Web3? I have my DAOts

#1

Post by jaypinho » Mon, Dec 06, 2021, 9:35 PM UTC

Web3? I have my DAOts
networked.substack.com

Re: Web3? I have my DAOts

#2

Post by jaypinho » Mon, Dec 06, 2021, 9:35 PM UTC

Spent weeks investigating the mania around web3 and regret to say it does not live up to the hype.

Re: Web3? I have my DAOts

#3

Post by theplumber » Mon, Dec 06, 2021, 10:14 PM UTC

jaypinho wrote: post #2

Spent weeks investigating the mania around web3 and regret to say it does not live up to the hype.

I think it depends much of expectations. It actually exceeded my expectations. I recently built a small and useless program in solidity and deployed it within few hours. It's definitely better than what we had available years ago (i.e. on bitcoin platform) and I see a future for it. I think it has chances to survive in this age of censorship and surveillance.

Something that really surprised me was the signing/metamask integration(a kind of webauthn). I would definitely use that to login into various websites instead of the invasive facebook/google login plugins we see all over the web. There is even something akin to oauth2 but without the requirement to have "developer keys".

Re: Web3? I have my DAOts

#4

Post by justicezyx » Mon, Dec 06, 2021, 10:22 PM UTC

theplumber wrote: post #3

jaypinho wrote: post #2

Spent weeks investigating the mania around web3 and regret to say it does not live up to the hype.

I think it depends much of expectations. It actually exceeded my expectations. I recently built a small and useless program in solidity and deployed it within few hours. It's definitely better than what we had available years ago (i.e. on bitcoin platform) and I see a future for it. I think it has chances to survive in this age of censorship and surveillance. Something that really surprised me was the signing/metamas…

Don't you need to pay someone to deploy the program?

Re: Web3? I have my DAOts

#5

Post by serverholic » Mon, Dec 06, 2021, 10:23 PM UTC

theplumber wrote: post #3

jaypinho wrote: post #2

Spent weeks investigating the mania around web3 and regret to say it does not live up to the hype.

I think it depends much of expectations. It actually exceeded my expectations. I recently built a small and useless program in solidity and deployed it within few hours. It's definitely better than what we had available years ago (i.e. on bitcoin platform) and I see a future for it. I think it has chances to survive in this age of censorship and surveillance. Something that really surprised me was the signing/metamas…

"Sign-In with Ethereum" will be huge. I purposefully avoid "Sign-in with Google" because putting too much power in a centralized authority terrifies me.

I'd much rather have the convenience of "Sign-In with X" but backed by something I have control over.

Re: Web3? I have my DAOts

#6

Post by carlosdp » Mon, Dec 06, 2021, 10:24 PM UTC

> The root node [under which all ENS domains are registered] is presently owned by a multisig contract, with keys held by trustworthy individuals in the Ethereum community.

For what it's worth, this is changing as we speak. ENS recently had a very successful launch of a DAO [1] which will soon be in control of these contracts, therefore making it fully decentralized. It's also already impossible for anyone (not even the root holder, be it mult-sig or DAO) to revoke your ENS registration.

Also, NBA Top Shot is a very cherry-picked example. I'm not even sure I'd classify those as NFTs right now, given they are completely separated from the broader ecosystem and not yet interoperable at all.

[1] https://ens.mirror.xyz/5cGl-Y37aTxtokdWk21qlULmE1aSM_NuX9fst...

Re: Web3? I have my DAOts

#7

Post by yepthatsreality » Mon, Dec 06, 2021, 10:28 PM UTC

serverholic wrote: post #5

theplumber wrote: post #3

Earlier quoted context omitted.

I think it depends much of expectations. It actually exceeded my expectations. I recently built a small and useless program in solidity and deployed it within few hours. It's definitely better than what we had available years ago (i.e. on bitcoin platform) and I see a future for it. I think it has chances to survive in this age of censorship and surveillance. Something that really surprised me was the signing/metamas…

"Sign-In with Ethereum" will be huge. I purposefully avoid "Sign-in with Google" because putting too much power in a centralized authority terrifies me. I'd much rather have the convenience of "Sign-In with X" but backed by something I have control over.

Like OpenID?

Re: Web3? I have my DAOts

#8

Post by TrackerFF » Mon, Dec 06, 2021, 10:28 PM UTC

RE: Censorship

You often see advocates of decentralization hail networks for being pro-immutability, battling censorship.

How does it deal with data you absolutely do _NOT_ want to be shared and propagated around? I'm talking about things like CP, terrorist media, fake news, scams/frauds, and what not.

Re: Web3? I have my DAOts

#9

Post by [deleted] » Mon, Dec 06, 2021, 10:29 PM UTC

jaypinho wrote: post #2

Spent weeks investigating the mania around web3 and regret to say it does not live up to the hype.

[deleted]

Re: Web3? I have my DAOts

#10

Post by [deleted] » Mon, Dec 06, 2021, 10:32 PM UTC

yepthatsreality wrote: post #7

serverholic wrote: post #5

Earlier quoted context omitted.

"Sign-In with Ethereum" will be huge. I purposefully avoid "Sign-in with Google" because putting too much power in a centralized authority terrifies me. I'd much rather have the convenience of "Sign-In with X" but backed by something I have control over.

Like OpenID?

[deleted]