Live data from Hacker News

My First Impressions of Web3

moxie.org

201–210 of 1001 posts

Re: My First Impressions of Web3

#201
post #175

As a web3 skeptic, Marlinspike has still been quick to outfit Signal with a privileged 'house cryptocurrency', MobileCoin, whose value-appreciation-with-usage will accrue to favored projects. That's web3, too! https://www.wired.com/story/signal-mobilecoin-cryptocurrency...

[deleted]

Re: My First Impressions of Web3

#202

At the risk of displaying my ignorance and lack of knowledge about this area, one part I found very familiar in this article is that the action interactions in his apps didn't actually interact with the blockchain, but essentially with two centralized services. My very limited understanding is that for blockchains essentially the way to distribute them is that every node has a full copy. This sounds awfully expensive…

> The moment you need to rely on third parties, you lose any unique properties a blockchain might have.

Not really, since the blockchain data providers obviously need to provide the exact same data, from the decentralized blockchain.

That's not the case with centralized providers.

Re: My First Impressions of Web3

#203

> People don’t want to run their own servers, and never will That's one believably accurate summary. But here's another: rather than focus on trying to make it easy, cheap and simple for everyone to run their own servers, the tech world spent 1996-today instead focused on offering to take care of this for everybody else, for a price. Everybody concluded in the late 90s that the "nobody wants to run their own servers"…

FreeNAS has ~1M deployments and the recent migration of upstream ZFS development to Linux will continue to increase the availability of ZFS-based storage.

> Imagine a version of things where the server was almost a toy-like appliance.

Odroid HC4 (Arm SBC, dual SATA drive slots, HDMI output, Kodi compatible) is about $100 USD, can run Armbian and LibreElec, https://www.hardkernel.com/shop/odroid-hc4-oled/

Re: My First Impressions of Web3

#204
post #189

I was under the impression that crypto currency was thought of as nothing but yet another pyramid scheme.

By definition something with a finite supply cannot be a pyramid scheme, in fact in most cases there are no parallels whatsoever to crypto and pyramid schemes. There are some pyramid schemes within the shitcoin scam and yield farmer communities, but to think that's represents the industry is highly ignorant.

So you're saying the SEC is, "highly ignorant"?

https://www.sec.gov/files/ia_virtualcurrencies.pdf

Re: My First Impressions of Web3

#205

I don't like that when an actually good successor to web2 comes along it won't be called web3 because of this bullshit that they call web3.

Well, this is already the second web3, (the first being semantic and micro-formats) so maybe we can just use it yet again?

Re: My First Impressions of Web3

#206
post #25

As an engineer, I feel like this single post helped me better understand Web3 and how it worked under the hood better than any of the heavily hyped Discord and Twitter announcements of new projects over the past year. It's interesting how tightly coupled Metamask is to all of the other big crypto / NFT marketplaces. Feels like the "distributed web" portion of it has just been an over-exaggeration all along.

MetaMask is a wallet, its not ingrained into any blockchain, your free to use alternatives, and many protocols don't support it. The centralized aspect of a chrome app and marketplace like opensea is very well know issue and talked about a lot in crypto, the problem of course comes down to lack of education, which is apparent in this very post.

Re: My First Impressions of Web3

#207
> People don’t want to run their own servers, and never will

It's worth distinguishing "running" a server from "having" a server. I lost interest in "running" my own services a couple decades ago - too much work, and I don't keep up on security patches, so it felt like a huge liability too. I am quite happy to "have" a server of my own though that requires minimal babysitting.

We already have this today in some forms: I have a network attached printer that once configured to get online, removes the need for me to run my own print server. Similarly I have NAS devices that remove the need for me to run my own file server. You could argue that the little box that my HomeKit devices talks to is also a little server for coordinating all of my little HomeKit devices. Each of these are pretty popular, even amongst the general population. That popularity tells me that people are quite happy to "have" purpose-built servers, but only if they don't need to "run" them.

Re: My First Impressions of Web3

#208

While it's refreshing to hear critique from someone who actually built something on web3, there are a couple of points where I'd dare to disagree, somewhat. Particularly, regarding "early days". It really is, still, early days, because there is a lot of complexity in getting all the pieces built. It took years to get overall blockchain going. Then, to understand the need of programmability (smart contracts). Other pi…

I don't buy the early part. 3 years into the internet we already had emails and tcp. 13 years into blockchains we have nothing.

Re: My First Impressions of Web3

#209
> web1 was decentralized, web2 centralized everything into platforms

Am I the only one who remembers Web 1.0 as "publisher-generated content" and Web 2.0 as "user-generated content"? (publisher being the one who hosts the server) The latter is dead for several years now, since we've found out content moderation is hard and even scale won't help you there.

Re: My First Impressions of Web3

#210
post #11
post #6

Earlier quoted context omitted.

I'm perplexed with him writing this piece and, at the same time, adding crypto based payments to Signal... Has he written anything on Signal and payments?

I don't think there's necessarily any contradiction. This is a critique of the Web3 paradigm (crypto all the things) and not cryptocurrency itself for say, payments.

Yeah I read the article more as a list of valid suggestions for a nascent industry. Not an attempt to suggest that crypto is going to disappear entirely.
Post reply on HN