Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Web3? I have my DAOts

networked.substack.com

Post reply on HN
Print view View original

191–200 of 636 posts

Re: Web3? I have my DAOts

#191

Post by arcticbull »

Uehreka wrote: post #138
pavlov wrote: post #46

Earlier quoted context omitted.

The mainstream public doesn't want their identity attached to a private key that they can lose. And if you're letting someone else store the key, then it's just another form of "Login with X".

Well if you think this is bad, wait until you hear about MFA ;-) On the real, I think there are people who will want to try this if it’s made easy enough. Some people could try getting a name and keeping a wallet through a 3rd party, in which case they’re no better or worse off than they are now. But at any moment, if they feel the need, they could transfer that username to a cold wallet if they want to take control…

MFA only works because someone can re-set it for you. That's the point. "Not your keys, not your life" is simply the worst of all worlds.

Re: Web3? I have my DAOts

#192

Post by arcticbull »

delaaxe wrote: post #55
pavlov wrote: post #46

Earlier quoted context omitted.

The mainstream public doesn't want their identity attached to a private key that they can lose. And if you're letting someone else store the key, then it's just another form of "Login with X".

Unless the 'someone else' is a multisig consisting of a mixture of friends & relatives, instutitions and hardware devices.

That's honestly the worst solution I could think of, and not one I would ever want to rely on. Not for me, not for my family, certainly not for my parents.

Re: Web3? I have my DAOts

#193

Post by gfodor »

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.

A great theory but in practice in this specific case the legal system will be forced to capitulate. Either a country has to ban all crypto mining or not enforce GDPR on chain nodes. Seems obvious which way it will land in the long run.

Re: Web3? I have my DAOts

#194

Post by Sirened »

Khartoum wrote: post #93
api wrote: post #18

Earlier quoted context omitted.

> An interesting possibility is that illegal content gets permanently inserted into a blockchain, which could make running, for example, an ethereum node very illegal. I've heard this called a "pee in the pool attack." Block chains like Ethereum and Bitcoin have one intrinsic defense: they don't support very large data objects. So that makes inserting CP problematic. But someone determined enough and willing to spend…

Or adding someone's personally identifying information.. birthdates, addresses, SSN, etc.

Or by running your botnet's C2 on it. There's no kill switch or sinkholing your botnet without killing the entire blockchain.

Re: Web3? I have my DAOts

#195

Post by UncleMeat »

Uehreka wrote: post #166
UncleMeat wrote: post #146

Earlier quoted context omitted.

The overlap here is the centralization of identity, not the actual real name part. Is it desirable to have my hn handle also match my wow character name?

Who said you need to only have one ENS name either? You could have one that you use for personal tech-related stuff, one that you use for work stuff, one that you use for gaming-related stuff, etc. (although for that kind of usage to really take off, Gas fees will need to come down).

Then why aren't you just using old school signature based auth? What does having your public key stored on the ethereum blockchain accomplish?

Re: Web3? I have my DAOts

#197

Post by zepto »

diveanon wrote: post #181
canjobear wrote: post #172

Earlier quoted context omitted.

Have you actually sent large amounts of money through crypto? My experience is that it is incredibly nerve wracking.

Daily, it’s literally the easiest way to send large amounts of money in existence.

Unless there is a typo, in which case it’s the easiest way to lose large amounts of money in existence.

Re: Web3? I have my DAOts

#198

Post by hirsin »

diveanon wrote: post #178
iskander wrote: post #63

Earlier quoted context omitted.

>I own several crypto-currencies and there hasn't been a single moment in which I thought of buying something with a crypto-currency. This is entirely personal and subjective, but I prefer the user experience of Aave and Yearn to traditional banking with e.g. Chase. I also would way rather make large purchases with crypto (e.g. down payment on a house) compared with wiring money.

I agree. Recently purchased a home with a loan from aave polygon and it was pretty painless.

Is your loan delimited in dollars or non-stable crypto?

Re: Web3? I have my DAOts

#199

Post by zepto »

diveanon wrote: post #184
brandonmenc wrote: post #86

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.

I haven’t even seen a check in decades. It’s incredible to me that you think a piece of paper and human contact is secure.

It’s incredible that you think it isn’t.

Re: Web3? I have my DAOts

#200

Post by jazzyjackson »

cqwrtiq wrote: post #175
UncleMeat wrote: post #68

Earlier quoted context omitted.

A major reason why those blockchains have lower fees is because speculators have not driven up their token price. Unless there is some fundamental reason why the fees will stay low, you've got a time bomb on your hands as soon as people decide that this blockchain is a major speculation vehicle.

This is an interesting topic that I feel like doesn't get discussed often. Vitalik Buterin posted today about Ethereum's expensive gas fees and the reasoning for it. It boiled down to decentralization vs. more operations per block. Blockchains like Algorand and Solana have large block sizes, so they can keep fees low per block (which they both do a very good job of doing so far, although exactly how cheap they'd be w…

It got discussed a lot - years ago - and is sometimes referred to as the "Block Size Wars"

https://en.bitcoin.it/wiki/Block_size_limit_controversy

Post reply on HN