Looks like they changed the on-page title sometime today: http://web.archive.org/web/20220000000000*/https://g147.medi...
Web3 – An Arrogant and Treacherous Successor Doomed to Fail
21–30 of 267 posts
Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail
#22The irony of this post criticizing DeFi and blockchain in the wake of FTX is that those decentralized applications are working just fine in this downturn. Aave and Uniswap aren’t failing, they are thriving.
I got my eyes on AAVE.
https://twitter.com/ArkhamIntel/status/1595041038824923136
Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail
#23Almost stopped reading after web 1.0 was explained as “readonly”. Eventually got to this:
> People who think a single-sign on is somehow a good thing.
I would love to see this expanded on… I stopped reading after that.
Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail
#24Looks like they changed the on-page title sometime today: http://web.archive.org/web/20220000000000*/https://g147.medi...
i just changed it.
Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail
#25Web3 is irrelevant. Actual Web 3.0 isn't anything blockchain based. Web 3.0 is the total corporate take-over of the entire web by Google/MS/Apple requiring CA based TLS in the HTTP/3 (QUIC) implementations in their browsers.
"Actual Web 3.0 isn't anything blockchain based."
Obviously.
There are also DAGs (IPFS), hashgraphs (Hedera, IOTA), blockweaves (Arweave), and probabl many more alternatives to blockchains to power DApps.
Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail
#26>Web 1.0, a collection of static webpages... Search Engines, Online Communities, Streaming Services were the first few among many
Streaming services were literally among the last websites to come to ride the tail of the the web 2.0 craze. Online communities were the poster children for web 2.0, and search engines arguably relied on the same technologies as web 2.0.
Why is it that every person that writes about web3 totally fails to understand the actual technical distinction or history of the "transition" between web 1.0 and web 2.0?
Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail
#27Eccentric capitalisation put me off. Also, among the protocols the internet depends on, "the Web" isn't one of them.
Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail
#28Dang, this sucks.
Not the post, I respect & understand the opinion. It sucks that the initiative of creating a deflationary currency started this massive wave of people thinking that they're smarter than whoever invented Bitcoin in the first place. Everybody bought in to the hype but nobody wants to invest the time into understanding how the actual technology works.
"In fact the entire Blockchain arena is filled with either delusional or degenerate people who are inexperienced &, in no way, better than their predecessors."
FTX was a fractional-reserve bank built on buying and selling a resource designed to replace fractional-reserve banks. It's no surprise that this is how it turned out.
This whole 'decentralized wealth' thing isn't THAT difficult - get a good wallet, purchase some BTC from a friend or exchange, and transfer it into that wallet. Rinse, repeat. Don't keep your money on an exchange. Don't throw your money at pump-and-dump schemes. Don't measure your gains and losses based on what the stock market tells you, capitalism is in its late stages and government bailouts won't keep it floating forever.
Sidenote - nobody has really defined what web3 is or isn't yet, maybe Tim BL has a definition you'd like more: https://solidproject.org/take3
Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail
#29I seriously do not see and never saw how "Web 3.0" is a follow up from web 1 and 2. The whole thing was a hijack by ponzi schemers or just another way to get someone to get their life savings into some crypto nonsense.
Paraphrasing this week's TWiT:
Web 1.0 and 2.0 were created by engineers to solve problems. Web 3/3.0 was invented by finance bros to disguise their various scams as the next technology revolution.
Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail
#30Almost stopped reading after web 1.0 was explained as “readonly”. Eventually got to this: > People who think a single-sign on is somehow a good thing. I would love to see this expanded on… I stopped reading after that.
I wanted to keep it all as short as I could. Maybe adding more hyperlinks will help.
https://sis.binus.ac.id/2022/07/21/the-differences-between-w...