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The builders will win and naysayers will be long forgotten. I work full time in this space and it is evolving faster than I can keep up with. DAOs, NFTs, token

The builders will win and naysayers will be long forgotten. I work full time in this space and it is evolving faster than I can keep up with. DAOs, NFTs, tokens, decentralized file storage, decentralized identity via public keys and smart contracts, tokens as authentication, on-chain reputation systems, oracles, fundraising with no third parties or gatekeepers, etc are all here to stay and will evolve further and faster than your bias will let you see. If you have an alternative to the monopolistic web and mobile dystopia we find ourselves in, wherein we can only speak within the narrow band of corporately acceptable speech and expression, and we can only transact with the blessings of PayPal's overlords, that doesn't involve crypto or blockchain, I suggest you quit your job to build it. Otherwise, I fear you might be too late at disrupting the establishment, as the builders are well under way, working on Web3 powered by crypto (in both senses of the word).

sllewe 5y ago
I advise/consult/build technology for a wide range of industries. (From AEC Firms to Major league sports teams) From my perch, the meaningful proliferation of blockchain in those industries has been...zero. And that's not to say it hasn't been on the tip of many of their CTO's tongues. Your giant list of of terminology isn't making much of an impact on me. In fact many of those sounds terrible. So giving your post the benefit of the doubt, when can I expect to be disrupted out of a job by even a single item on your list?
- exdsq 5y ago
  I think the most likely thing you'll see popping up is NFTs as tickets to sports games. That's one of the few NFT use-cases I really love and think makes sense.
  - bendavis381 5y ago
    What deficiencies with existing ticketing solutions do NFTs provide?
    - exdsq 5y ago
      The thing I love is the idea of atomic transactions. What does that mean? Well the transfer of a ticket for money could be a single transaction. No ticket without money, no money without ticket. Sure, you could use some tech to do this - maybe rely on Paypals guarantees to get your money or ticket back if the other person is fraudulent. But how do you guarantee the ticket is authentic? Well I can include a verification step in the transaction to only send my money if the ticket is valid with a smart contract. Now you have a peer-to-peer trustless safe method of trading tickets with strangers. The ticket providers can mint x tokens for a release and enable a safe resale market while users can feel safe buying and selling tickets online.
      - dmitriid 5y ago
        > Now you have a peer-to-peer trustless safe method of trading tickets with strangers. No. You don't. because you also have to verify that the person who is selling tickets actually has the right to do so.
        exdsq 5y ago
        Simple - either metadata or part of the validator
        dmitriid 5y ago
        That is not an answer. What metadata? What validator? Who provides and verifies that metadata? Who provides the validator?
        maccolgan 5y ago
        Are you completely unaware of how the blockchain is validated and the cryptography underlying it?
        dmitriid 5y ago
- tuddman 5y ago
  As with most technological advances and innovations, people - even laggards of technological adoption - tend to over-estimate in the near term and under-estimate in the long term in terms of predicting the 'impact' of a given technology. So based on nothing at all other than witnessing corporations and industries rise and fall for more than 2 decades now because of new technologies, let's say 7 years before you're out. Fair?
  - sllewe 5y ago
    As I look around at a pile of RFPs with companies running some core functionality on Windows Server 2003, RHEL 5, MYSQL 4 etc....I'll take that bet.
    - tuddman 5y ago
      I suspect these companies view upgrading core functionality tech as a cost center to be avoided at all costs and for as long as humanly possible. "If it ain't broke, don't fix it", I hear them bark from their bean-counting management perch. So too were the companies that were content with their horse drawn delivery trucks to move their goods around town. We now have a better, faster, cheaper (by orders of magnitude) way to move not goods but value through a network. Obviously neither of us know how long it'll take for the legacy systems to completely die off, but they will. So I'll simplify the bet to: when, not if. Still game?
- hanniabu 5y ago
  It'll come. As ethereum's scaling gets past the current growing pains and zkrollups like zkSync become prominent i expect enterprise interest will pick up, especially with initiatives like baseline protocol. Companies can run their own private execution and data availability layer and have full control while not needing to worry about settlement.
echelon 5y ago
Web 4. Don't paper over history. The Semantic Web was the first that dreamed of distributed, decentralized taxonomies of data shared p2p. Facebook and Google sidelined it.
tracyhenry 5y ago
What sources do you recommend for keeping update-to-date with the non-scam applications of the space?
austincheney 5y ago
> If you have an alternative to the monopolistic web and mobile dystopia we find ourselves in I do. I am working on it as a side project. It isn’t blockchain or IPFS.
dmitriid 5y ago
> DAOs, NFTs, tokens, decentralized file storage, decentralized identity via public keys and smart contracts, tokens as authentication, on-chain reputation systems, oracles, fundraising with no third parties or gatekeepers, etc are all 99% scam. The remaining 1% is either more efficient and scalable in literally any other tech, or are busy re-inventing all the centralised institutions that come from, you know, the need to operate in reality. > Otherwise, I fear you might be too late at disrupting the establishment By saying "too late at disrupting the establishment" you're implying that the establishment is already disrupted. It's objectively not.
roody15 5y ago
I agree with your sentiments on decentralization and the dystopian aspects of what our current web has become. However I still have yet to be convinced of any real value or need of an NFT. For example let say I am the owner of a famous “Tweet”. This NFT shows exactly what … a unique token saying it’s mine ? A token with no legal recourse to stop others from using what I purchased? If you think about it from an opposing viewpoint in many ways you really own nothing except what people believe you own … which in this case is a small minority of people. A very small subset of people will currently even recognize what an NFT is and an even smaller subset will acknowledge and believe I own anything … reducing its value. Further the information and value of the “Tweet” (or digital art, or whatever) is not contained in the NFT at all. Let’s say I buy the NFT to some cool digital artwork. Nothing is stopping anyone else from using this artwork… I have no legal recourse to say “heh I own this”. Only a small subset of people will recognize this as any form od ownership at all. Sorry from my point of view NFT’s seem like a get rich quick fad… maybe am just a grumpy old dude at this point but honestly just don’t much real lasting value here.

