Web3 and crypto skepticism is growing and people are finally starting to listen
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Re: Web3 and crypto skepticism is growing and people are finally starting to listen
#2I would separate the crypto craze from Web3 to be honest. On its face it doesn't really have to do with crypto currency at all. A centralization is otherwise no really desirable for many users.
Re: Web3 and crypto skepticism is growing and people are finally starting to listen
#3I would separate the crypto craze from Web3 to be honest. On its face it doesn't really have to do with crypto currency at all. A centralization is otherwise no really desirable for many users.
The concept of web3 only exists to further the goals of cryptocurrency speculation, and the proposed technology is in no way distinguishable from cryptocurrency systems, so they really aren't unboxable.
Re: Web3 and crypto skepticism is growing and people are finally starting to listen
#4The evidence to support the claim is pretty weak, basically there's some more anti-crypto blogposts and documentaries out. I could easily make an article with the reverse claim and point out the pro-crypto blogposts and documentaries.
Re: Web3 and crypto skepticism is growing and people are finally starting to listen
#5I would separate the crypto craze from Web3 to be honest. On its face it doesn't really have to do with crypto currency at all. A centralization is otherwise no really desirable for many users.
Isn't the general thesis of Web3 partially based on the principles of decentralized blockchain technologies, a lot like crypto? If so they are certainly related to each other.
Re: Web3 and crypto skepticism is growing and people are finally starting to listen
#6I would separate the crypto craze from Web3 to be honest. On its face it doesn't really have to do with crypto currency at all. A centralization is otherwise no really desirable for many users.
> A centralization is otherwise no really desirable for many users.
I’d argue the opposite-the benefits of decentralization are too abstract for most people to appreciate.
Re: Web3 and crypto skepticism is growing and people are finally starting to listen
#7I disagree with the article.
> [...] as crypto becomes more mainstream and people experience its downsides, critics' warnings are starting to be heard.
I'm not sure that public sentiment is actually being measured or is shown to be changing, or at least there's no evidence presented here.
The biggest thing happening right now is the selloff, and I think that's happening due to the economic headwinds that face all asset classes. Look at the stock market - it's not doing any better.
It looks like we're in for an extremely rough 2022, and people are selling off their crypto (and everything they can) to prepare for the storm. 7% inflation on cash is nothing compared to the loss in equity valuations. Now is the time to hold cash.
(I'm a crypto skeptic, so don't take this as a defense of crypto.)
Re: Web3 and crypto skepticism is growing and people are finally starting to listen
#8I would separate the crypto craze from Web3 to be honest. On its face it doesn't really have to do with crypto currency at all. A centralization is otherwise no really desirable for many users.
They're absolutely inseparable. Web3, at least as I understand its fuzzy definition, is: websites, but... state stored on the blockchain! There are virtually 0 technical reasons for doing this—decentralization and most of the "neat" examples shown (e.g., logging into arbitrary websites without signing up) can be done much better sans-blockchain, using plain old asymmetric keys.
What's motivating this is people with deeply vested interest (a16z investors, in no small part) in crypto tokens (e.g. ETH) increasing in price.
Re: Web3 and crypto skepticism is growing and people are finally starting to listen
#9I would separate the crypto craze from Web3 to be honest. On its face it doesn't really have to do with crypto currency at all. A centralization is otherwise no really desirable for many users.
> A centralization is otherwise no really desirable for many users. I’d argue the opposite-the benefits of decentralization are too abstract for most people to appreciate.
I'd argue the opposite-the benefits of decentralization are clear and concise.
edit: Central point of failures, ownership, privacy, etc etc.
Re: Web3 and crypto skepticism is growing and people are finally starting to listen
#10Serious question: What problem does web3 or decentralization fix?
- Oligopoly of the hyperscalers -> rent server from small provider like ovh/hetzner/netcup (there is plenty).
The reason AWS, Azure and GCP are so popular is because people don't care.
- Privavy intrusions -> Adblocker/DNS Blocker/Turn off JS/Use browser settings
This won't be fixed by web3, ad monetization and tracking won't magically stop. They exist because there is a demand.
So what is being fixed?