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Web3? I have my DAOts

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121–130 of 636 posts

Re: Web3? I have my DAOts

#121
post #87

Earlier quoted context omitted.

Right. If you can see it, you can catch it. If you push them further and further into obscurity, you're less likely to catch it. You're increasing the chances that it happens by censoring it, not reducing the chances.

It's not only you that can catch it. It's all other people too. Yes, you decrease your chance to shut down one individual perpetrator, but you also limit that one perpetrator's reach and they can't do as much harm. It's the same thing as any other infectious disease, really. If you don't do any covid prevention and hang out with a bunch of unvaccinated people in close quarters, you're more likely to find out if someb…

> This is about reducing harm by reducing infections.

That doesn't make any sense for CP. It's not like people who weren't into that crap before stumble upon it and are like "oh, now this is MY THING."

What I'd propose is having a "known bad content" (as flagged by users/operators) list that gives node operators a rating they can filter what they propagate by.

For example: if you have A, B, C, and D ratings (A being harmless, D being CP), you'd get a self-policing network because node operators could say "I only host/seed B+ content." Very few people given the choice would even want to seed D-rated content (and if I'm wrong, then we have a much bigger problem at a societal level).

It'd be imperfect, but so is blatant censorship. Arguably this approach would help you to find the worst stuff fastest.

Re: Web3? I have my DAOts

#122

RE: Censorship You often see advocates of decentralization hail networks for being pro-immutability, battling censorship. How does it deal with data you absolutely do _NOT_ want to be shared and propagated around? I'm talking about things like CP, terrorist media, fake news, scams/frauds, and what not.

Does that stuff make them Dogecoin?

If so, they are ok with it.

Re: Web3? I have my DAOts

#123
post #22

Earlier quoted context omitted.

"Sign-In with Ethereum" will be huge. I purposefully avoid "Sign-in with Google" because putting too much power in a centralized authority terrifies me. I'd much rather have the convenience of "Sign-In with X" but backed by something I have control over.

this already exists, just not widely deployed on web2. 'Connect Wallet'.

Fyi “Sign-In with Ethereum” is just standardizing the “Connect Wallet” button.

Re: Web3? I have my DAOts

#124
post #58

I really enjoyed this article and appreciated the author's sober take. That said I'm a little more optimistic about Web3. While NFTs can be confusing, over-hyped, or even fraudulent it is clear that they give artists new power. The power to create a scarce resource, prove that they created it, and sell it for substantially more than they could could otherwise sell electronic collectibles. How much of this is due to h…

But how exactly do they "prove they created it"? The art itself is not stored in the blockchain, just a pointer to it (NFT), which means anybody can create that pointer. This is exactly the same fundamental oracle problem as that discussed in the article: trustlessness etc applies only within the sandbox, not to anything outside it.

If you want an endless supply of examples of these scams, just follow https://twitter.com/NFTtheft

Re: Web3? I have my DAOts

#125

Earlier quoted context omitted.

It's not only you that can catch it. It's all other people too. Yes, you decrease your chance to shut down one individual perpetrator, but you also limit that one perpetrator's reach and they can't do as much harm. It's the same thing as any other infectious disease, really. If you don't do any covid prevention and hang out with a bunch of unvaccinated people in close quarters, you're more likely to find out if someb…

> This is about reducing harm by reducing infections. That doesn't make any sense for CP. It's not like people who weren't into that crap before stumble upon it and are like "oh, now this is MY THING." What I'd propose is having a "known bad content" (as flagged by users/operators) list that gives node operators a rating they can filter what they propagate by. For example: if you have A, B, C, and D ratings (A being…

It's not about making people pedophiles, it's about giving existing pedophiles material. Or about exposing people with right-leaning views to more and more extreme content, or whatever the dangerous material in question is.

What you are proposing is just censorship with extra steps, it seems to me, where the operators are the censors. What's the point, other than making everything more complicated and difficult to work with?

Re: Web3? I have my DAOts

#126
post #40

RE: Censorship You often see advocates of decentralization hail networks for being pro-immutability, battling censorship. How does it deal with data you absolutely do _NOT_ want to be shared and propagated around? I'm talking about things like CP, terrorist media, fake news, scams/frauds, and what not.

You know how most web2 sites never delete data, but just flag it as hidden? The web3 argument is to create systems whereby this is the norm, when one chooses, with the lowest layer being durable and immutable, but a variety of higher level layers (some centralized) having the freedom to mask that data when they choose. Ultimately, the relevant question is if the root layer of open data systems should allow erasure. T…

If the data belongs to an individual consumer, the data must actually be deleted at the customer’s request to comply with GDPR and CCPA.

Re: Web3? I have my DAOts

#127
post #6

> The root node [under which all ENS domains are registered] is presently owned by a multisig contract, with keys held by trustworthy individuals in the Ethereum community. For what it's worth, this is changing as we speak. ENS recently had a very successful launch of a DAO [1] which will soon be in control of these contracts, therefore making it fully decentralized. It's also already impossible for anyone (not even…

I have some Top Shot moments, and I don't think of them as NFTs at all. As long as it's locked down on one platform, to me it's not an NFT. The get rich hype seems to be at an ebb with them right now, so I can just play around and collect. It's fun, but it's not an NFT.

So far it's a case where I don't think the blockchain is adding any value whatsoever. Blockchain is just a poor fit if you're going to keep it locked down to one administrator.

Re: Web3? I have my DAOts

#128
post #72

Earlier quoted context omitted.

Why is ‘ wiring ’ so bad from your point of view?

I'm not OP but I had to wire money earlier this year when I bought a house. To accomplish this, I had to drive to my nearest bank branch (1 hour drive), talk to a bank teller for 15 minutes while she filled out forms and printed out papers I had to sign, and then they told me the wire would probably arrive in time for the house signing (3 hours later). This was to send ~$15k. Compare this to sending USDC on [smart co…

That’s a failing of the US banking system, but not of banking systems everywhere. In the UK you can send up to £250,000 within 15 minutes, and you can generally do this online.

Re: Web3? I have my DAOts

#129
post #111
post #99

OK. The reason all this happening is that Bitcoin really did go to the moon. That's what powers all this speculation. If the price of Bitcoin had been stable for a decade, and it worked reliably, it would be a useful medium of exchange, but nobody would care. This is all about MAKE MONEY FAST. Bitcoin found some early use cases. Drugs first. Then getting money out of China. Money laundering. Tax evasion. Scams. Bitco…

No, that is a necessary but insufficient condition to come up with Web3. Web3 also requires the concept put forward by Ethereum of having an instruction set one can pay to run on chain. That would have probably been thought up and deployed independently from Bitcoin's price action. But both probably were necessary to provide sufficient foundational momentum to building things like DeFi.

It turns out to be a floored concept

Re: Web3? I have my DAOts

#130

Earlier quoted context omitted.

> I also would way rather make large purchases with crypto (e.g. down payment on a house) For a purchase that large, I would rather make it in person. With a check. Which is way more secure than crypto or a wire transfer.

Not trying to be facetious — who lets you make a down payment with a check? I’ve worked with title companies (though only in 2 US states) and never seen a closing that wasn’t wire based.

Me. I have
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