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Honestly I think web3 is pretty doomed to discover why centralisation wins. In particular you can see this with the popularity of various blockchains. You immed

Honestly I think web3 is pretty doomed to discover why centralisation wins. In particular you can see this with the popularity of various blockchains. You immediately gain value by building on a chain with popularity. People gravitate and that increases the popularity and suddenly they’ve centralised around one piece of technology. Sure it’s decentralised in operation but that’s not the only axis. Similarly we’re seeing lots of platform power develop already including instances of disregarding the blockchain as a source of truth. The one part I grudgingly do like with NFTs is it gives people ownership of data that escapes platforms. NFTs are imperfect at this as they lack privacy, are ruinously expensive and complex to untangle from the entities that created them. Also all the usecases so far are more about speculation than defeating platforms. The non-blockchain alternatives like Pods and so on seem more compelling to me. But yeah to me we’ll see more decentralisation naturally when users are in charge of their own data. I also think this is going to only really take off when we solve digital identity and on boarding that isn’t horrendously technical.

kranke155 5y ago
NFTs are only expensive on ETH. Other chains like Tezos or Solana they can be cheaper than a latte.
- meheleventyone 5y ago
  A latte sounds quite expensive in computational terms. I was definitely unclear but I was thinking about the transaction costs which I understand are much cheaper on PoS chains but still quite a bit higher than the real computational cost. The other side of it is how massively convoluted the pricing is.
  - kranke155 5y ago
    I don’t know about computational costs but in Tezos the transaction cost is something like 0.50$ atm. NFTs are definitely in a proof of concept stage, but I 100% expect them to improve dramatically in the next 12-24 months. People are working on solutions for virtually every problem that’s been thought of - fakes, rights managements etc. And they have already gained widespread adoption in the art world. As far as art goes NFTs are now fully adopted. NFTs are the first blockchain win. I expect gaming to be next.
    - meheleventyone 5y ago
      Let’s be real. They have some adoption in the art world it’s not widespread by any means. And as someone part of gaming I have significant doubts that you’ll see major adoption in the next five years.

kranke155 5y ago

NFTs are only expensive on ETH. Other chains like Tezos or Solana they can be cheaper than a latte.

meheleventyone 5y ago
A latte sounds quite expensive in computational terms. I was definitely unclear but I was thinking about the transaction costs which I understand are much cheaper on PoS chains but still quite a bit higher than the real computational cost. The other side of it is how massively convoluted the pricing is.
- kranke155 5y ago
  I don’t know about computational costs but in Tezos the transaction cost is something like 0.50$ atm. NFTs are definitely in a proof of concept stage, but I 100% expect them to improve dramatically in the next 12-24 months. People are working on solutions for virtually every problem that’s been thought of - fakes, rights managements etc. And they have already gained widespread adoption in the art world. As far as art goes NFTs are now fully adopted. NFTs are the first blockchain win. I expect gaming to be next.
  - meheleventyone 5y ago
    Let’s be real. They have some adoption in the art world it’s not widespread by any means. And as someone part of gaming I have significant doubts that you’ll see major adoption in the next five years.