could definitely be interesting to layer on top of the web. Adding payments into the mix kills it like every other microtransaction protocol thoug…

The payments are fundamental to it. Ted Nelson described the Xanadu system in the 1970s which anticipated the web, he recognized a need for creators to get paid and planned to have a micropayments system built in. Practically the web got advertising instead and then the patron and subscription models but somebody could make the case we need something better. Web3 has the particular horror that simple calculations tha…

The horrible reality is that even if the web had effective and popular micropayments infrastructure it would have micropayments and adverts on top.

Just look at how advertising is creeping into premium streaming services.

Re: Are we wrong about Web3?

#24

I like how the author repeatedly pointed out how much HN hates web3, and the postings herein reinforce that with hilarious intensity. I mean, hey, guys, I think everybody knows you hate web3. But thanks for the reminder anyhow. ps For the record I also hate web3 pss Feel free to remind me you hate web3 too

For what it’s worth even people on /r/soccer hate all this web3/crypto thing, I didn’t expect this discussion to show up in there.

Re: Are we wrong about Web3?

#25
Web3 is a Pyramid scheme for people who get hyped from just hearing the word 'blockchain' but who don't have any technical understanding of how one computer actually communicates to another computer.

Web3 scammers insert meaningless hand-wavy-techno-babble homophone phrases like 'Layer 1', 'off-chain', and 'decentralized' to hook FOMO VC into buying into vaporware.

Web3 is literally not a real thing. If you want real talk about empowering the users to own the network infrastructure then you better be talking about publicly owned ISPs and data centers; not about bullshit 'smart contract' VMs deployed into the proprietary Cloud environment of one Global monopoly or Another.

Re: Are we wrong about Web3?

#26
There may be a place for some of the ideas lumped in under the term "Web3". But the term, as currently defined, is heavily associated with cryptocurrency and blockchains. Which are mostly associated with scams in the minds of people who are aware of them, but did not buy in early enough to have a ton of formerly-worthless cryptocoins become worth absurd amounts of money.

If you want to try and redefine this term to not be about cryptocurrency and blockchains, then good luck with that. Realistically I think it would be better to try and make a coordinated push to make some other term a thing, because right now the instant response to "web3" among the non-believers is, at best, an eyeroll, a sigh, and closing the tab.

I mean, the current top story on HN while this is on the front page? "$625M worth of ETH drained on Axie Infinity's Ronin Network". That's Web3. Right there.

Re: Are we wrong about Web3?

#27
post #23

Earlier quoted context omitted.

The payments are fundamental to it. Ted Nelson described the Xanadu system in the 1970s which anticipated the web, he recognized a need for creators to get paid and planned to have a micropayments system built in. Practically the web got advertising instead and then the patron and subscription models but somebody could make the case we need something better. Web3 has the particular horror that simple calculations tha…

The horrible reality is that even if the web had effective and popular micropayments infrastructure it would have micropayments and adverts on top . Just look at how advertising is creeping into premium streaming services.

Or the fact that (nearly) every premium TV channel still has ads, when the original point of paying for cable was no ads.

Re: Are we wrong about Web3?

#28
post #24

I like how the author repeatedly pointed out how much HN hates web3, and the postings herein reinforce that with hilarious intensity. I mean, hey, guys, I think everybody knows you hate web3. But thanks for the reminder anyhow. ps For the record I also hate web3 pss Feel free to remind me you hate web3 too

For what it’s worth even people on /r/soccer hate all this web3/crypto thing, I didn’t expect this discussion to show up in there.

That's because football clubs and players are clambering on the Crypto/NFT bandwagon as a way to fleece supporters of more money. Things like crypto for having your say and voting on club matters. This is ultimately an example of the crux of the argument in the article - the grifters are diverting the possibility of any real constructive discussion so that all that is left is pretty crass comments like comparing HN and Ukraine. Unless that was Boris Johnson who left that comment, then it's standard behaviour.

Re: Are we wrong about Web3?

#30
post #11

This is a very oddly formatted post coming from a company. It's pretty hard to read or follow, with lots of memes and screenshots interspersed. I'm not exactly sure what they're saying at all.

It isn't really saying anything - just trying to give a look at an ongoing internal dialogue about web3, which i suspect is pretty widespread. Devs often don't like permissionless blockchain and crypto, but do like decentralization and moving away from giant beasts like Apple, Google, Facebook. The Socratic method of back and forth points can help to stimulate critical thinking. Thou maybe that has failed in this cas…

Marketing communications on a blog need to be better planned than this.

I'm a bit of an expert in the graph and document space and sometimes I have been in a position to recommend or specify a product. I see it as a very crowded space, terminusdb is going to have to work to convince me that it's worth my time to really understand their offering, never mind that I should put my reputation on the line by advocating for it.

The blog is a place where a company like that can demonstrate that it is going to do the right thing for customers, employees, vendors, investors and other interested parties. As it is I'd be a little embarrassed if I was recommending their product to a client and had to make excuses for them and tell clients "really there is a good team behind it, ignore that blog positing, it is just a fluke..."

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