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There are two sides to web3 as I see it: On the one side there are people obsessing about ownership and monetization. They want to buy and sell digital things
by NathanKP 5y ago
There are two sides to web3 as I see it:
On the one side there are people obsessing about ownership and monetization. They want to buy and sell digital things for profit. They want to create pay to win systems where you have to spend money to have tokens to access services.
On the other side you have the altruistic, open access web3 that is focused on decentralization and breaking down walled gardens. For example IPFS is the peer to peer network for hosting and fetching content, resistant to censorship. It is probably the closest thing to old days of web where there was an ethos of open access to data.
The "for profit" crowd is trying to create an artificial decentralized monetization system on top of the fundamentally free, decentralized, peer to peer stuff like IPFS. For example if I host something in IPFS then there is nothing stopping folks from accessing it from any peer that has a copy. There is free and open exchange of data. But if I have an NFT then I can claim that I "own" something that is hosted in the distributed, decentralized IPFS. Some people are going so far as to say that they want NFT's to be used to implement a form of DRM on top of the peer to peer decentralized tech that would otherwise be freely exchanging data.
Personally I see web3 as the underlying decentralized tech like IPFS and ENS, but the NFT monetization and speculation side of things is a toxic casino and monetization layer bolted on top and it will probably harm the ecosystem of actual open decentralized tech underneath.
- timdaub 5y agoWell put!