What Is Web3? Should You Care?

#1

Post by bwooster » Thu, Nov 25, 2021, 3:27 PM UTC

What Is Web3? Should You Care?
spiegelmock.com

Re: What Is Web3? Should You Care?

#2

Post by guilhas » Thu, Nov 25, 2021, 8:59 PM UTC

Yes we should. Very exciting time full of opportunities

If people ignore the buzzword scams, and focus on what is possible to change with these new paradigms... I am already getting FOMO

Re: What Is Web3? Should You Care?

#3

Post by pketh » Thu, Nov 25, 2021, 9:51 PM UTC

web 1 and 2 promised very little and delivered a lot, web3 looks like the opposite

Re: What Is Web3? Should You Care?

#4

Post by 0xcoffee » Thu, Nov 25, 2021, 10:03 PM UTC

pketh wrote: post #3

web 1 and 2 promised very little and delivered a lot, web3 looks like the opposite

I feel like web 1 & 2 was really about sharing things. Newsgroups and forums. Then videos and social media.

However 'web3' seems the opposite. Decentralization is touted as a feature, because we cannot place our trust in other people. NFT hype is all about 'claiming' ownership over something. Where is the sharing and community?

For these reasons I do not think it is something interesting.

Re: What Is Web3? Should You Care?

#5

Post by dropnerd » Thu, Nov 25, 2021, 10:12 PM UTC

you can lose half of your logins (oauth) if faang's algorithm don't like you. decentralized identities fix this for free (no-onchain transactions required)

Re: What Is Web3? Should You Care?

#6

Post by jwilber » Thu, Nov 25, 2021, 10:39 PM UTC

guilhas wrote: post #2

Yes we should. Very exciting time full of opportunities If people ignore the buzzword scams, and focus on what is possible to change with these new paradigms... I am already getting FOMO

Can you describe some of these possible changes?

Re: What Is Web3? Should You Care?

#7

Post by noman-land » Thu, Nov 25, 2021, 11:21 PM UTC

jwilber wrote: post #6

guilhas wrote: post #2

Yes we should. Very exciting time full of opportunities If people ignore the buzzword scams, and focus on what is possible to change with these new paradigms... I am already getting FOMO

Can you describe some of these possible changes?

There's a lot to say but one of the big ones for me is normalizing the use of public key crypto for identity management.

Now anyone can create a keypair offline and suddenly they have a way for people to interact with them and they don't have to run any of the infrastructure themselves.

I like that it inverts the concept of "self hosting" into "everybody hosting".

Re: What Is Web3? Should You Care?

#8

Post by hihihihi1234 » Thu, Nov 25, 2021, 11:23 PM UTC

noman-land wrote: post #7

jwilber wrote: post #6

Earlier quoted context omitted.

Can you describe some of these possible changes?

There's a lot to say but one of the big ones for me is normalizing the use of public key crypto for identity management. Now anyone can create a keypair offline and suddenly they have a way for people to interact with them and they don't have to run any of the infrastructure themselves. I like that it inverts the concept of "self hosting" into "everybody hosting".

What problem does this solve? What's wrong with the way I currently do "identity management"?

Re: What Is Web3? Should You Care?

#9

Post by guilhas » Thu, Nov 25, 2021, 11:44 PM UTC

jwilber wrote: post #6

guilhas wrote: post #2

Yes we should. Very exciting time full of opportunities If people ignore the buzzword scams, and focus on what is possible to change with these new paradigms... I am already getting FOMO

Can you describe some of these possible changes?

Just being completely random imagine the internet is now the multiverse. And everything publish on it is an NFT, posts, videos, images, comments. Like the current internet but everything has a value. Creating a comment on StackOverflow could get you paid instead of just reputation

The NFT concept seems stupid at first, and a 60 million NFT is definitely stupid. But imagine Youtube is the metaverse where videos, or NFTs, are published, and the owners will forever receive royalties from Youtube advert/membership profits. People can upload similar videos, but then there is, for example, music rights violation arbitrated by the site that some or all the profits of the video revert back to the original creator. And generally all free for the consumer. By no means perfect

Mining could be people caching, and serving NFT content, through which they could get paid, and preserve internet. Partially replacing web hosting, and preventing censorship. Using your neighbors pcs to speed up video encoding

For example the Google News problem with Spain and Australia URLs can be NFTs, and have rules. If a site is referencing a URL and is profiting, a part should go to the URL owner, but if the URL is clicked then a part goes to the site that referenced it https://www.theverge.com/2021/11/3/22761041/google-news-rela...

You might say that people don't like these new concepts, or mining is bad for the environment, but right now we can make them what we want them to be. The internet will evolve somewhere and if we don't think about it, someone else will and we won't like the result! Everything is up for grabs, payment systems, identity authentication, personal data management, web3 economic model, social media, news platforms...

Re: What Is Web3? Should You Care?

#10

Post by tata71 » Thu, Nov 25, 2021, 11:44 PM UTC

pketh wrote: post #3

web 1 and 2 promised very little and delivered a lot, web3 looks like the opposite

This isn't going to age well.