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I've known Moxie to often be right. And I think he happens to be right about this.
I'm perplexed with him writing this piece and, at the same time, adding crypto based payments to Signal... Has he written anything on Signal and payments?
This > After a few days, without warning or explanation, the NFT I made was removed from OpenSea (an NFT marketplace) Then > What I found most interesting, though, is that after OpenSea removed my NFT, it also no longer appeared in any crypto wallet on my device. This is web3, though, how is that possible? How indeed: > You don’t own “web3.” > The VCs and their LPs do. It will never escape their incentives. It’s ulti…
Please don't degenerate into flamewar. https://news.ycombinator.com/newsguidelines.html
What you should do if you believe in Web3, is take this as constructive criticism and improve so that they holes are no longer there.
Earlier quoted context omitted.
Please don't degenerate into flamewar. https://news.ycombinator.com/newsguidelines.html
How is that a flamewar? Literally talking about the content of the article.
Would you mind reviewing https://news.ycombinator.com/newsguidelines.html and taking the intended spirit of this site more to heart? You unfortunately have a history of violating it, and we're trying for at least a slightly better quality of discussion here.
This > After a few days, without warning or explanation, the NFT I made was removed from OpenSea (an NFT marketplace) Then > What I found most interesting, though, is that after OpenSea removed my NFT, it also no longer appeared in any crypto wallet on my device. This is web3, though, how is that possible? How indeed: > You don’t own “web3.” > The VCs and their LPs do. It will never escape their incentives. It’s ulti…
All one has to do is call a different API for the same information. It's not like it was actually gone
It stands in such stark contrast to other content. For example, a web3 chat app announcement I saw yesterday [1]. I even joined the Discord to learn more and just found...hype.
I found this parenthetical to be amusing:
> (visualizing this financial structure would resemble something similar to a pyramid shape)
Pyramid-shaped financial setups indeed :).
[1] https://twitter.com/MessagePartyApp/status/14791510011813765...
It might be confirmation bias speaking, but I don't think I've seen anyone lampoon Web3 so thoroughly, and it's nice to have some well-reasoned explanations for why I feel the way I do.
EDIT: A further thought: this article is the first I've read on Web3 that feels like it's actually important and I'm looking forward to the discussion. Are there any real counterpoints to be made against his reasoning?
Moxie is no fan of decentralization. And he made why very clear with concise and incisive arguments.
> These technologies immediately tended towards centralization through platforms in order for them to be realized, that this has ~zero negatively felt effect on the velocity of the ecosystem, and that most participants don’t even know or care it’s happening. This might suggest that decentralization itself is not actually of immediate practical or pressing importance to the majority of people downstream, that the only amount of decentralization people want is the minimum amount required for something to exist, and that if not very consciously accounted for, these forces will push us further from rather than closer to the ideal outcome as the days become less early.
Per the post, he's in favor of decentralization that "uses cryptography (rather than infrastructure) to distribute trust," he's just skeptical that web3 will head in this direction.
I must be stuck in the past.
It's true. No one wants to run an arcane, buggy, insecure, wonky POS that needs constant patching. This is really a failure of software and shoving all that up a level into the cloud is not fixing anything. At least with your own hardware you can nuke it and start over from scratch. With your own hardware (and disks), you at least know where your data resides.
We live in a time where you can get a 4 TB NAS for essentially nothing. You can drop a 8 core, 32GB RAM server on top of that for less than $1k. I don't know what other people's scaling needs are--who knows, maybe they need to serve 100 PB?--but it's a mind blowing amount of computation. Most people can probably serve their silly websites off that. If you can't handle your own email load on a server like that, I honestly have no idea what you're up to.
I kind of do want to run my own ones of those things...but I know (with today's software) I'd hate it. Because even after all these years, it kind of terrifies me, the metric shitton of stuff I have had no clue how to do, and I know is way over complicated...because everything is way overcomplicated.