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Web3 Is Bullshit
51–60 of 125 posts
Re: Web3 Is Bullshit
#52if Web2 became a dystopic Zuckerbergia and Web3 is a disguised Cryptobrosia is there maybe a chance for a Web 2.5 that doesn't suck? Like something that isn't fake techno-solutionism on steroids? What would be its building blocks? IFPS, Activitypub, XMPP, Matrix? but more importantly what would be the governance and incentives that would prevent it from rapidly degenerating as with all other versions
>What would be its building blocks? IFPS, Activitypub, XMPP, Matrix? but more importantly what would be the governance and incentives that would prevent it from rapidly degenerating as with all other versions.
Everything you listed is Web3 in my opinion. I don't think the idea is to put everything on Ethereum. It's to provide niche but critical services like DNS, identity/auth, and some connecting governance logic to other federated/distributed systems.
Re: Web3 Is Bullshit
#53The value provided by the crypto assets is financial. Decentralized exchanges, flash loans, and other real innovations are in service of money games. In the same way many financial firms participate in money games for profit (algorithmic trading, complex derivatives bets, etc.) a huge ecosystem is growing of games designed around blockchains. I don’t think these ideas of “one world currency”, “new internet”, or “my house on a blockchain” are relevant anymore. People are still attacking these ideas but the ecosystem isn’t going that way.
Re: Web3 Is Bullshit
#54Earlier quoted context omitted.
To me this is rhetoric that conveniently ignores the sole advantages of blockchain and distributed computing. Blockchains don't exist to be fast, efficient, or scalable. They exist to be decentralized, permissionless, and censorship resistant. > People are trying to move from a world in which compute resources are efficient and almost limitless to a world of scarcity because they want to build an economic system wher…
Yeah most of these posts start with a straw man and try to work their way backwards from there. What I think it really boils down to is that web3 represents a shift away from the centralized dystopian organizations that employ most of the people in this community.
Away from centralization and straight into energy inefficient pyramidal schemes.
Re: Web3 Is Bullshit
#55if Web2 became a dystopic Zuckerbergia and Web3 is a disguised Cryptobrosia is there maybe a chance for a Web 2.5 that doesn't suck? Like something that isn't fake techno-solutionism on steroids? What would be its building blocks? IFPS, Activitypub, XMPP, Matrix? but more importantly what would be the governance and incentives that would prevent it from rapidly degenerating as with all other versions
Make it slow and size constrained. People will only use it when it matters then.
Re: Web3 Is Bullshit
#56The term "Web3" may be bullshit: it wrongly implies that crypto/blockchains will replace current web structures like servers, websites, AWS media hosting, OAuth, etc.
But, the ideas of Web3 — building applications on top of distributed ledgers and programmable smart contracts — is rather novel, potentially paradigm-shifting, and has already exhibited some clear merits[1]. Most likely this will continue to grow as these systems become more efficient and scalable (see: Proof of Stake, zk-rollups, sharding, alt/side-chains).
[1] - https://mattdesl.substack.com/p/hicetnunc-and-the-merits-of-...
Re: Web3 Is Bullshit
#57if Web2 became a dystopic Zuckerbergia and Web3 is a disguised Cryptobrosia is there maybe a chance for a Web 2.5 that doesn't suck? Like something that isn't fake techno-solutionism on steroids? What would be its building blocks? IFPS, Activitypub, XMPP, Matrix? but more importantly what would be the governance and incentives that would prevent it from rapidly degenerating as with all other versions
The alternate path is one the free software community has been pushing towards for decades. The ability to voluntarily associate (and disassociate) from trusted communities, software and communities that works for users and not the other way around, and autonomy coupled with mutual aid/benefit.
Compare the focus of the GNU, Mastodon, Matrix, etc. projects to blockchain world and the fundamental difference is they're not trying to create a world in which we don't trust anyone except a the idea that human nature runs on greed and can be exploited by making us have to pay (spend tokens) for everything.
Re: Web3 Is Bullshit
#58Earlier quoted context omitted.
It's not really minor to worry about funds being inaccessible for who knows how long when Solana is down. I'd rather go with Polygon or Arbitrum for now since it's fast, and wait until zkEVM like zkSync is out. Same with StarkNet. The quick and cheap transactions of Solana with Ethereum's decentralization is what I'm looking for, and that'll only be possible with zk rollups.
Polygon's a pretty good chain, but I have had issues with it before with essentially a traffic jam where my tx got locked up in a queue and took 30 minutes to process. But it's nice to be able to use the chain and it is quite cheap. Arbitrum is pretty expensive per tx still though right? I haven't used the chain too much because the native bridge takes about a week to get funds over IIRC. And Solana's only been down…
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Re: Web3 Is Bullshit
#59I wish that people writing articles talking about how horrible web3 is tried something other than Ethereum lol. I'm fairly certain that if people's first web3 experience is something that actually works and doesn't cost hundreds of dollars for minor transactions they won't be as put off. I get downvoted everytime here I bring it up but seriously if people tried something like Solana today compared to Ethereum I'm fai…
It's not really minor to worry about funds being inaccessible for who knows how long when Solana is down. I'd rather go with Polygon or Arbitrum for now since it's fast, and wait until zkEVM like zkSync is out. Same with StarkNet. The quick and cheap transactions of Solana with Ethereum's decentralization is what I'm looking for, and that'll only be possible with zk rollups.
> I'd rather go with Polygon or Arbitrum for now since it's fast, and wait until zkEVM like zkSync is out.
I don't think the local supermarket would be pleased to hear that if they were going to adopt Ethereum for shoppers to pay for their groceries, they would need to approve + switch to layers like Polygon, Arbitrum just to reduce the already high fees on ETH. Even if they did, it's still very expensive and not very fast either.
Perhaps some will tell them to use contraptions like zkSync, StarkNet etc, which are experimental and not ready to be used by 'everyone'. Therefore is not a mature solution to use right now.
Looking at which cryptocurrency is suitable today for lots of users to make fast, cheap and efficient payments for their groceries in the supermarket, it is clearly not Ethereum. There are better alternatives out there that are more useable and best suited for this; even Solana qualifies for this.
After all, everyone needs to eat.
Re: Web3 Is Bullshit
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