sllewe 5y ago

I advise/consult/build technology for a wide range of industries. (From AEC Firms to Major league sports teams) From my perch, the meaningful proliferation of blockchain in those industries has been...zero. And that's not to say it hasn't been on the tip of many of their CTO's tongues. Your giant list of of terminology isn't making much of an impact on me. In fact many of those sounds terrible. So giving your post the benefit of the doubt, when can I expect to be disrupted out of a job by even a single item on your list?

exdsq 5y ago
I think the most likely thing you'll see popping up is NFTs as tickets to sports games. That's one of the few NFT use-cases I really love and think makes sense.
- bendavis381 5y ago
  What deficiencies with existing ticketing solutions do NFTs provide?
  - exdsq 5y ago
    The thing I love is the idea of atomic transactions. What does that mean? Well the transfer of a ticket for money could be a single transaction. No ticket without money, no money without ticket. Sure, you could use some tech to do this - maybe rely on Paypals guarantees to get your money or ticket back if the other person is fraudulent. But how do you guarantee the ticket is authentic? Well I can include a verification step in the transaction to only send my money if the ticket is valid with a smart contract. Now you have a peer-to-peer trustless safe method of trading tickets with strangers. The ticket providers can mint x tokens for a release and enable a safe resale market while users can feel safe buying and selling tickets online.
    - dmitriid 5y ago
      > Now you have a peer-to-peer trustless safe method of trading tickets with strangers. No. You don't. because you also have to verify that the person who is selling tickets actually has the right to do so.
      - exdsq 5y ago
        Simple - either metadata or part of the validator
        dmitriid 5y ago
        That is not an answer. What metadata? What validator? Who provides and verifies that metadata? Who provides the validator?
        maccolgan 5y ago
        Are you completely unaware of how the blockchain is validated and the cryptography underlying it?
        dmitriid 5y ago
tuddman 5y ago
As with most technological advances and innovations, people - even laggards of technological adoption - tend to over-estimate in the near term and under-estimate in the long term in terms of predicting the 'impact' of a given technology. So based on nothing at all other than witnessing corporations and industries rise and fall for more than 2 decades now because of new technologies, let's say 7 years before you're out. Fair?
- sllewe 5y ago
  As I look around at a pile of RFPs with companies running some core functionality on Windows Server 2003, RHEL 5, MYSQL 4 etc....I'll take that bet.
  - tuddman 5y ago
    I suspect these companies view upgrading core functionality tech as a cost center to be avoided at all costs and for as long as humanly possible. "If it ain't broke, don't fix it", I hear them bark from their bean-counting management perch. So too were the companies that were content with their horse drawn delivery trucks to move their goods around town. We now have a better, faster, cheaper (by orders of magnitude) way to move not goods but value through a network. Obviously neither of us know how long it'll take for the legacy systems to completely die off, but they will. So I'll simplify the bet to: when, not if. Still game?
hanniabu 5y ago
It'll come. As ethereum's scaling gets past the current growing pains and zkrollups like zkSync become prominent i expect enterprise interest will pick up, especially with initiatives like baseline protocol. Companies can run their own private execution and data availability layer and have full control while not needing to worry about settlement.

echelon 5y ago

Web 4. Don't paper over history. The Semantic Web was the first that dreamed of distributed, decentralized taxonomies of data shared p2p. Facebook and Google sidelined it.

tracyhenry 5y ago

What sources do you recommend for keeping update-to-date with the non-scam applications of the space?

austincheney 5y ago

> If you have an alternative to the monopolistic web and mobile dystopia we find ourselves in I do. I am working on it as a side project. It isn’t blockchain or IPFS.

dmitriid 5y ago

> DAOs, NFTs, tokens, decentralized file storage, decentralized identity via public keys and smart contracts, tokens as authentication, on-chain reputation systems, oracles, fundraising with no third parties or gatekeepers, etc are all 99% scam. The remaining 1% is either more efficient and scalable in literally any other tech, or are busy re-inventing all the centralised institutions that come from, you know, the need to operate in reality. > Otherwise, I fear you might be too late at disrupting the establishment By saying "too late at disrupting the establishment" you're implying that the establishment is already disrupted. It's objectively not.

roody15 5y ago

I agree with your sentiments on decentralization and the dystopian aspects of what our current web has become. However I still have yet to be convinced of any real value or need of an NFT. For example let say I am the owner of a famous “Tweet”. This NFT shows exactly what … a unique token saying it’s mine ? A token with no legal recourse to stop others from using what I purchased? If you think about it from an opposing viewpoint in many ways you really own nothing except what people believe you own … which in this case is a small minority of people. A very small subset of people will currently even recognize what an NFT is and an even smaller subset will acknowledge and believe I own anything … reducing its value. Further the information and value of the “Tweet” (or digital art, or whatever) is not contained in the NFT at all. Let’s say I buy the NFT to some cool digital artwork. Nothing is stopping anyone else from using this artwork… I have no legal recourse to say “heh I own this”. Only a small subset of people will recognize this as any form od ownership at all. Sorry from my point of view NFT’s seem like a get rich quick fad… maybe am just a grumpy old dude at this point but honestly just don’t much real lasting value here.