231–240 of 316 posts
I've reached a point where I'm tired of discussing the possibilities/potential/revolution of crypto and blockchain. Is there anything I can use today, or must I keep waiting for this hypothetical future?
I don't get the extreme positions on that. There will be some sort of web3 and will be really relevant for some bigger groups of people. Saying that it should die and (the other extreme) saying "it's the solution for everything" is just ignorant.
This is the most sensible answer. There is probably no black and white outcome here, the web3 stuff will stick around for those who want it and who want to keep it alive. If you don’t understand or need it, just ignore it. This is just the usual “twitter bait” thats going on now. People are promoting this and then other people feel “threatened” and feel the need to take a position. Same with the whole Metaverse discu…
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>It might change parts of the world where redundancy and integrity are threats Sadly it won't. There is nothing about any kind of cryptocurrency that makes it incorruptible or immune to integrity problems. That's more myth-building that I hear quite often but it's not true. The hardest part in any data integrity problem is verifying that the data going into the system was correct in the first place, and blockchains c…
Claiming a technology is not a silver bullet is a statement that contains no useful information, because no technology is a silver bullet. However, blockchains do provide a very high level of durability across various dimensions, and some integrity failures reduce onto durability failures.
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> You can build lucrative businesses around the observation that long winded web 2.0 funnels have been shorted down to a single call to action that in itself is a payment, while again completely ignoring the ethos and ideology of the users and enthusiasts. Sidebar: I love sentences like this that go on and on but say literally nothing. Nothing in the preceding or following context gives it any clarity. It feels like…
> Sidebar: I love sentences like this that go on and on but say literally nothing. Nothing in the preceding or following context gives it any clarity. So you don't actually love sentences like that. That's interesting, I don't see it as one of those sentences. I don't know what insight you are missing such that you can't apply it here. Where would you like to start? Do you know what a funnel is? Do you know how convo…
For example, what is “future illusion of revenue”. Why is the word illusion there? Are you challenging the existence or classification of revenue? Of money? Of commerce? Or accounting? I can’t tell. Why is the word future there? Are you challenging old business models that will be replaced by web3? Highlighting the emergence of a post money economy?
I don’t know what you mean by including you those buzz words. So they feel like fluff to create apparent sophistication but in reality have no meaningful conceptual value. They don’t move the argument forward towards a conclusion.
Web3 makes a lot of sense to me. The people that got into Bitcoin early are now out and ridiculously rich. Other people also wanted to get rich, but that exact opportunity feels like it passed (still holding out for my $80 invested in Bitcoin to be worth >$100,000, but I got in kind of late), so people started making their own coins in the hopes of repeating the process. That had mixed success, Etherium (and maybe Do…
Making a Ponzi scheme digital doesn't make it better, it just makes it faster.
Honestly the older I get, the more absurd the world seems to become. Things like NFTs, an utter and total April's Fools joke of a concept that nevertheless people are now building six-figure careers on top of. Was it like this during the first dotcom bubble? I was a highschooler back then, so not yet totally "in" in the scene. Surely the current bubble must burst at some point as well?
Was it like this during the first dotcom bubble?
I was a highschooler back then.
And if somebody didn't get it yet you could show them a webpage or something. You could pull up a news site - "see, it's like your regular newspaper, except on the computer... plus a zillion other online newspapers, and weather, and shopping" etc. Very few people would fail to get the general concept (even if they had no interest in it) after a few minutes of that.
Ordering things from a catalog over the phone (Sears, etc) had existed for a century already, and online shopping was a fairly obvious extension of that.
The internet was also an idea that all manner of media had primed us for. Since, what, the 1950s? 1960s? movies and television and World's Fairs had all been promising us that someday we'd be able to do actual useful shit through our TV screens and that computers were "the future."
So once that all arrived it all felt pretty obvious. Both to tech-savvy types, and the general populace.
But... Web3?
There's nothing simple you can show an Average Joe. Even most tech-savvy people I know fall somewhere between thinking it's utter garbage and having no clue what it is on any kind of practical level. That's something you absolutely did not hear from tech-savvy folks in the 90s.
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Pay once read forever is the latest scam. Pay once read until it stops working.
Can you elaborate? None of these Virtual Machines go away because so many people run them and can run them, including yourself. You can branch off the current state or any prior state and run/execute it locally at any point in time, without needing the resources to run the whole blockchain. This is enough for you and your community/clients to have the data to move it all somewhere else, if necessary. If you need all…
It is a scam to promise forever. AWS doesn't promise forever. It's free reads until one day.
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when I worked at a VC (well, volunteered) I recall the tech investors looking at the health investors and boggling. "You ... want ... us ... to ... do ... what?" "Invest in a company and wait 20 years for it to go out of business? hell no, we invest in 10 companies, 9 fail and 1 makes a billion in their first year"
> when I worked at a VC (well, volunteered) Sorry, since you mentioned I have to ask: Why volunteer at a VC? Shouldn't they have plenty of capital to pay you with?
For those who don't know web3 is the idea of building a web on a decentralized blockchain. I think more specifically the idea is to replace the need for name servers with a blockchain protocol. Like anything blockchain there is no real solution for how to handle records becoming stale over time without a central authority that manages disputes. I find it ridiculous that this idea even got to occupy the name as I thin…