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.
Web3 services are 900 numbers. Every use of whatever service costs you money.
Web3 – An Arrogant and Treacherous Successor Doomed to Fail
131–140 of 267 posts
Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail
#132Saving you a click:
"
There are many reasons contributing to the failure of Web3 but the most fundamental ones –
Sophisticated & Tedious Development
Self Governance & Lack of Compliance
Built upon Delusions & Lies
Not better than its predecessors in anyway
Prone to all kinds of Cybersecurity issues that can’t be eliminated
"
Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail
#133>The real single reason for which I believe that all this will come tumbling down is cause of the fact that all this is falsely hyped as being something better than its predecessors but in reality it is not. How so? If you're saying that this is the one single reason, then you have to support it with evidence.
They really don't. Not every document has to include all things relevant back to the big bang. That bit in particular has been discussed by lots of people for quite a while, including a ton of posts right here, so if you just fell off the turnip truck and are truly unaware of the web3 critiques, a little searching should set you straight. Heck, I'll even give you a place to start: https://web3isgoinggreat.com/
Did the failure of Enron mean that the US financial system itself is a scam?
If not, then why should a scam on a blockchain be evidence that that blockchain itself is a scam?
Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail
#134Web 3 is the last of the ill-conceived prequels and the end of a misguided retcon. The true successor to the original Web trilogy will be episode 7.
Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail
#135Earlier quoted context omitted.
This seems like rhetoric. Have you tried looking? Counterexamples: lens.xyz, farcaster.xyz, urbit.org
You can't say something that's generally beloved like Urbit! By the logic of web3 critics, everything they consider 'good' isn't part of web3.
Is this sarcasm? Urbit is one of the most obfuscated and bizarre software projects in history. It makes TempleOS look like a model of clarity and common sense.
If Urbit is now a flag-bearer for web3, I don’t think the aforementioned mother-in-law will have to worry about trying to understand this stuff during her lifetime.
Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail
#136So many short-sighted critiques.
Web3 or whatever might not be the answer, but you have to ask yourself a question: what's the internet going to look like in 2030, when the majority of its traffic is non-western, and a massive share of all purchasing power resides in Africa and Asia?
Do you think by 2030, all global governments and their citizens will voluntarily give away control over what they can consume and create to Google and Apple? Are they going to ransom their digital economies to Apple's 30% tax?
Betting in favor of the current centralized western oligopolies is betting on the belief that the digital economy won't grow, and that there won't be a regulatory crackdown in countries with stronger technological capabilities.
In case you lose this bet, you have to ask: what's the alternative? Every large country making its own app stores and social networks? Or a decentralized variant that isn't completely controlled by a handful of western corporations?
It can go either way, but it's definitely not going to be business as usual.
Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail
#137Earlier quoted context omitted.
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'
This is the standard US centric viewpoint driving this nonsense. Every other developed nation and a lot of lower developed nations solved this long enough ago that it's not even thought about. I have to use my physical card maybe once every 2 months/once per quarter as an anti-fraud step. My phone contactless pays for everything, and anything it can't (like a car or whatever) I can do sub 2 hour but in practice insta…
You do know that international transactions are a thing, right, and that UPI doesn't work globally?
Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail
#138Earlier quoted context omitted.
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.
With a 2.5% fee to Visa
Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail
#139Earlier quoted context omitted.
You can't say something that's generally beloved like Urbit! By the logic of web3 critics, everything they consider 'good' isn't part of web3.
Is this sarcasm? Urbit is one of the most obfuscated and bizarre software projects in history. It makes TempleOS look like a model of clarity and common sense. If Urbit is now a flag-bearer for web3, I don’t think the aforementioned mother-in-law will have to worry about trying to understand this stuff during her lifetime.
Interesting!
Didn't know that. I just read that some people here were like "I really wanna try Urbit".
Re: Web3 – An Arrogant and Treacherous Successor Doomed to Fail
#140Earlier quoted context omitted.
Entirely this. And when it comes time to show success stories, they co-opt other decentralized tech like IPFS or DID. None of that needs a blockchain to operate and does just fine without implementing one. Web3 is truly DOA.
Again, web3 isn't just blockchains. IPFS is a fundamental web3 tech since it's inception, even it's creators from Protocol Labs say so. Just because you like it more than blockchains doesn't mean it's not part of web3. IOTA uses hashgraphs. ArWeave uses blockweaves. IPFS uses DAG.
And let’s not forget SMTP which is a core part of web3 because it’s a decentralized protocol after all. What amazing foresight they had in 1980 to build a web3 protocol before web1 even existed!