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

coywolf.news

361–370 of 433 posts

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

#361

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A blockchain is not web3 or crypto.

web3 is explicitly, 100% blockchain: https://en.wikipedia.org/wiki/Web3

I said a blockchain is not web3. Not web3 is not a blockchain. Bitcoin is a blockchain, bitcoin is not web3.

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

#362

Earlier quoted context omitted.

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!

Can you give an example of web3 tech that doesn't involve a blockchain in any way?

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

#363

Serious question: What problem does web3 or decentralization fix? - Oligopoly of the hyperscalers -> rent server from small provider like ovh/hetzner/netcup (there is plenty). The reason AWS, Azure and GCP are so popular is because people don't care. - Privavy intrusions -> Adblocker/DNS Blocker/Turn off JS/Use browser settings This won't be fixed by web3, ad monetization and tracking won't magically stop. They exist…

I think the steelman arg I've found for crypto as a general social media replacement is based on three pillars. 1. Ownership by default. NFTs are kinda a silly example, but since your wallet ("You") own your the token that represent your assets being able to transfer them around with you whenever you go somewhere new is cool. 2. Authentication with your wallet makes things much better. SSO for the whole web. 3. Align…

> 2. Authentication with your wallet makes things much better. SSO for the whole web.

SSO for the whole web means if you do something deemed "bad" you can be blacklisted from every service at the same time. How is this good?

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

#364

Earlier quoted context omitted.

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

I can try, but to be totally clear this is only an idea that I have in my head, and is far from fully formed.

But as far as I understand, it should be possible for a user on a blockchain, to have their set of data encrypted in the ledger. It should also be possible to implement a sort of permission scheme.

So I am imagining, instead of relying on things like Epic Systems and other EHR systems, that control your data and might have incentives to not share them with other systems. One could imagine a EHR system based on a blockchain. The patient can then grant permission to, say a hospital, to read certain data from the ledger. This could be scoped to what is necessary in the context of their visit or procedure. After the visit to the hospital, the patient has full transparency to read what data has been added to their own records.

Anyway, I am not capable to give a full technical solution, since I have not thought it fully through, and not nearly knowledgable enough to actually know. So I might be very wrong in my assumptions, and would gladly be told otherwise if that is the case.

Then there's the whole issues of how do you get existing systems as Epic to integrate with said "blockchain EHR".

Edit: This might be of interest: https://journals.sagepub.com/doi/full/10.1177/14604582198663...

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

#365

Earlier quoted context omitted.

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

Can you give an example of web3 tech that doesn't involve a blockchain in any way?

Do you understand how a venn diagram works? I can give you plenty of examples of blockchains that are unrelated to cryptocurrency, any corporate run block chain. And examples of blockchains unrelated to web3, bitcoin is a well known example of this.

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

#366
post #293
post #97

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I get paid across various countries (UK, EU, US) and it's sure easier to get paid with a stable coin than fiat. Ever dealt with a US business when you only have a UK account and they're asking for your routing number? Had a one-day $1000 contract last year to write a quick training document and it took an extra day of communicating with their accounting team to find a solution. And then it takes days to transfer acro…

I routinely get paid from various countries (including US and EU), and Wise works great for that. The fees are rather low. I think my clients would show me the door if I asked them if they can pay me in some crypto...

I use Wise but it’s still two days. If it’s a startup that’s technical in nature they’ve all been happy with crypto!

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

#367

Serious question: What problem does web3 or decentralization fix? - Oligopoly of the hyperscalers -> rent server from small provider like ovh/hetzner/netcup (there is plenty). The reason AWS, Azure and GCP are so popular is because people don't care. - Privavy intrusions -> Adblocker/DNS Blocker/Turn off JS/Use browser settings This won't be fixed by web3, ad monetization and tracking won't magically stop. They exist…

Censorship and centralized control, hopefully. People owning their own content.

People already own their content if they buy it physically. And everyone else prefers the convenience of streaming.

Also there is already multiple platforms with little to no regulation/'censorship' (namely onion service, telegram, kiwi farms, the chan boards, gab, parler...) and we all know how that worked out

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

#368

Earlier quoted context omitted.

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"?

I think a system like that is a great idea, I'm just not sure how a blockchain helps. The things that make a blockchain interesting (uncensorable, immutable etc) aren't that important here, and with a public blockchain you still need a whole separate system that's doing access checking (maybe your doctor has a key that decrypts the onchain data). To me that system of sharing data with providers, and giving them credentials to access the data is the difficult part, and blockchain doesn't help.

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

#369

Earlier quoted context omitted.

Can you give an example of web3 tech that doesn't involve a blockchain in any way?

Do you understand how a venn diagram works? I can give you plenty of examples of blockchains that are unrelated to cryptocurrency, any corporate run block chain. And examples of blockchains unrelated to web3, bitcoin is a well known example of this.

I'm not asking about that. I'm asking about the converse. If corporations want to waste their money on an internal blockchain, that's fine; it doesn't affect me. But we're talking about people evangelizing this technology to precipitate large-scale societal change, which is focused on the intersection of cryptocurrencies, blockchain and "web3".

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

#370

Earlier quoted context omitted.

Yeah but under an authoritarian regime they can just squeeze you until you run out of operating cash since it would likely be a long game. I recognize that there are benefits to having some assets - I still don't believe this to be a strong enough argument. Also - in that case you are just talking about hiding assets from the government. While the use case for dissidents is good - to me I would wager the amount of pe…

I don't think it is moral to outlaw a new technology just because some criminals are using it. There is nothing inherently criminal with the technology. Similar to nuclear, guns, computers, cars, anything. Someone is always going to sharpen a stick and use it for murder. Should we assume that everyone who collects sticks is a murderer, and therefore we should outlaw stick collecting (enforced by "good" stick wielders…

I'm not saying that -- I am saying that isn't a sufficient reason to support crypto. The costs are greater than the gains if that was the sole function.
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