Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Web 3.0 – The Great Con

davegebler.com

Post reply on HN
Print view View original

61–70 of 225 posts

Re: Web 3.0 – The Great Con

#61

Post by jaimex2 »

Gigachad wrote: post #35
jaimex2 wrote: post #26

Earlier quoted context omitted.

Not just that, companies like Blizzard save millions in server costs.

Do they still use torrents though? I was under the impression that virtually all companies using torrents had discontinued it as disruption to users internet quality and possibly data usage caps meant it was easier to just pay the cost of distribution.

Possibly, it's been a while since I've used it.

Companies make weird decisions all the time, like MS killing Skype's p2p system which destroyed the whole app. Quoting mobile as the reason when there was no reason the PC/Mac clients couldn't continue on.

Re: Web 3.0 – The Great Con

#62

Post by esprehn »

welshwelsh wrote: post #49

> They are functionally useless as currencies outside the realms of criminal activity I think this kind of misses the point. Cryptocurrency has already accomplished incredible things. For example, it's never been easier to buy LSD. DAOs make it simple to work remotely without needing to reside in a specific location. All the benefits of crypto come from their ability to circumvent regulations. It lets people do busin…

I think you're saying the same thing. The things you list are "criminal activities" because they "circumvent regulations".

Re: Web 3.0 – The Great Con

#63

Post by CreepGin »

Gigachad wrote: post #35
jaimex2 wrote: post #26

Earlier quoted context omitted.

Not just that, companies like Blizzard save millions in server costs.

Do they still use torrents though? I was under the impression that virtually all companies using torrents had discontinued it as disruption to users internet quality and possibly data usage caps meant it was easier to just pay the cost of distribution.

Nope they don't. It's based on http and CDNs now.

https://github.com/HearthSim/keg#what-is-ngdp

Re: Web 3.0 – The Great Con

#65

Post by djbusby »

threeseed wrote: post #53
rippercushions wrote: post #21

Earlier quoted context omitted.

Torrents are still going strong and quite useful if you need (say) a movie or TV show that's legally unobtainable in your country.

But I remember back in the Napster days when P2P was going to revolutionise the world and forever alter the media landscape. And yet despite all the technology having been built and stable the trend in media has been overwhelmingly towards centralisation e.g. Spotify, Netflix and an all you can eat model. It's because ultimately users care about the experience above all else.

That, and some of these things got sued into oblivion.

Re: Web 3.0 – The Great Con

#66

Post by bo1024 »

This doesn't seem to cover any new ground or engage with anything interesting outside of finance. Is the author telling all of these researchers (Stanford, MIT, Columbia, etc) that there is nothing interesting or new in blockchain?

https://adacrunch.medium.com/cryptocurrency-and-blockchain-r...

Disclaimer: I have a small grant from the Ethereum Foundation to research methods of voting and governance/decisionmaking in groups.

Re: Web 3.0 – The Great Con

#67

Post by qeternity »

chrismarlow9 wrote: post #50

You might be entirely correct but my experience tells me that being logically right and the way the world works are two different things. Under a few of these points credit cards should not exist, yet here we are with our overlords.

> Under a few of these points credit cards should not exist, yet here we are with our overlords.

Such as? Credit cards provide huge UX improvements most notably convenience and security. I don't have to carry around lots of cash, and if I have an issue with a transaction, the payment processor can arbitrate the dispute.

Re: Web 3.0 – The Great Con

#68

Post by olah_1 »

Anecdotally, the only “Web 3” that has improved my life is Monero.

It’s the best way I’ve found to send money to strangers on the internet. I’ve opened unofficial bounties and paid open source developers to implement them, as one example.

It really “just works” in a way where other crypto currency doesn’t.

I still support many other projects in this space, but Monero was the only one I felt comfortable actually using.

Re: Web 3.0 – The Great Con

#69

Post by carrja99 »

welshwelsh wrote: post #49

> They are functionally useless as currencies outside the realms of criminal activity I think this kind of misses the point. Cryptocurrency has already accomplished incredible things. For example, it's never been easier to buy LSD. DAOs make it simple to work remotely without needing to reside in a specific location. All the benefits of crypto come from their ability to circumvent regulations. It lets people do busin…

> DAOs make it simple to work remotely without needing to reside in a specific location.

This doesn’t make sense to me. I’ve managed globally distributed remote teams for the better part of a decade and haven’t had any issues.

Re: Web 3.0 – The Great Con

#70

Post by ajross »

juunpp wrote: post #9
earthboundkid wrote: post #3

"Great" is hyperbole. The con was always obvious. A "great" con would be something that suckered people who aren't greedy or shortsighted.

Like a 401k?

In practice, 401k's have turned out to be significantly less risky for the employee than the pension plans they replaced. I suspect your argument would be better targetted if it was framed around how large social security and other safety net programs should be.

But if you do allow that personal retirement savings should be encouraged and subsidized, the existing 401k program is turning out to be nearly optimal.

Post reply on HN