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Web3 – An Arrogant and Treacherous Successor Doomed to Fail

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Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail

#101

Post by pessimizer »

zenen wrote: post #28

Dang, this sucks. Not the post, I respect & understand the opinion. It sucks that the initiative of creating a deflationary currency started this massive wave of people thinking that they're smarter than whoever invented Bitcoin in the first place. Everybody bought in to the hype but nobody wants to invest the time into understanding how the actual technology works. "In fact the entire Blockchain arena is filled with…

> It sucks that the initiative of creating a deflationary currency started this massive wave of people thinking that they're smarter than whoever invented Bitcoin in the first place.

I'm sure there are thousands of people who have spent far more time working on and thinking about bitcoin than the person who invented it.

Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail

#102

Post by joneholland »

spaceman_2020 wrote: post #80
roody15 wrote: post #8

Earlier quoted context omitted.

Exactly… NFT’s blah blah .. blockchain everything .. came off as like a sales pitch and never seemed to resonant as where the web was headed

Paying for things ONLINE with a crypto wallet is legitimately a far, far better experience than fumbling around with credit cards. A seamless on-ramp from a bank account to a crypto wallet will really change the way we pay for things online. I believe this on-ramp is coming with CBDCs. Edit: HN is hopelessly anti Wayne Gretzky when it comes to crypto :D Edit 2: I should have mentioned 'online'

What. Is this trolling?

Modern credit payments from a consumer standpoint is tap a card or a phone on a reader.

Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail

#103

Post by ehutch79 »

spaceman_2020 wrote: post #80
roody15 wrote: post #8

Earlier quoted context omitted.

Exactly… NFT’s blah blah .. blockchain everything .. came off as like a sales pitch and never seemed to resonant as where the web was headed

Paying for things ONLINE with a crypto wallet is legitimately a far, far better experience than fumbling around with credit cards. A seamless on-ramp from a bank account to a crypto wallet will really change the way we pay for things online. I believe this on-ramp is coming with CBDCs. Edit: HN is hopelessly anti Wayne Gretzky when it comes to crypto :D Edit 2: I should have mentioned 'online'

Uhhh...

For real, who has issues paying with a CC at a register? Or contactless payments?

Don't crypto payments like bitcoin take a bit to go through? Like longer than you'd want someone tying up a cashier line?

Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail

#104

Post by smoldesu »

rhn_mk1 wrote: post #93
mkl95 wrote: post #72

Earlier quoted context omitted.

Imo Web 3.0 is Webtransport / Webassembly / WebGPU. But Web 2.0+ may be a more fitting name.

I was thinking that web 3 would be fitting for ActivityPub, WebTorrent, Namecoin and IPFS.

No? ActivityPub is a protocol over HTTP - that's solidly last-gen. IPFS is caught between iterations but IMO is solidly Web2, and WebTorrent/Namecoin are abstractions over pre-existing technology. I think that's appropriate for a Web2.1 starter-pack, maybe.

Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail

#105

Post by purerandomness »

k__ wrote: post #54
lxe wrote: post #48

In order to understand Web3 culture, look into Professional Wrestling ( https://en.wikipedia.org/wiki/Kayfabe ). Web3 is fake/staged, but everyone participating in Web3 either knows this, doesn't know this, or pretends not to know this.

Web3 isn't one centralized entity that's either fake or true. It's a bunch of bullshit, mixed with many slick ideas. I believe in web3, but I also believe that art NFTs and crypto bros running grifter companies like MtGOX and FTX give it a bad rap. Luckily, the ecosystem is now big enough that you can avoid that crap pretty easily.

> I believe in web3

Could you elaborate on what definition of Web3 you believe in?

Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail

#106

Post by acdha »

spaceman_2020 wrote: post #91
sys_64738 wrote: post #38

What's a succinct definition for Web3/3.0/etc that I can tell my mother in law in 20 secs? I don't actually know what it's meant to be.

Owning your digital identity instead of renting it.

That’s been true of the web since day one. It would be more interesting to look at why most users have chosen not to do that despite having had the option, because the same forces are still present.

Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail

#107

Post by k__ »

smoldesu wrote: post #94
k__ wrote: post #86

Earlier quoted context omitted.

I met many Protocol Labs people on crypto conferences and they pretty much see themselves as one of the core web3 technologies.

They were very influential to Web3. That being said, it's like saying that BitTorrent is a Web3 protocol just because the general interests/end goals are shared between projects.

The creator of BitTorrent also sees himself and his technology as an important part of web3.

Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail

#109

Post by vkou »

k__ wrote: post #97
vkou wrote: post #79

Earlier quoted context omitted.

1. Both the mindshare and marketshare of NFTs and similar garbage dwarfs any use of Filecoin. 2. Dropbox and Drive are cheaper and better. S3 is cheaper.

1. That's not really an argument. There is literally exabytes of data on Filecoin ( https://stats.filecoin.io/d/z6FtI92Zz/filecoin-chain-stats?o... ) 2. And gone if you stop paying.

1. That's capacity, that's not usage. I don't care about imagined usage, I care about actual usage.

2. No, it'll just be gone if crypto crashes enough and the miners sell or turn down their hardware (Probably precipitated by some fraud in some other part of the ecosystem unwinding).

There's a reason nobody has built the next Dropbox on Filecoin. [1]

[1] I mean, you can do that, if you have Einstein hair, and your goal is to grift dumb VC money, but you're not going to put together a better product.

Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail

#110

Post by mschuster91 »

spaceman_2020 wrote: post #80
roody15 wrote: post #8

Earlier quoted context omitted.

Exactly… NFT’s blah blah .. blockchain everything .. came off as like a sales pitch and never seemed to resonant as where the web was headed

Paying for things ONLINE with a crypto wallet is legitimately a far, far better experience than fumbling around with credit cards. A seamless on-ramp from a bank account to a crypto wallet will really change the way we pay for things online. I believe this on-ramp is coming with CBDCs. Edit: HN is hopelessly anti Wayne Gretzky when it comes to crypto :D Edit 2: I should have mentioned 'online'

> A seamless on-ramp from a bank account to a crypto wallet will really change the way we pay for things online.

What? Why? Here in Europe, you can just pay with SEPA direct debit. You don't need credit cards or paper checks to pay for stuff, neither in the meatspace nor online. The only thing services like PayPal are good for is fraud protection (for both sides).

So much of what we see in the US financial industry and the workarounds created to bypass their bullshit - anything from "payday loan" places advancing money for a paycheck over paychecks or rent checks themselves to Bitcoin to bypass transaction fees - is just not an issue here. Our wages get automatically deposited into our bank accounts, rent gets either automatically sent by your bank or drafted by the lender's bank, and any kind of card transaction is capped at 0.2 (DC)/0.3%(CC) [1].

[1] https://www.consilium.europa.eu/en/press/press-releases/2015...

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