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Web3 and crypto skepticism is growing and people are finally starting to listen

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Re: Web3 and crypto skepticism is growing and people are finally starting to listen

#351

Post by moron4hire »

kyruzic wrote: post #269
simonw wrote: post #102

Earlier quoted context omitted.

"Nobody is forcing anyone to partake in this new technology" Plenty of its advocates very clearly WANT to force people to partake though. Anything to keep that number going up.

This is like crying about online only games. No they aren't forcing you to take part, don't use their products or services if you don't like it.

Except most of the large properties moved to online-only, loot-box infested monetization scheme. So yes, you aren't being "forced", but comparable alternatives don't really exist anymore.

Re: Web3 and crypto skepticism is growing and people are finally starting to listen

#352

Post by danaris »

boringg wrote: post #147

If anything the equity collapse happening in real time and in crypto might allow for the hype to deflate and something valuable to grow. Think of it like the regrowth in a forest. Hopefully all the hucksters will be so burnt that they won't touch the space again allowing space for those projects people deem to be valuable to grow. It sounds naive, but maybe thats the way forward. that's my hopefully take

It's had over a decade now for "something valuable to grow". There is still no use case for cryptocurrency (that I've ever heard of) that isn't either done at least as well without it, anarcho-capitalist fantasy, or purely about making money off having more of it.

Re: Web3 and crypto skepticism is growing and people are finally starting to listen

#353

Post by kyruzic »

moron4hire wrote: post #331
kyruzic wrote: post #294

Earlier quoted context omitted.

This is not true at all.

It's absolutely true https://blog.mollywhite.net/abuse-and-harassment-on-the-bloc... https://blockcast.cc/news/a-new-type-of-nft-scam-beware-of-s...

No it is not. An image cannot be stored on any of the popular block chains. An NFT contains a link to an image, which the chain has no way of displaying, third party websites like Opensea display the images.

And you can never delete anything from a blockchain so your second point is completely false as well. And even if you could delete something from a chain it could not "drain" your wallet unless you explicitly gave it permission to use your coins.

Re: Web3 and crypto skepticism is growing and people are finally starting to listen

#354

Post by kyruzic »

ceejayoz wrote: post #277
kyruzic wrote: post #270

Earlier quoted context omitted.

A blockchain is not web3 or crypto.

https://en.wikipedia.org/wiki/No_true_Scotsman The Venn diagram of web3, cryptocurrency, and blockchain proponents is substantially similar to a circle.

No it really is not, but nice try and great meme!

Re: Web3 and crypto skepticism is growing and people are finally starting to listen

#355

Post by kyruzic »

throwawaysysd wrote: post #319
kyruzic wrote: post #265

Earlier quoted context omitted.

Nothing, literally nothing about web3 is a pyramid scheme. Yes you can build a pyramid scheme on top of web3. No web3 is not a pyramid scheme. You can build a pyramid scheme on facebook too, but facebook is not a pyramid scheme.

>No web3 is not a pyramid scheme. As long as it's centered around the value of BTC, this is false. BTC has totally failed as a currency and is completely dependent on speculators pushing its valuation up to keep the miners profitable. I'll be willing to concede this point to you if eventually all proof-of-work coins disappear and the BTC maxis go away, and the incentives change to move away from mining and towards pr…

You are so misinformed about web3 that you think BTC is in anyway related to web3.

Re: Web3 and crypto skepticism is growing and people are finally starting to listen

#356

Post by Duckton »

thebean11 wrote: post #300
AlexandrB wrote: post #283

Earlier quoted context omitted.

AFAIK all transactions on a blockchain require spending some associated currency (e.g. "gas fees"). For investors , I think the killer feature is being able to make money off of every transaction involving identity and health data.

Yes, the gas fees would be very expensive in the current state (think hundreds to thousands of dollars for a regular appointment, tens of thousands for an x-ray). There would have to be some benefit for healthcare providers to pay that and I don't see what that is..

