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Jack Dorsey plans to build 'Web5' based on Bitcoin

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Re: Jack Dorsey plans to build 'Web5' based on Bitcoin

#22

Post by RichardCNormos »

I thought that one of the Hacker News commentary tenets was "Don't shit all over other peoples' work." Except if it's crypto-related? Sheesh.

Jack Dorsey is a pretty successful fellow. He sees centralization as a real problem, and is making an effort to solve it. Antagonize all you want, Jack Dorsey is doing.

Re: Jack Dorsey plans to build 'Web5' based on Bitcoin

#23

Post by andrewmcwatters »

Wouldn’t it be cool if the rich outside of real estate helped revolutionize home building and access to home ownership in the middle of an international housing crisis instead of wasting their breath on this kiddie Monopoly money nonsense.

What’s Web 3.0 or 4.0? Since dorsal fin has already claimed 5.0, I am formally staking my claim on 6.0, in which I will invent a web where only dancing food may reside. TechCrunch, please write an article about me now. Place me right next to an article about Elon’s next superfluous claims about future car features.

Re: Jack Dorsey plans to build 'Web5' based on Bitcoin

#24

Post by Synaesthesia »

If bitcoin/crypto was going to do something about centralisation, it would have by now. Bitcoin us a great idea, but it doesn't change anything about how we organise the economy, how we write contracts, the relationships between the powerful entities, and everything else. It just a really nifty financial concept.

I don't see how this is different.

Re: Jack Dorsey plans to build 'Web5' based on Bitcoin

#25

Post by dfge »

RichardCNormos wrote: post #22

I thought that one of the Hacker News commentary tenets was "Don't shit all over other peoples' work." Except if it's crypto-related? Sheesh. Jack Dorsey is a pretty successful fellow. He sees centralization as a real problem, and is making an effort to solve it. Antagonize all you want, Jack Dorsey is doing.

But what is he doing?

We already have many decentralised protocols for a wide range of use cases. It's unclear exactly what WebFive brings to the table that is both novel and practical.

Re: Jack Dorsey plans to build 'Web5' based on Bitcoin

#29

Post by rnk »

RichardCNormos wrote: post #22

I thought that one of the Hacker News commentary tenets was "Don't shit all over other peoples' work." Except if it's crypto-related? Sheesh. Jack Dorsey is a pretty successful fellow. He sees centralization as a real problem, and is making an effort to solve it. Antagonize all you want, Jack Dorsey is doing.

When there are daily ponzi schemes full of fraudsters who take people's money and run in an industry segment, it's worthy of distrust - (latest was today's story that the celsius leaders cached out $40 mil worth from celsius before they stopped other people's withdrawals, allegedly - https://news.ycombinator.com/item?id=33109070). At least once a week there is a "someone drained $100 million plus out of xyz crypto trading system". There's a significant issue where there is a combination of too much funding, too much fraud, too much hype.

Centralization can be a problem, but if someone steals my credit card number and buys things, the financial system can also help me address that.

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