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Web3? I have my DAOts

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Re: Web3? I have my DAOts

#151

Post by mrisse »

dustintrex wrote: post #114
mrisse wrote: 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.

The author could share their public key. It's awkward today, but I suspect services will arise to make signing and verification of NFTs more user-friendly for artists and fans alike.

Re: Web3? I have my DAOts

#152

Post by Tenoke »

dperfect wrote: post #78

I completely agree with the author. I've been reading a lot about the EVM, and while there's some interesting technology involved, it feels unlikely to be able to support any worthwhile applications outside of blockchain finance or moving $ around the world[0] (since the code can really only directly reference the blockchain itself). It's a bit like playing with a programming language in a sandbox that has (1) has no…

>(1) has no I/O functions

There are I/O functions - oracles like Chainlink which put real-world data on the Blockchain. Those can also be further decentralized or at minimum used only for services where you have to trust a centralized entity without having to exit the Blockchain just for that. Those already enable me to e.g. quickly bet on TSLA via synths with money I have in crypto without cashing out and going through a broker.

>(2) has enormous costs associated with even the most basic of computations.

On one of the chains (Ethereum) but there's plenty of other popular chains with much lower costs.

Re: Web3? I have my DAOts

#153

Post by rlt »

daoismyname wrote: post #85
gfodor wrote: post #50

Earlier quoted context omitted.

Even if nothing else pops out, it’s a huge error to point to illegal activity as some kind of bad, irrelevant use case. That smuggles in an assumption that lawbreakers are universally evil. There have been plenty of periods in history where those enforcing the law in a given country were the oppressors, and the resistant lawbreakers the innocent. It’s worth considering what the value proposition of crypto looks like…

> It’s worth considering what the value proposition of crypto looks like if you were to find yourself living under an illegitimate authority The cables where communications pass through are protected by armies If crypto eventually could pose a threat to those illegitimate authorities, they would give orders to cut the cables and games would be over. they could also trace them back to your house.

Give it a decade or two and we’ll have satellites beaming connectivity via lasers to the middle of territory controlled by authoritarian regimes.

We’ll probably also have aircraft or satellites run by some of those regimes looking for transmitters, of course.

Re: Web3? I have my DAOts

#154

Post by Uehreka »

twic wrote: post #134
Uehreka wrote: post #33

Earlier quoted context omitted.

I said this in another comment on this post, but check out ENS. I’ve been a blockchain skeptic for a long time (and still am about art NFTs and most other things) but the idea of “SSO without a company attached” feels like something the mainstream public actually does want (think of all the negative public sentiment around big tech companies harvesting data and the grudging acceptance people have of their dependence…

Client certificates have been a thing for years. They haven't caught on because the user experience is so terrible. ENS seems like client certificates with extra steps. But, it is definitely a real use-case, so hats off to people for having a go at it!

If you want to trade easy of use against trust and security, you can use a browser extension like MetaMask that can hold your private key (or one of your private keys which you’ve chosen for this purpose) and perform the auth flow on sites that support this stuff. The UX is pretty smooth.

If you want more control, you can build one of these browsers or extensions from source and audit the code yourself. So you can choose your level of challenge/paranoia.

Re: Web3? I have my DAOts

#155

Post by clpm4j »

cblconfederate wrote: post #141
Animats wrote: 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…

that's how i felt about social networking. People posting their breakfast, ridiculous. Baby pictures, silly. Cat pictures, kids these days. Yet somehow the vanity/reality show is making billions 10 years later

Advertising won't quit.

Re: Web3? I have my DAOts

#156

Post by cblconfederate »

TrackerFF wrote: post #8

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.

before the internet, the police would find you and put you in jail.

Why is it normalized that all our communications are bugged and analyzed? This is not something that people should expect if there is going to be correspondence between the physical and the virtual world.

Re: Web3? I have my DAOts

#157

Post by Uehreka »

bsid wrote: post #47
Uehreka wrote: post #33

Earlier quoted context omitted.

I said this in another comment on this post, but check out ENS. I’ve been a blockchain skeptic for a long time (and still am about art NFTs and most other things) but the idea of “SSO without a company attached” feels like something the mainstream public actually does want (think of all the negative public sentiment around big tech companies harvesting data and the grudging acceptance people have of their dependence…

$150+ to own one for a year?

One of my friends got their name for 10 years for $120, so it seems like it fluctuates.

Re: Web3? I have my DAOts

#158

Post by rglover »

malermeister wrote: post #125
rglover wrote: post #121

Earlier quoted context omitted.

> 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…

> Where the operators are the censors.

In essence. Except it's by consensus, not by decree. That's my personal issue with censorship. One or a few people deciding "this is bad," which starts out with good intentions eventually gets abused and used to subjugate groups of people. In this design, it's voluntary. You can be on the network, but that doesn't mean your stuff will be propagated.

Re: Web3? I have my DAOts

#159

Post by rvz »

2muchcoffeeman wrote: post #100
PretzelPirate wrote: post #77

Earlier quoted context omitted.

The person you replied to said “crypto” not “Bitcoin”. They can convert their coins to an algorithmic stablecoin and make the payment in a single transaction with no price change.

So is Bitcoin no longer being pushed as a currency? Is that “official”?

It is definitively 'official'.

If you cannot use Bitcoin to quickly pay for your groceries at your local supermarket then it is quite useless to use isn't it?

There are other cryptocurrencies which are more suitable to these very basic use-cases hence why Bitcoin is the easiest cryptocurrency to attack for most critics.

Re: Web3? I have my DAOts

#160

Post by cblconfederate »

BadCookie wrote: post #126
gfodor wrote: post #40

Earlier quoted context omitted.

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.

I d like to see them try to enforce the GDPR across the entire internet simultaneously

People should realize that writing a law on a piece of paper doesn't make it real or enforceable

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