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

Web3 – An Arrogant and Treacherous Successor Doomed to Fail

g147.medium.com

Post reply on HN
Print view View original

81–90 of 267 posts

Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail

#81

Post by linuxdude314 »

Renaud wrote: post #46
angry_moose wrote: post #29

Earlier quoted context omitted.

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.

>Web 3/3.0 was invented by finance bros Web3, not Web 3.0, not the same thing at all, the latter is the next incarnation of Tim Berners-Lee's vision for the web and has nothing to do with finance and crypto bros. It's important to make the distinction because 3.0 is actually important.

Not very many people make this distinction… As far as optics and media perception (which is unfortunately what matters for the cultural zeitgeist) most understand Web3 to be the next generation incarnation of the web.

Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail

#82

Post by halpmeh »

k__ wrote: post #54
lxe wrote: post #48

In order to understand Web3 culture, look into Professional Wrestling ( https://en.wikipedia.org/wiki/Kayfabe ). Web3 is fake/staged, but everyone participating in Web3 either knows this, doesn't know this, or pretends not to know this.

Web3 isn't one centralized entity that's either fake or true. It's a bunch of bullshit, mixed with many slick ideas. I believe in web3, but I also believe that art NFTs and crypto bros running grifter companies like MtGOX and FTX give it a bad rap. Luckily, the ecosystem is now big enough that you can avoid that crap pretty easily.

I don’t think you can avoid it that easily. First there’s the question of identifying grift. But more broadly the price of crypto is influenced by the grifters and their operations.

Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail

#83

Post by k__ »

pavlov wrote: post #61
k__ wrote: post #45

Earlier quoted context omitted.

Web3 based apps where a company like Facebook or Instagram can't delete your content just because it might contain a nipple.

It’s amazing how this description is entirely unrelated to the reality of the so-called web3. Not just “we’re still working out some of the details,” but literally none of it exists. It’s like you’re promised a grand night at the opera and the bus takes you to a roach-infested casino. “Music? We don’t need it, the slot machines make enough sound. Now are you going to buy some tokens?”

ArDrive, Lens Protocol, Huddle01, Radicle, Farcaster... it's all out there.

Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail

#84

Post by elevenoh »

lxe wrote: post #48

In order to understand Web3 culture, look into Professional Wrestling ( https://en.wikipedia.org/wiki/Kayfabe ). Web3 is fake/staged, but everyone participating in Web3 either knows this, doesn't know this, or pretends not to know this.

No post body was provided.

Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail

#85

Post by Dzugaru »

this_user wrote: post #50
k__ wrote: post #40

Earlier quoted context omitted.

I think, you should look into Filecoin and Arweave. Your assumptions seem to be based on the (rather specific) use-case of art NFTs. They got quite some hype, but to be honest, I didn't get them either.

Why exactly would you trust random strangers with your critical data rather than use S3?

There is one reason is that the protocol of storage is open. Doesn't mean the thing can't die obviously, but there is some hope that someone will continue to store the data - there is some incentive (crypto value, however low or unstable that can be) to do that.

Also, nothing stops you from storing the critical data in S3 too. I wouldn't bet what will last longer as a permanent storage.

Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail

#86

Post by k__ »

Kiro wrote: post #78
smoldesu wrote: post #68

Earlier quoted context omitted.

IPFS isn't Web3

It's in the Web3 picture in the article.

I met many Protocol Labs people on crypto conferences and they pretty much see themselves as one of the core web3 technologies.

Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail

#87

Post by hailwren »

pavlov wrote: post #61
k__ wrote: post #45

Earlier quoted context omitted.

Web3 based apps where a company like Facebook or Instagram can't delete your content just because it might contain a nipple.

It’s amazing how this description is entirely unrelated to the reality of the so-called web3. Not just “we’re still working out some of the details,” but literally none of it exists. It’s like you’re promised a grand night at the opera and the bus takes you to a roach-infested casino. “Music? We don’t need it, the slot machines make enough sound. Now are you going to buy some tokens?”

This seems like rhetoric. Have you tried looking?

Counterexamples: lens.xyz, farcaster.xyz, urbit.org

Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail

#88

Post by PragmaticPulp »

k__ wrote: post #54
lxe wrote: post #48

In order to understand Web3 culture, look into Professional Wrestling ( https://en.wikipedia.org/wiki/Kayfabe ). Web3 is fake/staged, but everyone participating in Web3 either knows this, doesn't know this, or pretends not to know this.

Web3 isn't one centralized entity that's either fake or true. It's a bunch of bullshit, mixed with many slick ideas. I believe in web3, but I also believe that art NFTs and crypto bros running grifter companies like MtGOX and FTX give it a bad rap. Luckily, the ecosystem is now big enough that you can avoid that crap pretty easily.

> Web3 isn't one centralized entity that's either fake or true.

It’s not centralized, but the players are incredibly good at moving in lock step together.

This is most obvious on Twitter, where one of the loudest crypto/web3 cheerleaders will introduce a new idea and within hours all of the other loudest crypto/web3 accounts are Tweeting some variation of the same thing.

The whole industry isn’t centrally coordinated, but they’re all reading the room and playing whatever game seems to be getting traction on a given week.

Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail

#89

Post by spaceman_2020 »

g147 wrote: post #22
web3isgoing wrote: post #14

The 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

That's the protocol working exactly as it's designed. Everything was transparently visible. Anyone could see where the funds were at any given point, what the liquidation price was, and what the total liabilities were.

If you ride a fast motorcycle and fall off because you were speeding, it's not really the fault of the motorcycle, is it?

Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail

#90

Post by yieldcrv »

short_sells_poo wrote: post #31
yieldcrv wrote: post #12

there is a subset of web3 that is a pretty unique evolution of web 2.0 which is great for developers and product marketing specifically it comes to the stack web 3 application: free static frontend website, 3 variables in a smart contract deployed for 50 cents, a funnel consisting of a single call to action which is a payment, where the profit is immediately fungible and not blocked anywhere this is applying web 2.0…

You raise some good points but I deeply disagree about payments being immediately released. So if I make a mistake in my purchase and want a refund but the seller is nonresponsive I'm just out of luck? There's a reason why payment processing is complex and IMO to a large degree it is because it's more than just moving some numbers in a database.

what you spelled out sounds like the opposite of disagreement, at least regarding the accuracy of the statements, you just don't like a theoretical merchant to consumer relationship, which has nothing to do with a web3 stack or service.

My thoughts are that accepting crypto for payments for a SaaS product or tangible good sold online has nothing to do with Web3.

To expand on that, a merchant that chooses not to use a payment processor that provides recourse also has nothing to do with whether they let you pay in crypto, and also nothing to do with web3, as there are payment processors that accept crypto and provide the consumer recourse.

so don't use those services? you also might find what I consider to be web3 pretty interesting

there’s usually a smart contract involved and a website that is just a GUI to interact with that smart contract in a way that makes it nearly impossible to make mistakes, with the service you want access to delivered immediately. Much more like an internet vending machine than anything else. (comes with its own problems though, phishing, backdoors, things to verify)

Post reply on HN