Maybe not the healthcare provider, but a service that allows the patient to be in control of their health records. Control who can read and write to their own data. And is it not up to the implementor of the blockchain, to specify how difficult it is to calculate a new block? So lowering the "gas price"?

Re: Web3 and crypto skepticism is growing and people are finally starting to listen

#357

Post by danaris »

cableshaft wrote: post #245
the_gastropod wrote: post #137

Earlier quoted context omitted.

No. And, frankly, I'd think anyone with a half-a-brain and 30 seconds to think through the ramifications of such a terrible idea would be able to figure out why.

Well one thing it helps combat is link/data rot (assuming that blockchain stays up of course). Meanwhile on our current web, data is disappearing all the time. Like this recent study on the links on NYT articles: "Predictably, it found that, as time went on, links were more likely to be dead: 6 percent of links in 2018 articles were inaccessible, while a whopping 72 percent of links from 1998 were dead." https://www.…

But to the best of my understanding, none of the blockchains currently in widespread use can actually store whole websites on them. They can store....links. To existing webpages. Which are still hosted exactly the same way they've always been, and subject to the same likelihood of link rot.

Re: Web3 and crypto skepticism is growing and people are finally starting to listen

#358

Post by 2fast4you »

Duckton wrote: post #350
2fast4you wrote: post #302

Earlier quoted context omitted.

I do not want my health record to be both public and immutable. Not wanting it to be public should be obvious. Immutable though, what if I need to change my name/gender to match reality? It's not enough to just update the value, because the old value still exists on the blockchain. That's just another method to find my deadname and use it for harassment.

So I am not an expert in blockchain or web3, I've only completed a few courses implementing a blockchain in golang and I work in the digital health industry. But the points you raise, are exactly the issues I've been thinking could be solved with web3. I am imagining using it to give control to the patient of who has read access(to what and when), who can add data, etc. I.e. give full transparency and control to the…

Could you go into how blockchain might solve those problem? Because it seems to create them instead

Re: Web3 and crypto skepticism is growing and people are finally starting to listen

#359

Post by ben_w »

danaris wrote: post #349
ben_w wrote: post #310

Earlier quoted context omitted.

That’s not an effective rebuttal. First: Blockchain transactions are only accepted when they’re added to the blockchain, so participating in the blockchain necessarily directly enables the drug (etc.) transactions in a way which isn’t true for fiat or commodity currencies. (I happen to have the opinion that almost all drugs should be legally available in some form for personal use, but that’s a different argument; pa…

Also worth noting: Even if you believe that all drugs should be legal for informed personal use, that doesn't change the predatory and destructive nature of drug dealers and cartels in the system as it exists today. If you want to support personal, recreational use of drugs, the ethical, responsible way to do that is through campaigning for reform of our laws, not through enabling and funding violent organized crime…

Indeed, but I thought I was already a bit too far into that tangent.

Re: Web3 and crypto skepticism is growing and people are finally starting to listen

#360

Post by AlexandrB »

capableweb wrote: post #248
romeros wrote: post #53

Earlier quoted context omitted.

In practice, everything is indirectly tied to making more money 100x your "investment" in a blink of an eye. If the entire crypto/defi/nft/gamefi/play2earn etc marketcap was 0 then nobody would even bother with interacting/developing with web3. In-fact, nobody would even be interested in blockchain tech.

Why are you assuming that just because something doesn't involve money, people wouldn't be interested in it? Music creation is for most people just a hobby, with zero financial incentives to engage in, yet countless amount of people make music as a hobby and release it for free via various channels. Same goes for software with free/open source software. Not to talk about BitTorrent (or it's predecessors in the P2P sp…

I'm sure that some people would continue to run crypto nodes if it was not profitable, but the number of people doing so would drop precipitously. There's a huge portion of the crypto community (90%? 95%?) that are in it for the ROI and speculative gambling, not for running a decentralized web.

As an example, I suspect no one would buy old power plants and turn them into Bitcoin miners if there was no return on investment. The operating costs of this kind of infrastructure are too high to justify as a "hobby".

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