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Web3 is a stupid idea

timdaub.github.io

11–20 of 220 posts

Re: Web3 is a stupid idea

#11
Even an ideal blockchain-ified P2P "Web 3.0" is a silly fantasy on par with NAT-less IPv4. First they reinvented gold & databases, now they are reinventing IP.

Flat networks are a thing of the past, when you could keep the whole Internet in a paper directory on your desk. Blockchains may be used for settlement and accounting within small networks of international firms, but they will never service the latency and throughput needs of 8 billion netizens.

Re: Web3 is a stupid idea

#13
post #2

Some valid arguments, but in reality web3 is just the web where the backend is something on the blockchain. It makes sense to talk about how to make this experience more secure, but to say the whole thing is a stupid idea doesn't benefit anyone, because a lot of people want it and are going to use it. By the way, most web wallets have hardware support, so you can add an additional layer of security that way.

Sounds like you didn't read the article.

Re: Web3 is a stupid idea

#14
post #9

Lol the company I am working for is doing some kind of wallet that basically allow you to keep and use your private key without a (shitty) browser extension like metamask. You basically just get your key back by authenticating with your google account and pressing your finger at touchid. Basically allow people to have same web 2.0 experience when using web3 apps.

I don't get the hate for Metamask. You can connect hardware wallets to it and its actual UX is good.

They were uploading significant details of failed transactions to Segment. If that ever happened to you, they have a connection of a wallet address to other personal details.

Re: Web3 is a stupid idea

#15
post #11

Even an ideal blockchain-ified P2P "Web 3.0" is a silly fantasy on par with NAT-less IPv4. First they reinvented gold & databases, now they are reinventing IP. Flat networks are a thing of the past, when you could keep the whole Internet in a paper directory on your desk. Blockchains may be used for settlement and accounting within small networks of international firms, but they will never service the latency and thr…

HN comments that use the word "never" should raise eyebrows.

You're not wrong if you assume technology is fixed. But it ain't.

Re: Web3 is a stupid idea

#16

Lol the company I am working for is doing some kind of wallet that basically allow you to keep and use your private key without a (shitty) browser extension like metamask. You basically just get your key back by authenticating with your google account and pressing your finger at touchid. Basically allow people to have same web 2.0 experience when using web3 apps.

Wait, let me get this straight - your company has the non-sharded encryption key (not the user), it centralized by your service, and all of that is subject to google's whims. Yep, sounds like the heart of web3.

Re: Web3 is a stupid idea

#17
post #7
post #6

I think it's poorly named. It's not a new major version of the web. Forget the fact that the vast majority of the web's users don't care about decentralization vs. centralization even a single bit. People will continue to mindlessly use WhatsApp, Instagram, TikTok, Twitter, and Coinbase because decentralization is not a concern for _most_ users. Most users of these apps just want to socialize with friends and family,…

Yeah, I also think it's poorly named. It's semantically speaking not a major upgrade. But additionally, I'd prefer web 2.1 over web 3.0 first...

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Re: Web3 is a stupid idea

#19
My biggest issue with it is its complexity. It's impossible to tell what the fuck is happening behind things like Metamask, which makes me wonder if the whole thing isn't fake decentralization with hidden centralized services or authorities working behind the scenes. It also means that it's hard to create different implementations.

I've seen fake decentralization in other areas in the very dodgy cryptocurrency ecosystem. A lot of times it's "we'll decentralize this eventually when we figure out some issues" but that never happens. After the ICO or coin offering or whatever nothing else happens in the repository and Tesla sells some more high-end cars.

The web was simple and its core still mostly is. It has a ton of extensions and newer protocols but you don't need all that to use it for its original document store purpose.

Re: Web3 is a stupid idea

#20
It's much easier to criticize than to build an alternative. I don't think anyone at Metamask or in the space in general thinks to themselves that the ecosystem is in a state of full maturity or that there aren't major problems. Despite its shortcomings, MM and Web3 have given us capabilities that simply didn't exist five years ago. And those capabilities aren't just limited to a select number of shadowy super hackers. MM has millions of MAU and that number will only grow as more people see the potential of the tech.
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