Anyone who has seen what happened to Multichain lately?
Ask HN: What happened to Web3 startups?
81–90 of 106 posts
Re: Ask HN: What happened to Web3 startups?
#82The joke of it is that Web3 claims to be the answer to decentralization... but in every case of Web3 there is some reliance upon a block chain. If the block chain is limited to only the client and not on any server, therefore unnecessary and worthless, it would then be not centralized. I get the impression nobody takes the time to actually parse the word decentralization . It only means not centralized, but that appl…
I have a solution to this in https://github.com/anacrolix/btlink . Addressing your specific points: > * No DNS It extends DNS by mapping naming over DHT, and content addressed data to a corner of the existing DNS system (.btlink is the working example given). > * No identity manager Yep > * No shared server. A server is fine so long as you are the only client that can access it as a server or other clients are curren…
My goal is to accomplish Zero Trust Conformance[1]. You cannot do that using web technologies in their current form unless you internalize the centralized aspects of those technologies or validate them under contract.
[1] https://learn.microsoft.com/en-us/security/zero-trust/zero-t...
That is the Microsoft definition. The US Army is forming its own definition because aside from reliance upon cloud vendors as service providers the military owns its own infrastructure and services (OSI layers 1-7). Nobody else can claim that, so the US Army can take Zero Trust to a different level than others are afforded.
My goal is to conform to the more demanding military definition for OSI layers 5, 6, and 7. The business case is two-fold: privacy as a mandate and mitigating disruption via logic redundancy. I have an application that is 98% of the way there. I only accomplished this by either internalizing some technologies and abandoning those I could not.
As for certificates that is something you can internalize. You can create your own self-signed certificate and corresponding certificate chain necessary to make your OS and browser happy. If you don't need certificates for their actual purpose, trust authority, then all you need them for is facilitating TLS traffic. I am exchanging trust for authentication via identity and key exchange.
Re: Ask HN: What happened to Web3 startups?
#83There are new ones being made every day. Web 3 is just getting started.
10 years later is absolutely not "just getting started". We built Web 1 in 5 year and web 2 in 5 years, complete, with uncountable real businesses generating actual profits and user value. Web 3 has had far more time and far more money and people invested than Web 1 and 2 combines and has yet to demonstrate any real business or user value. What a joke. What a scam.
Re: Ask HN: What happened to Web3 startups?
#84The joke of it is that Web3 claims to be the answer to decentralization... but in every case of Web3 there is some reliance upon a block chain. If the block chain is limited to only the client and not on any server, therefore unnecessary and worthless, it would then be not centralized. I get the impression nobody takes the time to actually parse the word decentralization . It only means not centralized, but that appl…
> * No DNS DHT with either bootstrapping or literally just rip through every single IPv4 addr and see if it's a peer lol. > * No identity manager How do you know what your friends' phone numbers or emails are? Ask them. No centralized DB needed. > * No shared server. A server is fine so long as you are the only client that can access it as a server or other clients are currently known and prior authenticated (a peer)…
> It's really not that hard to run a node, and could be packaged into common usage easily.
In my experience, it's not hard to run a node, but it can be hard to get it to sync with the Ethereum network, especially using older hardware. You need a lot of fast SSD disk space, and the blockchain keeps growing.
Also, nowadays you probably also want Polygon and maybe some other L2 nodes, since Ethereum's scaling strategy is based on layer 2 networks. And they need even more disk space..
Re: Ask HN: What happened to Web3 startups?
#85Some of these scamsters have moved to Web5 https://www.tbd.website/blog/tbd-web5-tech-preview
Re: Ask HN: What happened to Web3 startups?
#86See Molly White's "Web 3 is Going Just Great"[1] She keeps a tally of all the scams. The total is now over $67 billion. [1] https://web3isgoinggreat.com/
Nearly all of these are blockchain/NFT stuff and not decentralised internet infrastructure. There's probably more money stolen from physical highway construction than Web3 infra.
Re: Ask HN: What happened to Web3 startups?
#87Based on my LinkedIn inbox… plenty of them still around & still hiring. They just seem to be less about what was original called “web3” and more about applying crypto to… stuff.
Web3 makes more sense than cryptocurrency IMO. Instead of applying all the computing power to printing and gatekeeping imaginary money, why not apply it to well, computing? Web hosting and running calculations is something of actual tangible value.
Re: Ask HN: What happened to Web3 startups?
#88still bullish on crypto, space seems dead but serious folks are still building
Re: Ask HN: What happened to Web3 startups?
#89The joke of it is that Web3 claims to be the answer to decentralization... but in every case of Web3 there is some reliance upon a block chain. If the block chain is limited to only the client and not on any server, therefore unnecessary and worthless, it would then be not centralized. I get the impression nobody takes the time to actually parse the word decentralization . It only means not centralized, but that appl…
* No bits
* No wires
* Direct brain synchronisation only
Re: Ask HN: What happened to Web3 startups?
#90I’d say that 95% or more is just scam. People like Sam Bankman Fried. They are all gone or dying now more or less. The strong and real businesses with profits and sustainable revenue models are still up and running. There are quite a few examples. Specifically in web3 (within the blockchain and crypto sphere): https://www.coinbase.com/web3/dapps/swappin-gifts is a real world utility web3 dapp. Maybe the first and onl…
Swappin.gifts is a dApp that allows users to purchase from a selection of thousands of different gift cards using thousands of different crypto currencies over several blockchains. Built on web3, swappin.gifts acts as a new and transformative off-ramp solution.
So it's a website that exchanges crypto tokens to overpriced gift cards. Why does this need web3? This could be 3 PHP files on a VPS.