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Are we wrong about Web3?

terminusdb.com

71–75 of 75 posts

Re: Are we wrong about Web3?

#71

If you are expecting your business to be around in 2023 you should shut up about "Web3". If you want to have good people for customers, if you want to hire good employees, if you want to have good vendors, shut up about "Web3". Don't take good free software like "Git" and slander it by associating it with platforms that charge fees on top of fees on top of fees; platforms that charge you fees to pay your fees that ma…

Calling for people to be fired because they wrote a blog post with ideas you don't like is monstrous. Whatever other 'criticisms' you might have, that is beyond the pale and shouldn't be acceptable commentary on this platform.

Re: Are we wrong about Web3?

#72

Web3 is a Pyramid scheme for people who get hyped from just hearing the word 'blockchain' but who don't have any technical understanding of how one computer actually communicates to another computer. Web3 scammers insert meaningless hand-wavy-techno-babble homophone phrases like 'Layer 1', 'off-chain', and 'decentralized' to hook FOMO VC into buying into vaporware. Web3 is literally not a real thing. If you want real…

Honestly, until any of this 'Web3' malarky has even a chance in hell of being superior to AWS or Azure I think most of it is worthless. None of it has a trajectory of becoming superior so far and most of it is incredibly slow, expensive, and wasteful (as far as electricity goes).

Re: Are we wrong about Web3?

#73
post #72

Web3 is a Pyramid scheme for people who get hyped from just hearing the word 'blockchain' but who don't have any technical understanding of how one computer actually communicates to another computer. Web3 scammers insert meaningless hand-wavy-techno-babble homophone phrases like 'Layer 1', 'off-chain', and 'decentralized' to hook FOMO VC into buying into vaporware. Web3 is literally not a real thing. If you want real…

Honestly, until any of this 'Web3' malarky has even a chance in hell of being superior to AWS or Azure I think most of it is worthless. None of it has a trajectory of becoming superior so far and most of it is incredibly slow, expensive, and wasteful (as far as electricity goes).

Filecoin and similar are doing great...

Re: Are we wrong about Web3?

#74
post #72

Earlier quoted context omitted.

Honestly, until any of this 'Web3' malarky has even a chance in hell of being superior to AWS or Azure I think most of it is worthless. None of it has a trajectory of becoming superior so far and most of it is incredibly slow, expensive, and wasteful (as far as electricity goes).

Filecoin and similar are doing great...

How's filecoin better than Dropbox or Google Drive?

Re: Are we wrong about Web3?

#75
post #9

This is poorly written; words and punctuation are missing all over the place. I don’t understand the git analogy at all. > If we’re extending the definition of web3 to include decentralized software systems We certainly aren’t. Web3 is defined by “trustless” decentralized systems (which usually aren’t actually decentralized, in practice). Branding a database as “Web3” is terrible PR, given web3’s reputation for obsce…

I still don't really get what web3 actually means. It seems like the new "cloud" when describing software.

It's basically a decentralized, censorship-resistant P2P internet. The philosophy has merit, but the performance sucks and it is currently mostly a venture capitalist funded scam.
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