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Web3 is a stupid idea

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Re: Web3 is a stupid idea

#101

Post by masa331 »

zzok22 wrote: post #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…

Can you tell me an example of what simply didn't exist five years ago and now exists bc of Web3? And the potential of the tech? Because i used to work in an agency and we develop apps and smart contracts for Ethereum and what they were doing were the most basic and primitive things, slow, fragile, incapable and very expensive to use. Not to mention all the environmental problems with PoW. Only reason we were developing them was that there were loads of money from all the hype around it. The actual usefulness was zero.

Re: Web3 is a stupid idea

#102

Post by casi18 »

patwolf wrote: post #50

I was around for web 2.0, and it felt like a substantial change over how the web worked previously. It was the first glimpse that the web was capable of replacing the desktop apps we were accustomed to, while simultaneously adding new capabilities that didn't exist in desktop apps. There was a lot more to it, but to the casual user that was the most obvious difference. This was the first thing I've read about web 3,…

metamask has 10MM monthly active users, opensea at half the volume of ebay last month...

anecdotally, people seem to be moving to wallet connect smartphone wallets (eg rainbow) recently as they are nicer than browser extensions + you can use mobile websites/apps with them. Metamask is a bit of a mess tbh.

I've been in the space for a few years now so i find it really hard imagining a non-cryptocurrency/web3 internet at this point. It's such a big part of my use of the internet at this point. Hanging out in various dao chats in discord from chess clubs to running gallery spaces, voting in snapshot is a daily activity. Its basically like being in wow guilds, but with a completely open-ended design space to play in.

Im not sure what people will be satisfied with as a killer app? what is the measure of success? it feels like its already here and successful to me. After a dull period of the internet feeling like it was disappearing under FAANG it feels alive and chaotic and fun again.

Re: Web3 is a stupid idea

#103

Post by rvz »

tialaramex wrote: post #78
rvz wrote: post #55

Did the author just forget about the attempted corporate take over of .org? [0]. Blockchains like Ethereum are part of the solution which help prevent something like that from happening. They're not at the stage to be usable yet but it seems that is where we are going. It just takes more de-platformings, bans, hostile takeovers, suspensions etc to accelerate the need for this. [0] https://news.ycombinator.com/item?id…

> Blockchains like Ethereum are part of the solution which help prevent something like that from happening. How so? The problem is that many humans are greedy. How do "Blockchains like Ethereum" fix that? The existence of a technology that's completely orthogonal to the problem isn't "part of the solution" although marketing it as a solution certainly does help move worthless tokens.

> How so? The problem is that many humans are greedy. How do "Blockchains like Ethereum" fix that?

You do realise Ethereum is a blockchain ecosystem and not just a coin? So ENS isn't part of the solution then?

Perhaps you yourself have your own better solution then?

Re: Web3 is a stupid idea

#104

Post by ketralnis »

max_ wrote: post #77
tmcw wrote: post #27

Earlier quoted context omitted.

People are building things like renewed web standards (Project Fugu, for example) and P2P networks (Beaker, Hypercore), and light clients (Mighty). These projects don't get any attention from the "Web3" crowd because they don't involve currency speculation.

You cannot separate economics incentives from networking protocols. You need an actual sepeculative market to price and offer these services. Most of open source fails because they don't acknowledge this reality.

That is an extraordinary claim. Network protocols and currencies went some 60 years being unrelated to each other and I see no reason to think they won't continue right along that way after this current set of grifters finds a new set of marks

Re: Web3 is a stupid idea

#105

Post by simmanian »

To me, web3 isn't about building everything on some blockchain.

Firstly, it's about building networks and systems that serve us instead of what we have today: big, monolithic networks that profit off our rage and addiction.

Secondly, it's about building a model of democracy that is fundamentally more scalable than what we have today: people with differing opinions and values being forced into a single echo chamber and fighting in a zero-sum game to take control of the chamber.

Decentralization won't solve all our problems, but I believe it's a more natural and scalable way to organize on the web.

Re: Web3 is a stupid idea

#106

Post by TacoToni »

rewtraw wrote: post #100

A large chunk of my internet experience lately has been on web3, and the experience is _wonderful_ despite it's immaturity. It's incredible to be able to go to different websites (Zapper, Zerion, OpenSea, etc.) and simply have all my data already exist -- without needing to create an account, export/import. web3 makes me believe in a new era of the internet that isn't full of ads, cookie consent forms, dozens of sign…

Yes - completely agree. it is refreshing to go to a website, hit connect, and boom there is all my data! I think we are only brushing the surface of what is possible with web3. Cant wait for login support to sign up for social media sites.

Re: Web3 is a stupid idea

#107

Post by Spivak »

officialchicken wrote: post #16
michaellee8 wrote: post #5

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.

If you want something to have broad appeal you have to hide the key management. Users will never keep track of keys or wallets and they will lose them regularly. Most services solve this by not having the key be the source of truth for anything (i.e. iMessage, WhatsApp, and SSH) so that you can rotate them on a whim. Other services solve this by just hosting the key when it's actually important (Bitlocker). This is just an example of the latter. Sites that support "Login with Google/FB/Email" aren't some malicious conspiracy theory, they're how most people access and secure all their information.

Re: Web3 is a stupid idea

#108

Post by [deleted] »

X6S1x6Okd1st wrote: post #88
tmcw wrote: post #27

Earlier quoted context omitted.

People are building things like renewed web standards (Project Fugu, for example) and P2P networks (Beaker, Hypercore), and light clients (Mighty). These projects don't get any attention from the "Web3" crowd because they don't involve currency speculation.

Why exclude IPFS? That is near and dear to the web3/cryptocurrency space, but can also be leveraged without participating in currency speculation at all.

[deleted]

Re: Web3 is a stupid idea

#109

Post by angio »

masa331 wrote: post #101
zzok22 wrote: post #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…

Can you tell me an example of what simply didn't exist five years ago and now exists bc of Web3? And the potential of the tech? Because i used to work in an agency and we develop apps and smart contracts for Ethereum and what they were doing were the most basic and primitive things, slow, fragile, incapable and very expensive to use. Not to mention all the environmental problems with PoW. Only reason we were developi…

I can play a game (DarkForest) and sell items to other players in exchange for real money (xDAI) without trusting dodgy websites.

Re: Web3 is a stupid idea

#110

Post by kook_throwaway »

tmcw wrote: post #27
zzok22 wrote: post #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…

People are building things like renewed web standards (Project Fugu, for example) and P2P networks (Beaker, Hypercore), and light clients (Mighty). These projects don't get any attention from the "Web3" crowd because they don't involve currency speculation.

I'm having trouble finding mighty on ddg, got a link?
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